Features & Amenities

Interior

  • Other Interior Features

    Eat-in Kitchen, Ceiling Fan(s)

  • Total Bedrooms

    4

  • Bathrooms

    4

  • Above Grade Finished Area

    2544.0

  • Basement YN

    YES

  • Cooling YN

    YES

  • Cooling

    Ceiling Fan(s), Window Unit(s)

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Exhaust Fan, Baseboard, Electric

  • Main Level Bedrooms

    2

Exterior

  • Garage

    No

  • Construction Materials

    Frame

  • Parking

    On Street

  • Pool

    No

  • Waterfront YN

    NO

  • View

    Street

Area & Lot

  • Lot Features

    Cleared, Level

  • Lot Size(acres)

    0.08

  • Property Type

    Residential

  • Property Sub Type

    Single Family Residence

  • Architectural Style

    Transitional

Price

  • Sales Price

    $625,000

  • Tax Amount

    6957.0

  • Sq. Footage

    2, 544

  • Price/SqFt

    $245

HOA

  • Association

    NO

School District

  • Elementary School

    LINCOLN

  • Middle School

    WEST FREDERICK

  • High School

    FREDERICK

Property Features

  • Stories

    3

  • Foundation Details

    Stone, Block

  • Senior Community YN

    NO

  • Sewer

    Public Sewer

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Location

County

FREDERICK

Elementary School

LINCOLN

Middle School

WEST FREDERICK

High School

FREDERICK

Listing Courtesy of Manyi M Rehm , RE/MAX Realty Group

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This property boasts a fully leased, updated, and renovated 4-unit apartment building, offering the potential to occupy one unit while generating income from the others.  Each apartment is individually metered in this all-electric property, with tenants responsible for all utilities except water/sewer. The building comprises two one-bedroom apartments on each floor, each featuring shaded front and rear porches. The basement is dry and unfinished, providing internal access and housing four hot water heaters. There are window A/C units for each apartment. Current lead certificates and executed leases are on file for each unit.  Constructed with low-maintenance block materials. Each unit can obtain one free parking permit to park in the street in front of the building. A narrow 'Pony Way' or alley on the east side provides access to the rear garden.   Conveniently located near the MARC Rail Station, Carroll Creek Promenade, restaurants, galleries, and shopping, the property is meticulously maintained and managed by the current owner.
The property generates $59,500 in total annual income in 2023 and $62,400 in 2024, with expenses, including taxes, insurance, water/sewer, lead inspection (only required upon change of tenants), and normal maintenance totaling approximately $ 12,400 annually, resulting in a net operating income of $50,000.  With fewer than 5 units, financing does not necessitate a burdensome commercial loan.  This property is also listed under Multi-Family - MLS#  MDFR2046172

154 ALL SAINTS THRU 156 STREET 156

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