227/229 North Brown Street, Fruitland, MD 21826
- $450,000
- 2,274
- SqFt
- Sold Price
- $450,000
- List Price
- $455,000
- Closing Date
- Jul 28, 2026
- Days on Market
- 341
- Status
- CLOSED
- MLS#
- MDWC2018048
- Living Area
- 2,274
- Lot Size (Acres)
- 0.28
- Style
- Cape Cod
- Year Built
- 2009
- County
- Wicomico
- School District
- Wicomico County Public Schools
Property Description
Investment Opportunity in a Strong Rental Market. No changes in asking rent for 3 years and current market rent is $75-$100 higher per bedroom. - 2 unit, 2274 Square Foot Duplex consisting of Two, Three Bedroom/Three bath units & are rented for 2025/2026 school year. -Rental Income of $41,400 and NOI of $$31,093.47 - Both units are in great condition with no deferred maintenance. -Tenants are responsible for all utilities & water/sewer. -The leases are designed to give the Landlord 12 days to turn the unit while rent is still being paid. -Buyers can tour the interior of the units with an agreed upon LOI.
Additional Information
- Area
- Wicomico Southeast (23-04)
- Taxes
- $5084
- School District
- Wicomico County Public Schools
- Heating
- Heat Pump - Electric BackUp
- Heating Fuel
- Electric
- Cooling
- Heat Pump(s)
- Water
- Public
- Sewer
- Public Sewer
Mortgage Calculator
Listing courtesy of SVN/Miller Commercial Real Estate. Contact:
Selling Office: .