211-217 Brown St Fruitland, MD 21826
- Apartment buildings
- 4,434 SF
- 0.56 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 211-217 Brown St
- Year built
- 2010
- Lot size
- 0.56 lot acres
- Property size
- 4,434 SF
- Property type
- Apartment buildings
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fruitland
- County
- Wicomico
- State
- Maryland
- Longitude
- -75.6113
- Latitude
- 38.3171
