About 154-156 All Saints Thru 156 St
This property boasts a fully leased, updated, and renovated 4-unit apartment building, offering the potential to occupy one unit while generating income from the others. Each apartment is individually metered in this all-electric property, with tenants responsible for all utilities except water/sewer. The building comprises two one-bedroom apartments on each floor, each featuring shaded front and rear porches. The basement is dry and unfinished, providing internal access and housing four hot water heaters. There are window A/C units for each apartment. Current lead certificates and executed leases are on file for each unit. Constructed with low-maintenance block materials. Each unit can obtain one free parking permit to park in the street in front of the building. A narrow 'Pony Way' or alley on the east side provides access to the rear garden. Conveniently located near the MARC Rail Station, Carroll Creek Promenade, restaurants, galleries, and shopping, the property is meticulously maintained and managed by the current owner. The property generates $59,500 in total annual income in 2023 and $62,400 in 2024, with expenses, including taxes, insurance, water/sewer, lead inspection (only required upon change of tenants), and normal maintenance totaling approximately $ 12,400 annually, resulting in a net operating income of $50,000. With fewer than 5 units, financing does not necessitate a burdensome commercial loan.
Features of 154-156 All Saints Thru 156 St
MLS® # | MDFR2046172 |
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Price | $625,000 |
Bathrooms | 0.00 |
Square Footage | 2,544 |
Acres | 0.08 |
Year Built | 1927 |
Type | Multi-Family |
Sub-Type | Detached, Quad |
Style | Transitional |
Status | Active Under Contract |
Community Information
Address | 154-156 All Saints Thru 156 St |
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City | FREDERICK |
County | FREDERICK-MD |
State | MD |
Municipality | Frederick City |
Zip Code | 21701 |
Amenities
Amenities | Attic, Carpet, CeilngFan(s), Wood Floors |
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Utilities | Cable TV, Natural Gas Available, Phone Available, Sewer Available, Water Available |
View | Garden/Lawn, Street |
Is Waterfront | No |
Interior
Interior Features | Floor Plan-Traditional |
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Appliances | Dryer, Exhaust Fan, Oven/Range-Electric, Refrigerator, Washer, Water Heater |
Heating | Baseboard - Electric, Heat Pump(s) |
Cooling | Ceiling Fan(s), Window Unit(s) |
Has Basement | Yes |
Basement | Full |
Fireplace | No |
# of Stories | 3 |
Exterior
Exterior | Frame |
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Exterior Features | Street Lights, Balcony |
Lot Description | Cleared, Level, Rear Yard |
Windows | Screens, Vinyl Clad |
Roof | Metal, Asphalt |
Foundation | Stone, Block |
School Information
District | FREDERICK COUNTY PUBLIC SCHOOLS |
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Elementary | LINCOLN |
Middle | WEST FREDERICK |
High | FREDERICK |
Additional Information
Zoning | DR |
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Foreclosure | No |
Short Sale | No |
RE / Bank Owned | No |
Listing Details
Office | RE/MAX Realty Group |
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