Seller's Agent in 2025
Ken Phipps
Century 21 New Millennium
(301) 752-3179
6 in this area
50 Total Sales
ATTENTION INVESTORS AND LANDLORDS - Don’t miss out on this rare and unique investment opportunity in Charles County. This multi-dwelling package presents an excellent opportunity to expand your portfolio with four rental units on a single 2.5 acre parcel. The units have had various upgrades during the current ownership and are priced accordingly to condition. The inclusion of washer and dryer in each unit adds convenience and value to both landlords and prospective tenants. Currently all four units are leased and tenant occupied providing immediate cash flow and are professionally managed by property manager. Two of the units are currently in month to month leases with the remaining two in first year leases. The combined current monthly rental income is $5,045. There is no home owners association. The property is located very close to the Indian Head Naval Support Facility and the Stump Neck Naval Annex and offers seasonal water views of the Mattawoman Creek. Easy access to highways for commuting and accessing the local amenities and recreational areas.
Units 5375 and 5377 are a duplex configuration. Unit 5375 is 1 level 1BR 1FB at approx. 850 sq ft (adding closet to extra room could potentially be converted into a second bedroom). Unit 5377 is 1.5 level 1BR 1FB at approx. 900 sq ft (upper loft could potentially be converted into a second bedroom). Unit 5380 is a 2 level 4BR 2.5FB with an exterior entry utility cellar. Unit 5395 is a 1 level 2BR 1FB at approx. 912 sq ft. The rear units (5375, 5377 and 5380) share a common private well and septic system (system septic tanks and field replaced 2019). The front unit (5395) has its own private septic and shares common well with the other units.
Only the front unit (5395) is visible from Hawthorne Road. In order to minimize disturbance to tenants please DO NOT enter property except for during a scheduled showing appointment with the Listing Agent. Property parcel and homes are being sold strictly "As-Is" with cash,hard money,commercial,conventional or other acceptable financing methods. No contract assignments. Seller is offering the current ownership name and LLC in addition to the real property. Serious purchasers only please. Owner requires purchaser proof of funds prior to disturbing tenants with showing appointments.
Last Agent to Sell the Property
(301) 752-3179 kwphipps@gmail.com CENTURY 21 New Millennium License #532258 Listed on: 10/10/2024
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $515,325 | Prime Title Group | |
| Deed | -- | None Available | |
| Deed | -- | None Available | |
| Deed | $300,000 | None Available | |
| Deed | $123,000 | -- |
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $386,494 | New Conventional | |
| Previous Owner | $1,920,000 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $116,850 | No Value Available |
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/24/2025 01/24/25 | Sold | $515,325 | +3.1% | -- |
| 11/06/2024 11/06/24 | Pending | -- | -- | -- |
| 10/10/2024 10/10/24 | For Sale | $499,999 | -- | -- |
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $5,697 | $401,100 | $135,000 | $266,100 |
| 2024 | $5,253 | $369,833 | $0 | $0 |
| 2023 | $4,838 | $338,567 | $0 | $0 |
| 2022 | $4,374 | $307,300 | $135,000 | $172,300 |
| 2021 | $4,352 | $307,300 | $135,000 | $172,300 |
| 2020 | $4,323 | $307,300 | $135,000 | $172,300 |
| 2019 | $4,593 | $315,700 | $135,000 | $180,700 |
| 2018 | $4,025 | $305,633 | $0 | $0 |
| 2017 | $4,137 | $295,567 | $0 | $0 |
| 2016 | -- | $285,500 | $0 | $0 |
| 2015 | $3,972 | $285,600 | $0 | $0 |
| 2014 | $3,972 | $285,600 | $0 | $0 |
Seller's Agent in 2025
Ken Phipps
Century 21 New Millennium
(301) 752-3179
6 in this area
50 Total Sales
J
Buyer's Agent in 2025
John Jeter
Samson Properties
1 in this area
10 Total Sales
Source: Bright MLS
MLS Number: MDCH2036474
APN: 07-022387