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Key Details
Sold Price $560,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 3,114 sqft
Price per Sqft $179
MLS Listing ID MDKE2002966
Sold Date 09/08/23
Style Other
Abv Grd Liv Area 3,114
Originating Board BRIGHT
Year Built 1920
Annual Tax Amount $6,824
Tax Year 2022
Lot Size 3,360 Sqft
Acres 0.08
Property Description
Incredible investment opportunity in Chestertown within walking distance to Washington College, Downtown Chestertown's shops, farmers market, restaurants, and rails and trails. Fully occupied 4 unit apartment building that was gutted and completely renovated in 2017 with well established tenants and yearly leases. All units are separately metered with tenants paying their own utilities. Coin operated laundry room included. The building has been certified lead paint free! Everything about this building is turnkey and has virtually no non-occupancy since the present owners have renovated. Presently generating over $58,000.00 per year. Please see operating expense breakdown, income breakdown, lease expirations and Lead Paint Free certificate in Documents. The expense total include property taxes, insurance, public water and sewer, house electric meter, and maintenance ( lawn mowing, landscaping, HVAC maintenance and filters, snow removal, pest control maintenance, repairs after lease expirations). 48 hour notice to show.
Location
State MD
County Kent
Zoning R-5
Rooms
Basement Outside Entrance, Partial, Poured Concrete, Side Entrance, Unfinished
Interior
Interior Features Ceiling Fan(s), Wood Floors
Hot Water Electric
Heating Wall Unit, Other, Heat Pump(s)
Cooling Ceiling Fan(s), Ductless/Mini-Split, Heat Pump(s)
Flooring Vinyl, Wood
Equipment Dishwasher, Dryer - Electric, Oven/Range - Electric, Refrigerator, Washer
Fireplace N
Window Features Double Pane
Appliance Dishwasher, Dryer - Electric, Oven/Range - Electric, Refrigerator, Washer
Heat Source Electric
Exterior
Utilities Available Other
Waterfront N
Water Access N
View Street
Roof Type Asphalt
Accessibility Other
Parking Type On Street
Garage N
Building
Lot Description Corner, Landscaping, Rear Yard
Foundation Crawl Space, Block, Permanent, Pillar/Post/Pier
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
Structure Type Dry Wall
New Construction N
Schools
School District Kent County Public Schools
Others
Tax ID 1504009088
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Julie H SANTOBONI • Cross Street Realtors LLC