BEDS0
BATHS
MLS#MDWC2025404
STATUSACTIVE
PROPERTY TYPECommercial -
SCHOOLWICOMICO COUNTY PUBLIC SCHOOLS
Property Description
Alert Investors!!!! Come research this FULLY leased, 3 floor, 12-unit apartment building with additional acreage for additional expansion. This project has a long historical track record of proved success with projected yearly gross income of $140K. Landlord pays for water and sewer, trash, exterior electricity for exterior lighting and common areas, taxes, insurance, and lawn care/parking lot. Each unit is separately metered for electricity, which is billed to the tenants directly from Delmarva Power. Each unit contains 2 bedrooms, 1.5 baths, a full kitchen, which is equipped with a stove, refrigerator, and dishwasher. Each unit has an open floorplan which kitchens that open directly to the family rooms. While cooling is provided by electric heat pumps, heating is provided by an electric furnace (forced air). Eight (8) of the twelve (12) units have had their Heating and Air components replaced with new equipment within the last two years. The equipment to replace the other 4 units has been purchased and conveys upon sale. The building has been certified as Lead-free, and the MDE certificate can be provided. Perfect project for 1031 funds!!
Property Features
Property Type: Commercial -
Cooling: Central A/C
Fuel Type: Electric
Heating: 90% Forced Air, Other
Lot Size: 3.00 Acres
Roof Type: Asbestos Shingle
Taxes: $8,687
Year Built: 1974
Feature Descriptions
Electric: 120/240V
Exterior: Block, Concrete, Frame, Stick Built, Vinyl Siding
Flooring: Carpet, Laminated, Vinyl
Lot: Cleared, No Thru Street
Lot Dimensions: 3.00 Acre(S)
Parking Notes: Lighted Parking, Paved Parking, Private, Unassigned
Sewer: Public Sewer, Public Septic
Total Garage/Parking Spaces: 30
Units: 12
Utilities: Cable TV Available, Electric Available, Sewer Available, Water Available
Water: Public
Local Schools
School District: WICOMICO COUNTY PUBLIC SCHOOLS
Listed By / Shown By
Listed By
Agency Name: ERA Martin Associates
Agency Phone: 4107491818
Shown By
Agent Name: Rae Wheelan
Agent Phone: (484) 769-2458
Agency Title: Berkshire Hathaway HomeServices Homesale Realty
First American
Corporate Office - 215 S Centerville Rd. Lancaster, PA 17603
805 E East Street | MLS# MDWC2025404
This commercial property located at 805 E East Street , Delmar, MD 21875 is currently listed for sale with an asking price of $1,360,000. E East Street is located within the WICOMICO COUNTY PUBLIC SCHOOLS school district. Search Delmar real estate on www.raewheelan.net today.