$1,000,000
SOLD OCT 18, 2024 RENTED JAN 15, 2025
-- Bed
-- Bath
4,886 Sq Ft
0.29 Acres

Recently Sold

$205 Per Sq Ft

11% Above List Price

3 Days on Market

Highlights

  • 0.29 Acre Lot
  • Colonial Architecture
  • 1 Fireplace
  • North Frederick Elementary School Rated A-
  • Wood Flooring
  • Wood Frame Window

About This Home

As of October 2024

SELLER HAS SET A DEADLINE FOR OFFERS OF WEDNESDAY AUGUST 28, 2024. SELLER RESERVES THE RIGHT TO ACCEPT AN OFFER PRIOR TO THE DEADLINE.
This is a fantastic investment opportunity in the white hot East End of Frederick! This 7 unit apartment building is close to the YMCA, restaurants, breweries, distilleries and all of the delights of Downtown Frederick. Minutes from Wegmans, the shops at Clemson's Corner, schools and all the major commuter routes. Fully leased.
Apartment 1 (first floor): Opens to a living room with a bay window. A hallway from the living room provides access to a bathroom, bedroom with a bay window, and an eat-in kitchen. An enclosed porch/storage area is adjacent to the kitchen and provides access to the basement and a separate exterior entrance at the rear of the unit. This unit has been updated primarily in the kitchen and bathroom. The bathroom has a sink, tub/shower, and toilet. The kitchen has an electric stove, refrigerator/freezer, and new cabinets with a laminated countertop and ceramic sink and a washer and dryer.
Apartment 2 (second floor): This unit has a living room, one bedroom, a kitchen, and bathroom and has been updated. The bathroom has a tub, toilet, and sink with cabinet. The kitchen has metal and wood cabinets and older appliances (stove and refrigerator). This unit has a washer and dryer.
Apartment 5 (second floor): Opens to a living room with a door to a “fire escape” set of stairs. The bedroom adjoins the south side of the living room. A bathroom is on the opposite side of the living room. An eat-in kitchen is adjacent to the living room and bathroom. The bathroom has a sink, tub/shower, and toilet. The kitchen has an electric stove, refrigerator/freezer, and wood cabinets with a laminated countertop and double bowl stainless steel sink.
Apartments 3, 4 and 6: The units have an identical layout to Unit 5 with the exception that Units 3 and 4 are first floor units. Units 3 and 6 have not been renovated.
Apartment 7: Opens to a living room with a fireplace and one-half bath. An eat-in kitchen is adjacent to half bath and living area. An open staircase is along the rear wall of the living area and leads to a second floor. The second floor has two bedrooms and full bathroom. The half bath on the first level contains a sink and toilet. The kitchen has an electric stove, refrigerator/freezer, and wood cabinets with a laminated countertop and double bowl stainless steel sink. A closet in the kitchen has a stackable washer and dryer unit. The second floor bathroom has a sink with vanity cabinet, toilet and tub/shower.
Schedule 8825s (Schedule Es) are available in Documents.
Schedule showings through Showing Time. There is one vacant unit that is very representative of the others. This unit is available to be shown as a Show and Go. The others will be made available after we are under contract for Inspection Day. Leases will be provided after we are under contract. Schedule 8825s (Schedule Es) are available in Documents.

Last Agent to Sell the Property

Barry Weller

Barry Weller Properties, LLC License #6612 Listed on: 08/23/2024

Last Buyer's Agent

Rose Bartz

Keller Williams Realty Centre License #100355

Keller Williams Realty Centre

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,048

Year Built

  • Built in 1920 | Remodeled in 1975

Lot Details

  • 0.29 Acre Lot
  • Property is in good condition

Home Design

  • Colonial Architecture
  • Block Foundation
  • Plaster Walls
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 1 Fireplace
  • Double Hung Windows
  • Wood Frame Window
  • Unfinished Basement
  • Interior Basement Entry
  • Stove

Flooring

  • Wood
  • Carpet
  • Luxury Vinyl Plank Tile

Parking

  • 7 Open Parking Spaces
  • 7 Parking Spaces
  • On-Street Parking
  • Parking Lot

Outdoor Features

  • Outbuilding
  • Porch

Schools

  • North Frederick Elementary School
  • Gov. Thomas Johnson Middle School
  • Gov. Thomas Johnson High School

Utilities

  • Ductless Heating Or Cooling System
  • Electric Baseboard Heater
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 1102069857

Community Details

Overview

  • 4 Units
  • 2-Story Building

Building Details

  • Rent Control
  • Income includes apartment rentals

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,048

Year Built

Built in 1920 | Remodeled in 1975

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Exclusions: See disclosure
  • Inclusions: See disclosure
  • New Construction: No
  • Expected On Market: 2024-08-24
  • Year Built: 1920
  • Year Renovated: 1975
  • Automatically Close On Close Date: No
  • Remarks Public: SELLER HAS SET A DEADLINE FOR OFFERS OF WEDNESDAY AUGUST 28, 2024. SELLER RESERVES THE RIGHT TO ACCEPT AN OFFER PRIOR TO THE DEADLINE. This is a fantastic investment opportunity in the white hot East End of Frederick! This 7 unit apartment building is close to the YMCA, restaurants, breweries, distilleries and all of the delights of Downtown Frederick. Minutes from Wegmans, the shops at Clemson's Corner, schools and all the major commuter routes. Fully leased. Apartment 1 (first floor): Opens to a living room with a bay window. A hallway from the living room provides access to a bathroom, bedroom with a bay window, and an eat-in kitchen. An enclosed porch/storage area is adjacent to the kitchen and provides access to the basement and a separate exterior entrance at the rear of the unit. This unit has been updated primarily in the kitchen and bathroom. The bathroom has a sink, tub/shower, and toilet. The kitchen has an electric stove, refrigerator/freezer, and new cabinets with a laminated countertop and ceramic sink and a washer and dryer. Apartment 2 (second floor): This unit has a living room, one bedroom, a kitchen, and bathroom and has been updated. The bathroom has a tub, toilet, and sink with cabinet. The kitchen has metal and wood cabinets and older appliances (stove and refrigerator). This unit has a washer and dryer. Apartment 5 (second floor): Opens to a living room with a door to a “fire escape” set of stairs. The bedroom adjoins the south side of the living room. A bathroom is on the opposite side of the living room. An eat-in kitchen is adjacent to the living room and bathroom. The bathroom has a sink, tub/shower, and toilet. The kitchen has an electric stove, refrigerator/freezer, and wood cabinets with a laminated countertop and double bowl stainless steel sink. Apartments 3, 4 and 6: The units have an identical layout to Unit 5 with the exception that Units 3 and 4 are first floor units. Units 3 and 6 have not been renovated. Apartment 7: Opens to a living room with a fireplace and one-half bath. An eat-in kitchen is adjacent to half bath and living area. An open staircase is along the rear wall of the living area and leads to a second floor. The second floor has two bedrooms and full bathroom. The half bath on the first level contains a sink and toilet. The kitchen has an electric stove, refrigerator/freezer, and wood cabinets with a laminated countertop and double bowl stainless steel sink. A closet in the kitchen has a stackable washer and dryer unit. The second floor bathroom has a sink with vanity cabinet, toilet and tub/shower. Schedule 8825s (Schedule Es) are available in Documents. Schedule showings through Showing Time. There is one vacant unit that is very representative of the others. This unit is available to be shown as a Show and Go. The others will be made available after we are under contract for Inspection Day. Leases will be provided after we are under contract. Schedule 8825s (Schedule Es) are available in Documents.
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Stove, Refrigerator, Water Heater
  • Flooring Type: Vinyl, Carpet, Hardwood, Luxury Vinyl Plank
  • Interior Amenities: Carpet, Wood Floors
  • Window Features: Double Hung, Wood Frame
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Wall Ceiling Types: Dry Wall, Plaster Walls
  • Foundation Details: Block
  • Basement: Yes
  • Basement Type: Unfinished, Interior Access
  • Total Sq Ft: 5530
  • Living Area Sq Ft: 4886
  • Price Per Sq Ft: 184.20
  • Above Grade Finished Sq Ft: 4886
  • Below Grade Sq Ft: 644
  • Total Below Grade Sq Ft: 644
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 114

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Garage(s)
  • Construction Materials: Vinyl Siding
  • Exterior Features: Outbuilding(s)
  • 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
  • Parking Features: Asphalt Driveway
  • Total Garage And Parking Spaces: 7
  • Type Of Parking: Parking Lot, On Street
  • Parking Lot Number Of Spaces: 7

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Ductless/Mini-Split
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Recreation Fee: No

Schools

  • School District: FREDERICK COUNTY PUBLIC SCHOOLS
  • Elementary School: NORTH FREDERICK
  • Middle School: GOV. THOMAS JOHNSON
  • High School: GOV. THOMAS JOHNSON
  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 121139693024
  • School District Source: Listing Agent
  • Elementary School: NORTH FREDERICK
  • High School: GOV. THOMAS JOHNSON
  • Middle Or Junior School: GOV. THOMAS JOHNSON

Lot Info

  • Land Use Code: C
  • Lot Size Acres: 0.29
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 12815.00
  • Outdoor Living Structures: Porch(es)
  • Property Condition: Good
  • Year Assessed: 2024
  • Zoning: R8
  • In City Limits: Yes

Rental Info

  • Ground Rent Exists: No
  • Number Of Units Month To Month: 1
  • Rent Control: Yes
  • Total Actual Rent: 87180.00
  • Units Leased Count: 7
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 11048.00
  • Assessor Parcel Number: 1102069857
  • Tax Total Finished Sq Ft: 4886
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2024
  • Close Date: 10/18/2024

Multi Family

  • Income Includes: Apartment Rentals
  • Vacancy Allowance Rate: 0.40

MLS Schools

  • School District Name: FREDERICK COUNTY PUBLIC SCHOOLS

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/15/2025 01/15/25 Rented $1,250 0.0% --
01/03/2025 01/03/25 Under Contract -- -- --
12/20/2024 12/20/24 For Rent $1,250 0.0% --
10/18/2024 10/18/24 Sold $1,000,000 +11.1% $205 / Sq Ft
08/27/2024 08/27/24 Pending -- -- --
08/23/2024 08/23/24 For Sale $900,000 -- $184 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: MDFR2052636

Bright MLS

APN: 02-069857