8340 Langmaid Rd Newark, MD 21841

Property Details for 8340 Langmaid Rd

Year built

1986

Construction

BRICK

Lot size

0.74 lot acres

Property size

1,576 SF

Zone code

V-1

Property type

Distribution properties

APN

04-004167

APU

4004167

Description

This exceptional 4,736 square foot multi-family property, situated on a 0.74-acre lot at 8340 Langmaid Road in Newark, Maryland, presents a unique investment opportunity. The building has undergone a complete renovation, transforming it into a highly desirable rental property with significant upside potential. Each of the four units boasts two bedrooms and one bathroom, complemented by a private garage. The extensive renovation included the installation of brand new granite countertops and stainless steel appliances in every kitchen. Modern upgrades extend throughout, encompassing all new flooring, electrical systems, heating and air conditioning, roofing, siding, and garage doors. The property's proximity to the beach offers tenants a desirable coastal lifestyle, while its slightly removed location ensures a peaceful, serene environment. The flexible design allows for continued operation as a four-unit apartment building, or the property could be easily converted into individual condominiums, catering to a diverse range of buyers and renters. The high-quality renovations and prime location make this a strong investment prospect with excellent potential for long-term rental income or condominium sales. The property is priced at $785,000 and offers a compelling return on investment. This is a rare opportunity to acquire a turnkey, fully renovated multi-family property in a highly sought-after location.

Location Insight

City

Newark

County

Worcester

State

Maryland

Longitude

-75.2883

Latitude

38.249

CBSA code

41540

CBSA name

SALISBURY, MD-DE METROPOLITAN STATISTICAL AREA

Property Tax & Assessments