100 S Main Street

    GREENSBORO, MD 21639
    • $350,000
    • STATUS: Active
    • ON SITE: 19 days
    • ID#: MDCM103316
    UPDATED: 43 min ago
    $350,000
    • 0
      BEDS
    • 0.06
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,500
      SQFT
    • $100
      $/SQFT
    Type:
    Multi-Family
    Built:
    1850
    County:

    School Ratings & Info

    Description

    Address is 100 S. Main Street. Fully leased, highly visible, and gorgeous 4-unit mixed-use property in Greensboro. Property sits on the high traffic intersection of Sunset and Main in the downtown corridor. 1 unit is commercial, 3 units are residential. The app. 600 sq ft commercial unit was recently entirely redone and is currently leased on a three year lease, with two, one year options. The residential units are an efficiency (recently redone), a one bedroom (also recently redone), and a very large one bedroom upstairs/downstairs unit. There is also a patio for two of the units. All four units are on separate electrical meters. Total square footage is approximately 3,500. At the actual current income of $36k/yr the property equates to a 8.2% cap rate, with solid upside rent increase potential and a very active rental demand market.

    Monthly Payment Calculator

    ©2018 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2018-12-15T23:58:45.143.
    www.darthomes.com/homes/89662633

    100 S Main Street GREENSBORO, MD 21639

    • Price: $350,000
    • Status: Active
    • Updated: 43 min ago
    • ID#: MDCM103316
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.06
    Acres
    3,500
    SQFT
    $100
    $/SQFT
    1850
    Built
    County:
    Caroline
    School District:
    Caroline County Public Schools
    Property Description
    Address is 100 S. Main Street. Fully leased, highly visible, and gorgeous 4-unit mixed-use property in Greensboro. Property sits on the high traffic intersection of Sunset and Main in the downtown corridor. 1 unit is commercial, 3 units are residential. The app. 600 sq ft commercial unit was recently entirely redone and is currently leased on a three year lease, with two, one year options. The residential units are an efficiency (recently redone), a one bedroom (also recently redone), and a very large one bedroom upstairs/downstairs unit. There is also a patio for two of the units. All four units are on separate electrical meters. Total square footage is approximately 3,500. At the actual current income of $36k/yr the property equates to a 8.2% cap rate, with solid upside rent increase potential and a very active rental demand market.
    Exterior Features

    Architectural Style Other Construction Materials BrickCombinationFrame Garage YN No Location Type Corner Lot/Unit Lot Features CornerPremium Other Structures Above GradeBelow Grade Parking Types Off StreetParking LotOn Street Pool No Pool Riparian Rights YN No Water Access YN No Water Oriented YN No Waterfront YN No

    Interior Features

    Below Grade Finished Area 0 Below Grade Unfinished Area 0 Building Area Total 2347.00 Cooling Wall UnitWindow Unit(S) Fireplaces Total 0 Heating Baseboard Heating YN Yes Living Area 3500 Single Room Units 1 Three Bedroom Units 0 Two Bedroom Units 1 Units Furnished None

    Property Features

    Accessibility Features None Assessment Year 2017 Association YN No Central Air YN No Cooling Fuel Electric Existing Lease Type Month To MonthLong Term Gross Income 36000.00 Heating Fuel Electric Hot Water Electric Incorporated City Name Greensboro Navigable Water YN N Net Operating Income 29160.00 New Construction YN No Number Of Units Leased 4 Number Of Units Total 4 Number Of Units Vacant 0 Original MLSNumber 301098790216 Ownership Interest Fee Simple Possession 0-30 Days Cd Property Sub Type Other Rent Control YN No Sale Type Standard Sewer Public Sewer Structure Design Type Over Storefront Tax Annual Amount 1832.0 Tax Assessment Amount 103400.0 Total Actual Rent 36000.00 Vacation Rental YN No Water Source Public Zoning Cc

    Listing courtesy of Taylor Properties.
    ©2018 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2018-12-15T23:58:45.143.
     
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