INCOME PRODUCING PROPERTY WITH LOW OPERATING EXPENSES! Looking for a versatile income generating commercial property with multiple units? This property consists of 5 units that are 100% rented out generating $2,500/month in rental income. Increases on 2 spaces starting June 1st which will bring the total monthly rent to $2,800. Keep them all rented or move into one of the units when the lease comes up. Each unit can be used for businesses or storage units - the possibilities are endless. Property is close to Salisbury, MD line and located right next to the Old Parsonsburg Firehouse. Parking in front and back of building. 2 half baths that tenants share. Property has had multiple updates, all concrete floors, new windows, doors and vinyl siding on main building, roof redone 4 years ago, electric updated. Unit 1 (34x22), Unit 2 (27x17), Unit 3 (21x21), Unit 4 (14 x 29), Unit 5 (40 x 18, detached building). Measurements are approximate. YEARLY EXPENSES: Taxes: $901, Insurance: $742, Electric: $600 (owner contributes $50 a month for electric, tenants split the rest. 1 meter for property), Lawn Care ($25 per cut x 2 times per month x 6 months a year = $300.
Listing By EXP Realty, LLC
Data Last Updated 4:46pm - 05/18/2021
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