Property summary
Exceptional investment opportunity in Fruitland, Maryland, this portfolio comprises four apartment units totaling 4,434 square feet, situated on a 0.557-acre lot. Built in 2010 and zoned R-3, the property boasts 100% occupancy, generating a substantial net operating income (NOI) of $71,522.76, representing a 7.15% capitalization rate. Each unit is priced at $250,000, with an overall asking price of $1,000,000. The property features easy-to-lease floor plans, including three primary suites, each with a private bath. The low turnover rate and minimal maintenance requirements, thanks to tenant-maintained interiors and HOA-provided lawn care, contribute to a strong and consistent rental income stream. This turnkey investment is ideally located in Wicomico County, just south of Salisbury, MD, offering a compelling opportunity for investors seeking a stable and profitable multifamily asset in a desirable location. The property address is 211-217 North Brown, Fruitland, MD 21826.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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