Investment Opportunity in a Strong Rental Market 2 unit, 2688 Square Foot Duplex on Tony Tank Pond consisting of Two, Four Bedroom/Two bath units Rental Income of $50,780 and NOI of $36,213 which includes professional management. Both units are in great condition with no deferred maintenance. Tenants are responsible for all utilities & water/sewer. The leases are designed to give the Landlord 12 days to turn the unit while rent is still being paid. Both units are fully rented for 2024/2025 school year. Buyers can tour the interior of the units with an agreed upon LOI.
Sold
$475,000
230 Lakewood Dr, Salisbury, MD 21804
6beds
--baths
2,688sqft
Duplex
Built in 2002
-- sqft lot
$458,300 Zestimate®
$177/sqft
$2,211 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: November 08, 2024 at 07:36am
Listed by:
Andrew Ball 410-422-3672,
SVN |Miller Commercial Real Estate
Bought with:
Nathan Harding
Sharon Real Estate P.C.
Source: Bright MLS,MLS#: MDWC2014740
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
Heating
- Heat Pump, Electric
Cooling
- Heat Pump, Electric
Appliances
- Included: Water Heater
Features
- Has fireplace: No
Interior area
- Total structure area: 2,688
- Total interior livable area: 2,688 sqft
Property
Parking
- Total spaces: 6
- Parking features: Off Street, Parking Lot
Accessibility
- Accessibility features: None
Features
- Pool features: None
- Has view: Yes
- View description: Pond
- Has water view: Yes
- Water view: Pond
- Waterfront features: Pond
- Frontage length: Water Frontage Ft: 40
Lot
- Size: 0.34 Acres
- Features: Corner Lot/Unit
Details
- Additional structures: Above Grade
- Parcel number: 2313061718
- Zoning: R-5
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Contemporary
- Property subtype: Duplex
Materials
- Combination
- Foundation: Block
Condition
- New construction: No
- Year built: 2002
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Salisbury
HOA & financial
Other financial information
- Total actual rent: 50780
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Ownership: Fee Simple
Services availability
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Sell for more on Zillow
Get a free Zillow Showcase℠ listing and you could sell for .
$458,300
2% more+ $9,166
With Zillow Showcase(estimated)
$467,466