Fruitland, MD 21826,203 E MAIN ST
Fruitland, MD 21826,203 E MAIN ST
Fruitland, MD 21826,203 E MAIN ST
$240,000
Est. payment /mo
$259,900
7.7%
Est.Price: ?

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5 Beds
2 Baths
2,480 SqFt
SOLD DATE : 02/23/2024

Key Details

Sold Price $240,000

Property Type Single Family Home

Sub Type Detached

Listing Status Sold

Purchase Type For Sale

Square Footage 2,480 sqft

Price per Sqft $96

Subdivision None Available

MLS Listing ID MDWC2011612

Sold Date 02/23/24

Style Colonial

Bedrooms 5

Full Baths 2

HOA Y/N N

Abv Grd Liv Area 2,480

Originating Board BRIGHT

Year Built 1935

Annual Tax Amount $1,400

Tax Year 2023

Lot Size 0.378 Acres

Acres 0.38

Lot Dimensions 0.00 x 0.00

Property Description

**Welcome to a Prime Investment Opportunity in the Heart of Fruitland, Maryland! This duplex is strategically located and caters to both seasoned investors and first-time homebuyers eager to offset their mortgage costs through rental income. The duplex comprises two units, with the first boasting a spacious 3-bedroom, 1-bathroom layout, while the second unit offers a cozy 2-bedroom, 1-bathroom space.

*Investors will find this property particularly enticing, offering the flexibility to maximize returns by renting out both units or residing in one while leasing the other. The potential for dual rental income adds a lucrative dimension to your investment strategy, making this duplex a wise addition to your portfolio.

*First-time homebuyers, envision owning a property where your mortgage is partially covered by the rental income from the second unit. This practical approach allows you to step into homeownership seamlessly while enjoying the financial benefits of real estate investment.

*Conveniently located in Fruitland, the duplex provides proximity to local amenities, schools, and parks. Its strategic location not only enhances its appeal to tenants but also positions it for long-term value appreciation as the community continues to grow.

*The duplex's unique configuration ensures broad tenant appeal, attracting families to the 3-bed unit and accommodating smaller households or professionals in the 2-bed unit. This diversity ensures a steady stream of rental revenue for savvy investors.

*What sets this property apart is its commitment to compliance and professional management. Rest assured, it comes with all the proper licenses and permits, offering you a worry-free investment. Currently professionally managed, this duplex provides a hands-off experience for investors, allowing you to enjoy the benefits of ownership without the day-to-day hassles.

*Fruitland's positive growth trajectory adds to the allure of this investment. As the community flourishes, so will the value of your property, providing a foundation for long-term financial stability.*

*Whether you're looking to diversify your investment portfolio or embark on homeownership with a savvy financial approach, this duplex offers an exceptional opportunity. Contact us today to schedule a viewing and explore the endless possibilities that await you in Fruitland, Maryland.

Location

State MD

County Wicomico

Area Wicomico Southeast (23-04)

Zoning R1C

Rooms

Basement Outside Entrance

Main Level Bedrooms 3

Interior

Interior Features Entry Level Bedroom, Ceiling Fan(s), Crown Moldings

Hot Water Electric

Heating Radiator

Cooling Central A/C

Window Features Insulated,Screens

Heat Source Natural Gas

Exterior

Exterior Feature Porch(es)

Utilities Available Natural Gas Available, Electric Available, Sewer Available

Waterfront N

Water Access N

Roof Type Asphalt

Accessibility None

Porch Porch(es)

Road Frontage Public

Parking Type Off Street

Garage N

Building

Lot Description Cleared, Trees/Wooded

Story 2

Foundation Block

Sewer Public Sewer

Water Public

Architectural Style Colonial

Level or Stories 2

Additional Building Above Grade, Below Grade

New Construction N

Schools

High Schools Parkside

School District Wicomico County Public Schools

Others

Senior Community No

Tax ID 2316021385

Ownership Fee Simple

SqFt Source Estimated

Acceptable Financing Conventional, Bank Portfolio, FHA

Listing Terms Conventional, Bank Portfolio, FHA

Financing Conventional,Bank Portfolio,FHA

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Joshua Mast • HomeSource Pro Real Estate
Bought with Joshua Mast • HomeSource Pro Real Estate

Jason Freeby

Real Estate Team Leader

+1(908) 443-1405

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