Promise Land Realty
Aug 1, 20201 min
Updated: Apr 28, 2023
Multifamily Investment Opportunity
Acquisition Price:
Great investment opportunity for any multifamily investor. This property is a 10 unit apartment building with 100% occupancy. Main Street Apartments, located in Cecil County, Elkton, Maryland, is a 10-unit residential apartment building zoned residential/commercial.
Everything is up to date except for the roof which was recently quoted between $6k - $11k. The property has active security cameras and a locked entrance. 72 new windows replaced within the past 5 years. Unit Breakdown: Two- 2BR 1 BA and, Eight- 1BR 1BA apartments. All units have ovens and refrigerators only. There is a 20x22 garage on the rear of the property for maintenance with electric only. This could be rented for additional income. ($500+/-) There is also a 12x12 storage shed near the garage. There are 15 parking spots. Street front parking is available without parking meters.
TAKE A LOOK AT THE PHOTOS:
https://www.dropbox.com/sh/v7hym97c3mngub8/AADHvB-kz9luTjxUN6jeP7zXa?dl=0
CLICK HERE FOR LEASE INFO: https://www.dropbox.com/s/64uu9ka4ei6158g/MSA%20LLC%20Leases.pdf?dl=0
CLICK HERE FOR EXPENSE REPORTS:
https://www.dropbox.com/s/qbvhdxb19mlka9t/MainSt-ExpenseReport.xls?dl=0
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PROMISE LAND REALTY, LLC
Work: 313-307-6616
sarter@promiselandrealtyllc.com