108 W Fourth St,FREDERICK, MD 21701
FREDERICK, MD 21701
Description
INVESTOR ALERT! SOLD AS-ISThis 4-UNIT APARTMENT BUILDING NEEDS WORK, but is located in the heart of Downtown Frederick and includes SIX OFF STREET PARKING SPACES and a large, fenced back yard. Each apartment is individually metered in this all electric property, with tenants responsible for all utilities except water/sewer. The building offers 2-one bedroom apartments and 2 studio apartments, each featuring their own private entrance. Each apartment housed long term tenants who paid under market rent.3 units are vacant and 1 lease terminates in June. Seller did not renew leases once she decided to sell building. All units need lots of TLC- some more then others. The building itself also needs work.Current lead certificates are on file for each unit. With fewer than 5 units, financing does not necessitate a commercial loan, however, due to condition of property, a construction loan might be needed.
Details
| MLS# | MDFR2062020 |
|---|---|
| Listing Type | For Sale |
| Style | Town House |
| Sub-Type | Resale |
| Status | Pending-bright |
| Year | 1900 |
| Days On Site | 18 |
| Listing Provided By | Samson Properties | Barbara J Swanhart |
Features
| SQ Feet | 1,992 |
|---|---|
| Basement | Y |
| Story(s) | 2 |
| Units | 4 |
| Zoning | DR |
| Acreage | 0.11 |
| Water Front | Yes |
Market Activity 21701
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Learn More About This Property
| State | MD |
|---|---|
| County | FREDERICK MD |
| City | FREDERICK |
| Zip Code | 21701 |
| Area | FREDERICK MD |
| School District | FREDERICK COUNTY PUBLIC SCHOOLS |
| Listing VS Median (in 21701) | |
Price: $499,000 low | high Med: $496,530 SqFt: 1,992 low | high Med: 2,196 $ / SqFt: $251 low | high Med: $226 On site: 18 low | high Med: 6 | |
