Property summary
This exceptional mixed-use property in Woodsboro, MD, presents a unique investment opportunity. The offering encompasses three residential units and twelve income-generating storage units, all situated on a 0.37-acre lot. The main structure, located at 2 Main Street, is a charming three-bedroom, two-bathroom colonial home that has undergone a complete renovation. Improvements include a new roof, fresh paint throughout, all new vinyl windows, updated plumbing (including upstairs laundry provisions), and a decorative fireplace in the primary bedroom. Significant upgrades also include a new water line, HVAC system, concrete basement flooring, PVC plumbing, and complete electrical rewiring. The duplex at 4 and 6 Main Street has also been extensively remodeled, boasting new water lines, PVC plumbing, electrical systems, concrete basement flooring, and egress windows installed to meet current building codes. Further enhancements include a recently coated metal roof, remodeled kitchens and bathrooms, fresh paint, new carpeting, a new HVAC system, new hot water heater, and new flooring. All three residential units offer the potential for owner occupancy and/or rental income. Completing this lucrative package are twelve currently rented storage units located at the rear of the property. This property offers a compelling blend of residential and commercial income streams, making it an attractive investment for discerning buyers. The total square footage of the property is 4,604 square feet.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
CBD-Central business district. (7) IP-Industrial park. (Code 1992, § 180-4.1) Sec. 58-130. - Application of regulations. (a) No building or land shall hereafter be used and no building or part thereof shall be erected, m…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
CBD · Woodsboro, MDCBD-Central business district. (7) IP-Industrial park. (Code 1992, § 180-4.1) Sec. 58-130. - Application of regulations. (a) No building or land shall hereafter be used and no building or part thereof shall be erected, m…
Zoning
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Zoning designation
Official district profile
CBD-Central business district. (7) IP-Industrial park. (Code 1992, § 180-4.1) Sec. 58-130. - Application of regulations. (a) No building or land shall hereafter be used and no building or part thereof shall be erected, m…
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