Property profile

211-217 Brown St Fruitland, MD 21826

OFF-MARKET
Apartment buildings
4,434 SF 0.56 ac lot Built 2010
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Property summary

AI-generated overview

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

Verified
Property type Apartment buildings
Year built 2010
Total area 4,434 SF
Lot 0.56 ac (24,263 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

211-217 Brown St Fruitland, MD 21826
Fruitland metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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