424 Harford St, Perryville, MD 21903

$575,000
3,032
SqFt
List Price
$575,000
Days on Market
5
Status
ACTIVE
MLS#
MDCC2003092
Living Area
3,032
Lot Size (Acres)
0.43
Style
Other
Year Built
1987
County
Cecil
School District
Cecil County Public Schools

Property Description

Excellent Passive investment property at a 7% cap rate. Mint condition 4 unit apartment building on a Cul-de-sac street in Downtown Perryville. Fully leased with yearly leases and renewals. Total annual rental income of $54,900/year. All tenants are paid up and current on their rent throughout Covid. All 4 units are 2 bedroom units with full kitchens, bathrooms, full size washer and dryers, Electric central heating and AC. All 4 units have been fully remodeled between 2018 and 2021 with vinyl waterproof plank flooring or carpet, new paint, updated bathrooms and kitchens. There will be extremely low maintenance costs on this building moving forward for new ownership. Tenants pay for their own electric, cable, and snow removal. Landlord pays for water, sewer, lawn, and (trash --covered in city taxes). Rent roll and financial breakdown available in documents section. 30 year fixed residential financing available for this type of property at historically low interest rates. Proof of funds required prior to showings. Do not walk on premises or disturb tenants!

Additional Information

Taxes
$4759
Stories
2
School District
Cecil County Public Schools
Heating
Heat Pump(s)
Heating Fuel
Electric
Cooling
Central A/C
Water
Public
Sewer
Public Sewer

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Garceau Realty.