Description
INCOME PRODUCING PROPERTY WITH LOW OPERATING EXPENSES! Looking for a versatile income generating commercial property with multiple units? This property consists of 5 units that are 100% rented out generating $3,150/month in rental income. Keep them all rented or move into one of the units when the lease comes up. Each unit can be used for businesses or storage units - the possibilities are endless. Property is close to Salisbury, MD line and located right next to the Old Parsonsburg Firehouse. Parking in front and back of building. 2 half baths that tenants share. Property has had multiple updates in the last several years including: all concrete floors, new windows, doors and vinyl siding on main building, roof recoated 6 years ago, electric updated, new gutters, crushed concrete drive way in back. Unit 1 (34x22), Unit 2 (27x17), Unit 3 (21x21), Unit 4 (14 x 29), Unit 5 (40 x 18, detached building). Unit 1 & 4 currently rented to a auto mechanic shop for $1,450/mo, Unit 2 rented by owners company for $400/mo as a storage unit, Unit 3 rented as an office for $650/mo and Unit 5 rented to a welding business for $650/mo. Measurements are approximate. YEARLY EXPENSES (APPROX #'s): Taxes: $901, Insurance: $742, Electric: Split between tenants, Lawn Care ($25 per cut x 2-3 times per month x 6 months a year = $300.
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0BEDS
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0.52ACRES
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0BATHS
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01/2 BATHS
Description
INCOME PRODUCING PROPERTY WITH LOW OPERATING EXPENSES! Looking for a versatile income generating commercial property with multiple units? This property consists of 5 units that are 100% rented out generating $3,150/month in rental income. Keep them all rented or move into one of the units when the lease comes up. Each unit can be used for businesses or storage units - the possibilities are endless. Property is close to Salisbury, MD line and located right next to the Old Parsonsburg Firehouse. Parking in front and back of building. 2 half baths that tenants share. Property has had multiple updates in the last several years including: all concrete floors, new windows, doors and vinyl siding on main building, roof recoated 6 years ago, electric updated, new gutters, crushed concrete drive way in back. Unit 1 (34x22), Unit 2 (27x17), Unit 3 (21x21), Unit 4 (14 x 29), Unit 5 (40 x 18, detached building). Unit 1 & 4 currently rented to a auto mechanic shop for $1,450/mo, Unit 2 rented by owners company for $400/mo as a storage unit, Unit 3 rented as an office for $650/mo and Unit 5 rented to a welding business for $650/mo. Measurements are approximate. YEARLY EXPENSES (APPROX #'s): Taxes: $901, Insurance: $742, Electric: Split between tenants, Lawn Care ($25 per cut x 2-3 times per month x 6 months a year = $300.
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