1121 Colora Rd Colora, MD 21917

Listing Details

• Property Type: Multi-Family
• Property Sub Type: Triplex
• Structure Type: Detached
• Architectural Style: Farmhouse/National Folk
• Accessibility Features: 2+ Access Exits, Level Entry - Main
• Ownership: Fee Simple
• Historic: No
• New Construction: No
• Expected On Market: 2022-02-15
• Year Built: 1870
• Automatically Close On Close Date: No
• Remarks Public: Motivated Seller offers this unique triplex in Colora Maryland is one of a kind. With a cap rate of 12% and current monthly rents being $3,440 with the potential to increase that to $4,010 this property is any investor's dream. Apt. 101 - Right unit, is two stories and roughly about 1,500 square feet. This apartment has 3 bedrooms, a spacious living room, family room, an enclosed porch, 2 full newly renovated bathrooms, and a renovated kitchen. New laminate flooring throughout. New central air. And a laundry room with a stackable washer and dryer. Current tenants have been here for over 2 years and they're paying $1,380 a month. Apt. 102 - Left unit, is two stories and roughly about 1,500 square feet. This apartment has 3 bedrooms and 1.5 bathrooms. New laminate flooring throughout, and access to the side yard. This unit has baseboard heating and the tenants supply window units. And a laundry room with a washer and dryer. Current tenant has been in place for a few months and pays $1,380 a month. Apt. 103 - Entire 3rd floor with private access from the back of the house is roughly about 1,150 square feet. This 3 bedroom and 1 bathroom apartment needs a complete renovation. Current tenants have lived there for 4+ years and pay $680 a month. They will be vacating April 1st. The potential rent is around $1,250 per month. Owner pays $390 per month to pump the holding tanks, and currently $150 per month for Trash. The new Buyer can easily make any new tenants pay for their own trash to avoid that monthly expense. House is on well water AND taxes are only $1,701!
• Special Features: None

Interior Features

• Foundation Details: Stone
• Room Count: 22
• Basement: Yes
• Total Sq Ft: 5174
• Living Area Sq Ft: 4070
• Price Per Sq Ft: 77.40
• Above Grade Finished Sq Ft: 4070
• Below Grade Sq Ft: 1104
• Total Below Grade Sq Ft: 1104
• Above Grade Finished Area Units: Square Feet
• Street Number Modifier: 1121

Exterior Features

• Other Structures: Above Grade, Below Grade
• Construction Materials: Shingle Siding
• Exterior Features: Stone Retaining Walls
• Roof: Asphalt
• Spa: No
• Water Access: No
• Waterfront: No
• Water Oriented: No
• Pool: No Pool
• Tidal Water: No
• Water View: No

Garage/Parking

• Garage: No
• Type Of Parking: Driveway, Off Street, On Street

Utilities

• Central Air Conditioning: Yes
• Cooling Type: Central A/C
• Electric Service: 200+ Amp Service
• Heating Fuel: Electric
• Heating Type: Baseboard - Electric
• Heating: Yes
• Hot Water: Electric
• Security: Non-Monitored
• Sewer/Septic System: Holding Tank
• Water Source: Well

Condo/Co-op/Association

• Association Recreation Fee: No

Schools

• School District: CECIL COUNTY PUBLIC SCHOOLS
• Elementary School: BAINBRIDGE
• Middle School: PERRYVILLE
• High School: PERRYVILLE
• Elementary School Source: Listing Agent
• Middle School Source: Listing Agent
• School District Key: 121139799812
• School District Source: Listing Agent
• Elementary School: BAINBRIDGE
• High School: PERRYVILLE
• Middle Or Junior School: PERRYVILLE

Green Features

• Clean Green Assessed: No

Lot Info

• Improvement Assessed Value: 84800.00
• Land Assessed Value: 47600.00
• Land Use Code: R
• Lot Size Acres: 0.31
• Lot Size Units: Square Feet
• Lot Sq Ft: 13503.00
• Outdoor Living Structures: Patio(s), Porch(es)
• Soil Types: Rocky, Topsoilovrot
• Year Assessed: 2021
• Zoning: VR
• In City Limits: No

Rental Info

• Vacation Rental: No

Tax Info

• Assessor Parcel Number: 4471654
• Tax Annual Amount: 1701.00
• Assessor Parcel Number: 0806017924
• Tax Page Number: 00338
• Tax Total Finished Sq Ft: 4070
• County Tax Payment Frequency: Annually
• Tax Year: 2021
• Close Date: 05/18/2022

Multi Family

• Other Units: Unit 1,Unit 2,Unit 3

MLS Schools

• School District Name: CECIL COUNTY PUBLIC SCHOOLS