Brunswick, MD 21716,133 E POTOMAC ST
Brunswick, MD 21716,133 E POTOMAC ST
Brunswick, MD 21716,133 E POTOMAC ST
$450,000
Est. payment /mo
$465,000
3.2%
Est.Price: ?

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3,586 SqFt
SOLD DATE : 07/19/2024

Key Details

Sold Price $450,000

Property Type Multi-Family

Sub Type Triplex

Listing Status Sold

Purchase Type For Sale

Square Footage 3,586 sqft

Price per Sqft $125

MLS Listing ID MDFR2045536

Sold Date 07/19/24

Style Traditional,Other

Abv Grd Liv Area 2,844

Originating Board BRIGHT

Year Built 1900

Annual Tax Amount $3,392

Tax Year 2024

Lot Size 6,250 Sqft

Acres 0.14

Lot Dimensions 50 X 125

Property Description

Great Opportunity for the residential investor with an eye on value added opportunity. This 3-unit building is currently being upgraded to improve the safety of the occupants with an egress from the second floor of the upper levels, for each 3 bedroom, 1 ½ bath unit with a new deck landing and stairs to the grade. Another improvement underway will increase the rentable square footage by approximately 200 sf in the 1 bedroom, 1 bath unit located on the grade level, improving the ability to increase the rental income which has been the same since 2016. The 3 BR units also include off-street parking. All units have clothes washer and dryer within the unit. The building was constructed prior to 1978 although, two of three units (the 3 BR 1 ½ B units) have LEAD-FREE CERTIFICATES meaning no further lead testing requirements. The grade level unit is “to be” lead tested and anticipated to receive the LEAD-FREE CERTIFICATE as well. The month-to-month leases began in 2016 and 2018 and could be increased by the next owner to current market conditions. The one-year lease is also below market considering the renovation of interior that was completed June 2023 just prior to the July 1, 2023, beginning of that one-year lease. Another improvement the Owner is scheduling at this time involves upgrading the water service for the entire building because it was determined to be required by the City of Brunswick when getting a Zoning Certificate for the various improvements being completed at this time.
Now for the Potential Value-added aspect, this property fits into a distance from the train station allowing the request for a Transit Oriented Development (TOD) overlay zone. If approved for the TOD overlay zone, then further construction of mixed-use improvements may be possible to include more residential units and some commercial space.

Location

State MD

County Frederick

Zoning B3

Rooms

Basement Connecting Stairway, Daylight, Partial, Partially Finished, Outside Entrance, Walkout Level

Interior

Hot Water Electric

Heating Heat Pump(s), Heat Pump - Electric BackUp

Cooling Central A/C, Heat Pump(s)

Fireplace N

Heat Source Electric

Exterior

Garage Spaces 4.0

Waterfront N

Water Access N

Accessibility None

Parking Type Off Street, On Street

Total Parking Spaces 4

Garage N

Building

Sewer Public Sewer

Water Public

Architectural Style Traditional, Other

Additional Building Above Grade, Below Grade

New Construction N

Schools

Elementary Schools Brunswick

Middle Schools Brunswick

High Schools Brunswick

School District Frederick County Public Schools

Others

Tax ID 1125469186

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by John D Crum • Still Real Estate Sale or Lease LLC
Bought with John D Crum • Still Real Estate Sale or Lease LLC

Jason Freeby

Real Estate Team Leader

+1(908) 443-1405

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