Address
424 Harford St Perryville, MD
Price
$ 575,000
Property Attributes
  • MLS#MDCC2003092
  • TypeMulti-Family
  • CountyCECIL
  • CityPerryville
  • Zip21903
  • Style
  • Year Built1987
  • Taxes$ 4759
  • Price$ 575,000
  • Bedrooms8
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.43 Acres
Listing Provided Courtesy Of:
Garceau Realty
Data Source:
Bright MLS
Property Description

Excellent Passive investment property at a 7% cap rate. Mint condition 4 unit apartment building on a Cul-de-sac street in Downtown Perryville. Fully leased with yearly leases and renewals. Total annual rental income of $54,900/year. All tenants are paid up and current on their rent throughout Covid. All 4 units are 2 bedroom units with full kitchens, bathrooms, full size washer and dryers, Electric central heating and AC. All 4 units have been fully remodeled between 2018 and 2021 with vinyl waterproof plank flooring or carpet, new paint, updated bathrooms and kitchens. There will be extremely low maintenance costs on this building moving forward for new ownership. Tenants pay for their own electric, cable, and snow removal. Landlord pays for water, sewer, lawn, and (trash --covered in city taxes). Rent roll and financial breakdown available in documents section. 30 year fixed residential financing available for this type of property at historically low interest rates. Proof of funds required prior to showings. Do not walk on premises or disturb tenants!

Price History
1/14/2022 Listed $575,000

General Features

Accessibility 32 + wide Doors
Architectural Style Other
Construction Materials Brick, Vinyl Siding
Cool Fuel Electric
Cooling Central A/C
County CECIL
Days on Market 3
Garage Y/N No
Heating Heat Pump(s)
Lot Size Square Feet 18883.00
Municipality Perryville
New Construction No
Other Structures Above Grade, Below Grade
Ownership Fee Simple
Pool Y/N No Pool
Possession Immediate
Price Per Sq Ft 189.64
Property SubType Quadruplex
Property Type Multi-Family
Rent Control Y/N No
School District 121139799812
School District CECIL COUNTY PUBLIC SCHOOLS
Sewer Public Sewer
Structure Type Detached
Tax Annual Amount 4759.0
Tax Year 2021
Total Units 4
Trash Expense 0.00
Two Bedroom 4
Vacation Rental Y/N No
Water Access Y/N No
Zoning TC

Interior Features

Basement Y/N No
Central Air Y/N Yes
Fireplace Y/N No
Furnished Units None
Heating Fuel Electric
Heating Y/N Yes
Hot Water Electric
Living Area 3032

Exterior Features

Foundation Details Slab
Lot Features Front Yard, Rear Yard
Lot Size Acres 0.43
Lot Size Source Assessor
Navigable Water Y/N No
Parking Lot - # Of Spaces 8
Total Parking Spaces 8
Type of Parking Driveway, Off Street, Parking Lot
Water Body Type River
Water Oriented Y/N Yes
Water Source Public
Water View Y/N No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 21903

Price
AVG $530K
$580K
Taxes
AVG $3,998
$4,759
Visits
AVG 1
2
Year Built
AVG 1969
1987

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