531 W MAIN ST Active Save Request In-Person Tour Request Virtual Tour
Crisfield,MD 21817
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 10,654 sqft
Price per Sqft $93
MLS Listing ID MDSO2006062
Year Built 1920
Annual Tax Amount $1,750
Tax Year 2024
Lot Size 0.500 Acres
Property Sub-Type Five Or More Units
Property Description
Great opportunity for positive cash flow! Two apartment buildings, 531 W. Main St. has 11 units, 2 storefronts, 2 efficiencies, 4 one bedroom, 3 two bedroom apartments. 527 W. Main St. has 12 units, 3 storefronts, 3 one bedroom apartments, 2 two bedroom apartments, 2 three bedroom apartments. Market rent would indicate over $130,000 annual net income. Additional lot for parking for both buildings. This is a package deal, both buildings for $1,000,000.00. See agent for income and expense sheet. Appointment required for showings. Must have 24 hr. or more notice.
Location
State MD
County Somerset
Area Somerset West Of Rt-13 (20-01)
Zoning CBD
Interior
Hot Water Electric
Heating Baseboard - Electric,Heat Pump - Electric BackUp
Cooling Central A/C,Heat Pump(s),Window Unit(s)
Flooring Carpet,Hardwood,Vinyl
Inclusions Each residential rental unit has a refrigerator and electric range.
Exterior
Garage Spaces 20.0
Utilities Available Cable TV
Water Access N
Roof Type Built-Up,Architectural Shingle,Asphalt
Building
Lot Description Additional Lot(s)
Sewer Public Sewer
Water Public
New Construction N
Schools
Elementary Schools Carter G Woodson
Middle Schools Somerset 6-7
High Schools Crisfield Academy And
School District Somerset County Public Schools
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition Standard