NOT LISTED FOR SALE

110 Ice St Frederick, MD 21701

Downtown Frederick Neighborhood
Studio
-- Bath
2,436 Sq Ft
2,688 Sq Ft Lot

Last Sold September 04, 2020

Last sale price $360,000 $148 Per Sq Ft

9 Days on Market

Highlights

  • Traditional Floor Plan
  • No HOA
  • Ceramic Tile Flooring
  • Traditional Architecture
  • Bathtub with Shower
  • 2-minute walk to City of Frederick Dog Park

About This Home

As of September 2020

3 Unit brick building all on one deed. Great investment opportunity. Rent out all three or live in one and rent the other two! Each unit has 1 bedroom, 1 bath, separate living and dining rooms, and den/office. Rubber roof is only 5 years old. Units separately metered (water and electric). Tenants pay all utilities. Landlord pays real estate taxes and insurance. When fully leased, rental income is $3,075/ month or $36,900/ year. Annual expenses are roughly $6,400/ year (including avg. budget of $1.200 for repairs). NOI = $30,500. Cap Rate = 8.2%. All numbers based on self management. Lead Certs available for all units. Units 110 and 112 can be viewed in person without 24 hour notice. Due to COVID precautionary measures, unit 108 will only be available for virtual tours. Please do not disturb tenant in unit 108. Property was fully leased until very recent when owners decided to renovate units 110 and 112. Property being sold AS-IS.

Last Agent to Sell the Property

Rich Ropp

(301) 748-1757 rich@ropprealestate.com Real Estate Teams, LLC License #597366 Listed on: 06/04/2020

Last Buyer's Agent

Non Member Member

beta@mris.net Metropolitan Regional Information Systems, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,183

Year Built

  • Built in 1860

Lot Details

  • 2,688 Sq Ft Lot
  • Infill Lot
  • Property is in good condition

Home Design

  • Triplex
  • Traditional Architecture
  • Brick Exterior Construction
  • Stone Foundation
  • Metal Roof
  • Stone Siding

Interior Spaces

  • Bathtub with Shower
  • 2,436 Sq Ft Home
  • Traditional Floor Plan
  • Brick Wall or Ceiling
  • Ceiling Fan
  • Dining Area
  • Storm Doors
  • Electric Oven or Range

Flooring

  • Carpet
  • Laminate
  • Ceramic Tile
  • Vinyl

Basement

  • Connecting Stairway
  • Dirt Floor

Utilities

  • Window Unit Cooling System
  • Electric Baseboard Heater
  • Electric Water Heater
  • Municipal Trash

Listing and Financial Details

  • The owner pays for management, repairs, reserves for replacement, real estate taxes, trash collection
  • Tax Lot 1
  • Assessor Parcel Number 1102114240

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 2 Vacant Units
  • Income includes apartment rentals
  • Insurance Expense $1,000
  • Maintenance Expense $1,200
  • Operating Expense $6,400
  • Gross Income $36,900
  • Net Operating Income $30,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,183

Year Built

Built in 1860

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Historic: No
  • Home Warranty: No
  • New Construction: No
  • Expected On Market: 2020-06-04
  • Year Built: 1860
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Special Features: None

Interior Features

  • Appliances: Oven/Range - Electric, Refrigerator
  • Flooring Type: Carpet, Ceramic Tile, Laminated, Vinyl
  • Interior Amenities: Carpet, Ceiling Fan(s), Dining Area, Floor Plan - Traditional, Tub Shower
  • Fireplace: No
  • Door Features: Storm
  • Wall Ceiling Types: Brick, Dry Wall
  • Foundation Details: Stone
  • Basement: Yes
  • Basement Type: Dirt Floor, Connecting Stairway
  • Total Sq Ft: 2436
  • Living Area Sq Ft: 2436
  • Price Per Sq Ft: 151.89
  • Above Grade Finished Sq Ft: 2436
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick, Stone
  • Exterior Features: Sidewalks
  • Road Surface Type: Black Top
  • Roof: Metal
  • Spa: No
  • View: Street
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Refuse: 264.00
  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • HOA: No
  • Association Recreation Fee: No

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 188900.00
  • Land Assessed Value: 130000.00
  • Lot Size Acres: 0.06
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2688.00
  • Property Condition: Good
  • Zoning: DR
  • In City Limits: Yes

Rental Info

  • Existing Lease Type: Month To Month
  • Ground Rent Exists: No
  • Number Of Units Month To Month: 1
  • Owner Pays: Management, Repairs, Reserves For Replacement, Taxes - Real Estate, Trash Collection
  • Rent Control: No
  • Units Leased Count: 1
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 11510492
  • Tax Annual Amount: 4183.00
  • Assessor Parcel Number: 1102114240
  • Tax Lot: 1
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019

Multi Family

  • Number Of Units Vacant: 2
  • Gross Income: 36900.00
  • Gross Scheduled Income: 36900.00
  • Income Includes: Apartment Rentals
  • Operating Expense: 6400.00
  • Vacancy Allowance Rate: 66.00

MLS Schools

  • School District Name: FREDERICK COUNTY PUBLIC SCHOOLS

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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List Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/04/2020 09/04/20 Sold $360,000 -2.7% $148 / Sq Ft
07/10/2020 07/10/20 For Sale $370,000 0.0% $152 / Sq Ft
06/14/2020 06/14/20 Pending -- -- --
06/04/2020 06/04/20 For Sale $370,000 -- $152 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Rich Ropp

    Seller's Agent in 2020

    Rich Ropp

    Real Estate Teams, LLC

    (301) 748-1757

    94 Total Sales

    Rich Ropp
    Section Image

  • N

    Buyer's Agent in 2020

    Non Member Member

    Metropolitan Regional Information Systems

See All Agents

Map

Source: Bright MLS

MLS Number: MDFR264488

Bright MLS
Maryland Frederick County Frederick 21701 Downtown Frederick

110 Ice St, Frederick, MD

Not Listed for Sale

MultiFamily

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