Investment opportunity in the heart of Middleton! This fourplex offers an ideal combination of convenience, comfort, and potential for substantial returns. Situated in close proximity to the amenities of Middleton and the bustling Community College, this property is strategically located for both tenants and investors alike. Whether you're looking to expand your real estate portfolio or generate passive income, this fourplex presents an enticing prospect. The recent renovations include newly replaced siding and roof shingles, ensuring enhanced durability and curb appeal for years to come. This significant update not only adds value to the property but also minimizes maintenance costs, making it an attractive option for savvy investors. Each unit within the fourplex consists of two bedrooms and one bathroom with functional layouts, these units offer comfortable living environments for tenants, further enhancing the property's appeal. All 4 units will be rented as of June 1 for $800 each.
Listing Sub-Area:
Annapolis County
Property Type:
Multi-Family
Multi-Family Type:
Fourplex
Title To Land:
Freehold
Building Dimenions:
54x32
Outside Dimenions:
54x32
Lot Size:
19,998 sq. ft.1,858 m2
Prop Size:
Under 0.5 Acres
Commercial / Retail Space:
No
# of Rental Units / Occupied:
4
Exterior Finish:
Vinyl
Foundation:
Concrete
New Constr.:
No
Basement:
Full, Fully Developed
Floor Finish:
Carpet, Concrete, Hardwood, Laminate
Roof:
Asphalt Shingle
Heating:
Baseboard
Fuel:
Electric
Parking:
Yes
Parking Description:
4 spaces
Driveway:
Gravel, Parking Spaces(s)
Water Supply:
Municipal
Water And Sewage:
1200
Sewer:
Municipal
Num Units:
4
Num 2 Bed Units:
4
# Of Fridges:
4
# Of Stoves:
4
Rental Income:
Yes, 35700
Approx. Net Income:
28328
Insurance Expense:
2760
Taxes Costs:
3712
Approx. Total Expense:
10072
Fridges x4, Stoves x4
Park, Playground, Public Transit, Recreation Center, School Bus Service, Shopping, Place of Worship