706 MADISON ST new to site Save Request In-Person Tour Request Virtual Tour
Salisbury,MD 21804
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 2,032 sqft
Price per Sqft $135
Subdivision None Available
MLS Listing ID MDWC2019036
Style Cottage
Bedrooms 3
Full Baths 1
Year Built 1935
Annual Tax Amount $1,693
Tax Year 2024
Lot Size 6,050 Sqft
Property Sub-Type Detached
Property Description
INVESTOR ALERT -- * * * 706 Madison * * * Recently-remodeled 3BR/1BA home w/finished basement. Currently rented for $1,450/mo. Owner pays taxes + insurance. Water + sewer bills are tenant-reimbursed to seller. On the same parcel is a 2BR/1BA cottage in nice condition - potentially used as a guest house, home office, studio, etc. Buyer should confirm with the city if they would allow it to be used as an additional rental unit. * * * Also Available * * * 711 Webster Street* * * 2-story triplex consists of 3 rental units in very good condition - substantial upgrades w/in the last 5 years. Unit 1: 2nd-floor 1BR/1BA, rented for $550/mo. Unit 2 - 1st floor 1BR/1BA, rented for $675/mo. Unit 3 - 1st floor, 1BR/1BA w/a great kitchen, rented for $875/mo. Landlord pays taxes, insurance, water + sewer bills, + natural gas bill during the winter. Window AC units for each apartment, which is separately metered for electric, paid by the tenants. Attached workshop/storage attached. All units have full risk reduction lead-based paint certificates. *** 709 Webster serves as parking for 711 Webster *** Although not yet subdivided, potential for a building lot that fronts on Madison and Webster streets. *** 709-711 Webster can be purchased separately for $245,000, or all 3 parcels can be sold as a package for a $25,000 reduced rate of $495,000.
Location
State MD
County Wicomico
Area Wicomico Southeast (23-04)
Zoning R8
Interior
Hot Water Electric
Heating Baseboard - Hot Water
Cooling Central A/C,Heat Pump(s)
Flooring Carpet,Hardwood,Vinyl
Equipment Dishwasher,Disposal,Dryer,Dryer - Gas,Refrigerator,Stove,Washer,Water Heater
Laundry Basement
Exterior
Exterior Feature Porch(es),Screened
Utilities Available Cable TV Available,Electric Available,Natural Gas Available,Sewer Available,Water Available
Water Access N
Building
Story 1.5
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
Structure Type Dry Wall
New Construction N
Schools
School District Wicomico County Public Schools
Others
Acceptable Financing Bank Portfolio,Cash,Conventional
Listing Terms Bank Portfolio,Cash,Conventional
Special Listing Condition Standard