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154 ALL SAINTS THRU 156 STREET 156
FREDERICK , MD 21701
MLS#: MDFR2046786
$625,000

Property
Beds
4
Full Baths
4
1/2 Baths
None
Year Built
1927
Sq.Footage
2,544
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
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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