Seller's Agent in 2020
Rich Ropp
Real Estate Teams, LLC
(301) 748-1757
89 Total Sales
110 Ice St Frederick, MD 21701
Downtown Frederick Neighborhood
Studio
--
Bath
2,436
Sq Ft
2,614
Sq Ft Lot
Highlights
- Traditional Floor Plan
- No HOA
- Bathtub with Shower
- Traditional Architecture
- Window Unit Cooling System
- 2-minute walk to City of Frederick Dog Park
About This Home
As of September 20203 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
(301) 695-3020 info@realestateteams.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
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Home Values in the Area
Average Home Value in this Area
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
Agents Affiliated with this Home
-
Rich Ropp
-
N
Buyer's Agent in 2020
Non Member Member
Metropolitan Regional Information Systems
Map
Source: Bright MLS
MLS Number: MDFR264488
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