$500,000
$550,000
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15,423 SqFt
SOLD DATE : 04/12/2024
Key Details
Sold Price $500,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 15,423 sqft
Price per Sqft $32
Subdivision Mace Village
MLS Listing ID MDCC2011658
Sold Date 04/12/24
Originating Board BRIGHT
Year Built 1950
Annual Tax Amount $4,301
Tax Year 2023
Lot Size 2.860 Acres
Acres 2.86
Property Description
Great value add opportunity!! Currently 8 units, 6 residential and 2 commercial plus 4 garages. New well pump, new metal roof, 2 new electric meters in 2021. Septic system has 3 tanks with a drain field. Current annual income approximately $65,000. Approximate expenses are septic pumping $500 annually, owner electric $3,500 annually, insurance $5,000, taxes $4,300
Roughly 13,000 sq ft between the two buildings on over 2 acres of land. This is Business General Zoning District offering diverse possibilities for growth and development. Please contact county to verify options. Don't miss out on this ideal opportunity to increase your cashflow!
Location
State MD
County Cecil
Zoning BG
Interior
Hot Water Electric
Heating Other
Cooling Other
Heat Source Other
Exterior
Garage Spaces 10.0
Water Access N
Accessibility Other, Ramp - Main Level
Total Parking Spaces 10
Garage N
Building
Sewer On Site Septic
Water Well
New Construction N
Schools
School District Cecil County Public Schools
Others
Tax ID 0806041558
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Joseph Warren Avampato • Alberti Realty, LLC