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Key Details
Sold Price $1,950,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 13,061 sqft
Price per Sqft $149
Subdivision Westmeath Condos
MLS Listing ID MDSM2000538
Sold Date 02/28/22
HOA Y/N N
Originating Board BRIGHT
Year Built 2006
Annual Tax Amount $16,799
Tax Year 2021
Property Description
INVESTMENT SALE consisting of 12 units located in Southern
Maryland, St. Mary's County, close to Patuxent Naval. The buillding is
part of a condominium project known as Westmeath and has been
managed and leased as an investment property for years.
Current NOI $125,224
Project offers full amenities including a clubhouse, pool, fitness
center, lighted tennis courts, and garage parking in the building. The
rental units feature fireplaces, balconies, washer/dryer, and garage
parking with elevator access. Occupancy 100% - 2022.
Vacancy and collections reflect no concessions in 2020.
Passive investment, all exterior and common areas maintained, leasing and management on-site.
Location
State MD
County Saint Marys
Zoning RESIDENTIAL
Interior
Hot Water Electric
Heating Central
Cooling Central A/C, Heat Pump(s)
Heat Source Electric
Exterior
Garage Spaces 20.0
Waterfront N
Water Access N
Accessibility 2+ Access Exits
Parking Type Private Garage
Total Parking Spaces 20
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District St. Mary'S County Public Schools
Others
Tax ID 123456
Ownership Condominium
Special Listing Condition Standard
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Bought with Hedy L Nelson • Keller Williams Select Realtors