NEW! Buy and sell safely with virtual options - Learn More
About the Listing MART27 - 3278275
Alert Investors!!!! Come research this FULLY leased, 3 floor, 12-unit apartment building with additional acreage for additional expansion. This project has a long historical track record of proved success with projected yearly gross income of $140K. Landlord pays for water and sewer, trash, exterior electricity for exterior lighting and common areas, taxes, insurance, and lawn care/parking lot. Each unit is separately metered for electricity, which is billed to the tenants directly from Delmarva Power. Each unit contains 2 bedrooms, 1.5 baths, a full kitchen, which is equipped with a stove, refrigerator, and dishwasher. Each unit has an open floorplan which kitchens that open directly to the family rooms. While cooling is provided by electric heat pumps, heating is provided by an electric furnace (forced air). Eight (8) of the twelve (12) units have had their Heating and Air components replaced with new equipment within the last two years. The equipment to replace the other 4 units has been purchased and conveys upon sale. The building has been certified as Lead-free, and the MDE certificate can be provided. Perfect project for 1031 funds!!
Listing Highlights for 805 E East St
Status
Active
Days on Site
5
Property Type
Commercial Sale
MLS ®
MDWC2025404
Year Built
1974
Total Square Footage
12,348
Lot/Acreage
3
Interior Details
- Appliances:
- Air Cond: Central A/C
- Heating: 90% Forced Air
- Fireplaces:
- Floor: Carpet,Laminated,Vinyl
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Cleared,No Thru Street,Not New Construction,Horse Property: No,In City Limits
- Garage Capacity: N/A
- Parking Spaces: 30
- Zoning: R2
- Roof: Asbestos Shingle
- Others:
- Sewer: Public Sewer,Public Septic
- Parking Features: Lighted Parking,Paved Parking,Private,Unassigned,Parking Lot,4+ Spaces,3+ Spaces,2+ Spaces,1+ Spaces
Financial Details
- Tax Amount: $8,687
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2026
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Listing Location
Questions About..
805 E East St Delmar, MD 21875
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of -
