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39.41153 -77.4124

108, 110, 112 ICE ST Frederick, MD 21701

271583986 39.41153 -77.4124 230 /listing/271583986-150270075/108-110-112-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: Active
  • 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

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

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Doreen Boggs USMC Ret
Doreen Boggs USMC Ret
100 Parkway Blvd. Stafford VA 22554
39.41153 -77.4124

108, 110, 112 ICE ST Frederick, MD 21701

271583986 39.41153 -77.4124 230 /listing/271583986-150270075/108-110-112-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