39.41153 -77.4124

108, 110, 112 ICE ST Frederick, MD 21701

271583986 39.41153 -77.4124 230 /listing/271583986-150485764/108-110-112-ice-st-frederick-md-21701 False 0 370000.0 2436 104 MDFR264488 False
  • $370,000
  • 2,436 sqft
  • 0.06 lot
  • Est payment $1986.24/mo

Property & Neighborhood Info

Courtesy Of Real Estate Teams, LLC

Condo/Townhome in FREDERICK

3 Unit brick building all on one deed. Great investment opportunity. Rent out all three or live in one and rent the other two! Each unit has 1 bedroom, 1 bath, separate living and dining rooms, and den/office. Rubber roof is only 5 years old. Units separately metered (water and electric). Tenants pay all utilities. Landlord pays real estate taxes and insurance. When fully leased, rental income is $3,075/ month or $36,900/ year. Annual expenses are roughly $6,400/ year (including avg. budget of $1.200 for repairs). NOI = $30,500. Cap Rate = 8.2%. All numbers based on self management. Lead Certs available for all units. Units 110 and 112 can be viewed in person without 24 hour notice. Due to COVID precautionary measures, unit 108 will only be available for virtual tours. Please do not disturb tenant in unit 108. Property was fully leased until very recent when owners decided to renovate units 110 and 112. Property being sold AS-IS.

Courtesy Of Real Estate Teams, LLC
  1. 2,436 Sq. Ft.
  2. 0.06 Lot

Main Features

  • Listing Status: Contract Pending
  • Year Built: 1860
  • School District: FREDERICK COUNTY PUBLIC SCHOOLS
  • County: Frederick County
  • Taxes: $4,183.00
  • Tax Year: 2019
  • Units: 3
  • MLS Number:MDFR264488

Additional Features

  • Road Maintenance:
    • City/County
  • Road Surface:
    • Black Top
  • Roof:
    • Metal
  • Sewer:
    • Public Sewer
  • Spa:
    • No
  • View:
    • Street
  • Water Access:
    • No
  • Water Heater:
    • Electric
  • Water Source:
    • Public
  • Waterfront:
    • No
  • # of Rooms:
    • 0
  • Assessment Year:
    • 2020
  • Cap Rate:
    • 8.20
  • Gross Income:
    • 36900.00
  • Insurance Exp:
    • 1000.00
  • List Type (Exclusive):
    • Exclusive Right
  • Maintenance Exp:
    • 1200.00
  • MLSSystem ID:
    • BRIGHT
  • Net Operating Income:
    • 30500.00
  • Operating Expense:
    • 6400.00
  • Price Per SQFT:
    • 151.89
  • Unit 1 Bed Total Units:
    • 3
  • Air Conditioning:
    • No
  • Appliances:
    • Oven/Range - Electric
    • Refrigerator
  • Common Walls:
    • Brick
    • Dry Wall
  • Cooling:
    • Window Unit(s)
  • Cooling Fuel:
    • Electric
  • Doors/Windows:
    • Storm
  • Expenses Include:
    • Insurance
    • Trash
  • Exterior Features:
    • Sidewalks
  • Financing:
    • Cash
    • Conventional
    • FHA
    • VA
  • Fireplace Y/N:
    • No
  • Flooring:
    • Carpet
    • Ceramic Tile
    • Laminated
    • Vinyl
  • Foundation:
    • Stone
  • Gross Income Includes:
    • Apartment Rentals
  • Heating:
    • Baseboard - Electric
  • Heating Fuel:
    • Electric
  • Historic YN:
    • No
  • Interior Features:
    • Carpet
    • Ceiling Fan(s)
    • Dining Area
    • Floor Plan - Traditional
    • Tub Shower
  • Location:
    • Middle Of Block
  • New Construction:
    • No
  • Owner Pays:
    • Management
    • Repairs
    • Reserves for Replacement
    • Taxes - Real Estate
    • Trash Collection
  • Possession:
    • Immediate
    • Negotiable
  • Rental Features:
    • No
Neighborhood info courtesy of Homes.com © 2020

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Floretta Davis-Tucker
Floretta Davis-Tucker
Realtor, Lead of Team Flo D
16701 Melford Blvd. Suite 100 Bowie MD 20715
39.41153 -77.4124

108, 110, 112 ICE ST Frederick, MD 21701

271583986 39.41153 -77.4124 230 /listing/271583986-150485764/108-110-112-ice-st-frederick-md-21701 False 0 370000.0 2436 104 MDFR264488 False
  • $370,000
  • 2,436 sqft
  • 0.06 lot
  • Est payment $1986.24/mo