Listing provided by: Donald Feazell, Garceau Realty
424 Harford St
Perryville, MD 21903
$555,000
Sold
Overview
Excellent Passive investment property at a 7% cap rate. Mint condition 4 unit apartment building on a Cul-de-sac street in Downtown Perryville. Fully leased with yearly leases and renewals. Total annual rental income of $54,900/year. All tenants are paid up and current on their rent throughout Covid. All 4 units are 2 bedroom units with full kitchens, bathrooms, full size washer and dryers, Electric central heating and AC. All 4 units have been fully remodeled between 2018 and 2021 with vinyl waterproof plank flooring or carpet, new paint, updated bathrooms and kitchens. There will be extremely low maintenance costs on this building moving forward for new ownership. Tenants pay for their own electric, cable, and snow removal. Landlord pays for water, sewer, lawn, and (trash --covered in city taxes). Rent roll and financial breakdown available in documents section. 30 year fixed residential financing available for this type of property at historically low interest rates. Proof of funds required prior to showings. Do not walk on premises or disturb tenants!
...
Beds
Full Baths
3,032 ft2
0.43 acre lot
Details
General
Stories
Bedrooms
Bathrooms
full, partial
Square footage
3,032 sq. ft.
Lot size
0.43 acre lot
Pool
No
Year built
1987
Other
Type
Multi-family
Listing information
MLS #
MDCC2003092
APN
Listing provided by
Donald Feazell, Garceau Realty
Status
Sold
Location
Neighborhood
County
CECIL
424 Harford St, Perryville, MD 21903
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