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32974 Old Ocean City RoadParsonsburg, MD 21849Price: $350,000

  • Price: $350,000
  • 64 Days on Market
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Federal 30-year interest rate: 6.57% last updated on May 25, 2023
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $350,000List Price
  • 0.52Acreage

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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 $3,150/month in rental income. 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 in the last several years including: all concrete floors, new windows, doors and vinyl siding on main building, roof recoated 6 years ago, electric updated, new gutters, crushed concrete drive way in back. Unit 1 (34x22), Unit 2 (27x17), Unit 3 (21x21), Unit 4 (14 x 29), Unit 5 (40 x 18, detached building). Unit 1 & 4 currently rented to a auto mechanic shop for $1,450/mo, Unit 2 rented by owners company for $400/mo as a storage unit, Unit 3 rented as an office for $650/mo and Unit 5 rented to a welding business for $650/mo. Measurements are approximate. YEARLY EXPENSES (APPROX #'s): Taxes: $901, Insurance: $742, Electric: Split between tenants, Lawn Care ($25 per cut x 2-3 times per month x 6 months a year = $300.

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Listed by Adam Roop of EXP Realty,LLC

Copyright 2023 BRIGHT, All Rights Reserved.  Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Next Step Realty | W Home Group participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.Data last updated June 1, 2023. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.

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