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Sold for $550,000 on 06/17/24
  • $550,000

    230 S Market St, Frederick, MD 21701

    3beds
    --baths
    2,880sqft
    Townhouse
    Built in 1865
    -- sqft lot
    $560,500 Zestimate®
    $191/sqft
    $1,653 Estimated rent

    What's special

    Wonderful three-unit apartment building in Downtown Frederick.  Steps to MSD and the center of Downtown.  Great opportunity to live in one unit and rent the other two, or rent all three!   The floor plan of each unit is available in the photos.  The building has been owned by the sellers since the 1960's.  They used the building as a living space for their staff.  The monthly rent amount collected is below market value.  There are no written leases in place currently, only verbal.   Unit 1 is unoccupied (includes washer/dryer in unit).  Unit 2 is occupied at $750 a month and Unit 3 is occupied at $850 a month (the washer/dryer for units 2 & 3 are on the lower level).  Heat is included with current rent amounts.  In the winter gas runs about $600 a month.  Water is also included in the current rent at $200 every quarter.  The market value for rent for Units 1 & 2 is about $1450 per month and Unit 3 is about $1550 per month.   Each unit is separately metered with individual electric meters.  The building owner does pay for power for the water heater and shared areas, which is about $188 every month.  Sellers will convey property occupied with current tenants and arrangements.  Disclosures in the MLS.   Please allow 24 hours for showing requests.

    Zillow last checked: 7 hours ago

    Listing updated: June 17, 2024 at 03:16am

    Listed by:

    Bobbi Prescott 301-514-6163,

    RE/MAX Results,

    Listing Team: Bobbi Prescott & Associates

    Bought with:

    Rose Creasey, 583737

    Turning Point Real Estate

    Source: Bright MLS,MLS#: MDFR2046960MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    Basement
    • Area: 960
    Heating
    • Radiator, Natural Gas
    Cooling
    • Window Unit(s), Electric
    Appliances
    • Included: Electric Water Heater
    Features
    • Has fireplace: No
    Interior area
    • Total structure area: 3,840
    • Total interior livable area: 2,880 sqft

    Property

    Parking
    • Parking features: On Street
    • Has uncovered spaces: Yes
    Accessibility
    • Accessibility features: None
    Features
    • Pool features: None
    Lot
    • Size: 3,348 sqft
    Details
    • Additional structures: Above Grade, Below Grade
    • Parcel number: 1102104016
    • Zoning: DR
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Colonial
    • Property subtype: Townhouse
    Materials
    • Brick
    • Foundation: Brick/Mortar
    Condition
    • New construction: No
    • Year built: 1865

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Location
    • Region: Frederick
    • Municipality: Frederick City

    Other

    Other facts
    • Listing agreement: Exclusive Right To Sell
    • Ownership: Fee Simple
    Services availability
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