$550,000
SOLD AUG 23, 2024
-- Bed
-- Bath
5,772 Sq Ft
3,000 Sq Ft Lot

Recently Sold

$95 Per Sq Ft

19% Below List Price

About This Home

As of August 2024

### Remodeled 8-Unit Apartment Building - High Income Potential

Seize a prime investment opportunity with this fully remodeled 8-unit apartment building, designed to generate substantial income with the potential for future rent increases. Each unit is equipped with separate electric meters and modern amenities, including baseboard heating, individual A/C units, and laminate flooring. The updated kitchens and bathrooms, along with a newer roof, enhance the property's appeal. With low owner expenses—tenants cover their electric bills—this property is a valuable addition to your portfolio. Showings require at least 48 hours' notice.

Last Agent to Sell the Property

Roberto Gonzalez

RG Realty, Inc. License #598229 Listed on: 06/22/2024

Last Buyer's Agent

Carol Strasfeld

Unrepresented Buyer Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,665

Year Built

  • Built in 1957

Lot Details

  • 3,000 Sq Ft Lot

Parking

  • On-Street Parking

Home Design

  • 5,772 Sq Ft Home
  • Frame Construction

Basement

  • Basement Fills Entire Space Under The House
  • Connecting Stairway

Utilities

  • Heating Available
  • Electric Water Heater

Community Details

  • 4 Units

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 2225024451

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,665

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1957
  • Automatically Close On Close Date: No
  • Remarks Public: ### Remodeled 8-Unit Apartment Building - High Income Potential Seize a prime investment opportunity with this fully remodeled 8-unit apartment building, designed to generate substantial income with the potential for future rent increases. Each unit is equipped with separate electric meters and modern amenities, including baseboard heating, individual A/C units, and laminate flooring. The updated kitchens and bathrooms, along with a newer roof, enhance the property's appeal. With low owner expenses—tenants cover their electric bills—this property is a valuable addition to your portfolio. Showings require at least 48 hours' notice.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Basement: Yes
  • Basement Type: Connecting Stairway, Full
  • Total Sq Ft: 5772
  • Living Area Sq Ft: 5772
  • Price Per Sq Ft: 116.94
  • Above Grade Finished Sq Ft: 5772
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 200

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Heating Fuel: Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District: WASHINGTON COUNTY PUBLIC SCHOOLS
  • School District Key: 121138761341
  • School District Source: Listing Agent

Lot Info

  • Land Use Code: M
  • Lot Size Acres: 0.07
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3000.00
  • Year Assessed: 2024
  • Zoning: CCMU
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 4665.00
  • Assessor Parcel Number: 2225024451
  • Tax Lot: 1
  • Tax Total Finished Sq Ft: 5772
  • County Tax Payment Frequency: Annually
  • Tax Year: 2024
  • Close Date: 08/23/2024

Multi Family

  • Single Room Units Count: 1

MLS Schools

  • School District Name: WASHINGTON COUNTY PUBLIC SCHOOLS

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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 Change Sq Ft Price
08/23/2024 08/23/24 Sold $550,000 -18.5% $95 / Sq Ft
06/22/2024 06/22/24 For Sale $675,000 -- $117 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDWA2022756

Bright MLS

APN: 25-024451