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  • $154,900

    317 Chestnut Way, Salisbury, MD 21804

    5beds
    1,596sqft
    Single Family Residence
    Built in 1941
    7,500 sqft lot
    $160,600 Zestimate®
    $97/sqft
    $-- HOA

    What's special

    **Property is part of a larger portfolio and will not be sold individually.** Welcome to an exceptional investment opportunity! This diversified portfolio consists of 19 properties comprising a total of 20 units, primarily single-family homes, along with one duplex. With a gross annual rental income of $319,860, this portfolio offers a robust and steady income stream for savvy investors and with some properties being newly renovated and others offering value-add opportunities, the potential is limitless! Tenants are responsible for water, trash, sewer and lawn maintenance, ensuring minimal expenses for the property owner. All properties are located in Salisbury and Fruitland, so they benefit from a stable rental demand and strong long-term tenant occupancy. Whether you’re a seasoned investor or just getting started in real estate, this portfolio offers the potential for significant returns and long-term wealth accumulation.

    Zillow last checked: 7 hours ago

    Listing updated: July 08, 2024 at 03:42am

    Listed by:

    Aubrey Campbell 302-393-0169,

    Keller Williams Realty Delmarva,

    Co-Listing Team: The Davis Strategic Team, Co-Listing Agent: Bret Davis 410-677-0909,

    Keller Williams Realty Delmarva

    Bought with:

    Aubrey Campbell, 5005561

    Keller Williams Realty Delmarva

    Source: Bright MLS,MLS#: MDWC2012478MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 2
    • Full bathrooms: 2
    • Main level bathrooms: 2
    • Main level bedrooms: 5
    Basement
    • Area: 0
    Heating
    • Central, Electric
    Cooling
    • Central Air, Electric
    Appliances
    • Included: Electric Water Heater
    Features
    • Has basement: No
    • Has fireplace: No
    Interior area
    • Total structure area: 1,596
    • Total interior livable area: 1,596 sqft
    • Finished area above ground: 1,596
    • Finished area below ground: 0

    Property

    Parking
    • Parking features: Driveway
    • Has uncovered spaces: Yes
    Accessibility
    • Accessibility features: None
    Features
    • Levels: One
    • Stories: 1
    • Pool features: None
    Lot
    • Size: 7,500 sqft
    Details
    • Additional structures: Above Grade, Below Grade
    • Parcel number: 2305054060
    • Zoning: R15
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Other
    • Property subtype: Single Family Residence
    Materials
    • Other
    • Foundation: Block
    Condition
    • New construction: No
    • Year built: 1941

    Utilities & green energy

    • Sewer: Private Septic Tank
    • Water: Private

    Community & neighborhood

    Location
    • Region: Salisbury
    • Subdivision: None Available

    Other

    Other facts
    • Listing agreement: Exclusive Right To Sell
    • Ownership: Fee Simple
    Services availability
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    An equal housing lender. NMLS #10287.

    Sell for more than others on Zillow

    Get a complimentary Zillow Showcase℠ listing and you could sell for .

    $160,600
    2% more+ $3,212
    With Showcase(estimated)
    $163,812