805 E EAST ST, Delmar, MD 21875
805 E EAST ST, Delmar, MD 21875
805 E EAST ST, Delmar, MD 21875
805 E EAST ST, Delmar, MD 21875
805 E EAST ST, Delmar, MD 21875
805 E EAST ST, Delmar, MD 21875
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Bridget Zhang

Bridget Zhang

+1(215) 528-8824
Listed by Greg Johnson • ERA Martin Associates
$ 1,360,000
Est. payment | /mo

3 Acres Lot

Save
$ 1,360,000
Est. payment | /mo
Save

3 Acres Lot

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID MDWC2025404

Year Built 1974

Annual Tax Amount $8,687

Tax Year 2026

Lot Size 3.000 Acres

Acres 3.0

Property Sub-Type Five Or More Units

Source BRIGHT

Property Description

Alert Investors!!!! Come research this FULLY leased, 3 floor, 12-unit apartment building with additional acreage for additional expansion. This project has a long historical track record of proved success with projected yearly gross income of $140K. Landlord pays for water and sewer, trash, exterior electricity for exterior lighting and common areas, taxes, insurance, and lawn care/parking lot. Each unit is separately metered for electricity, which is billed to the tenants directly from Delmarva Power. Each unit contains 2 bedrooms, 1.5 baths, a full kitchen, which is equipped with a stove, refrigerator, and dishwasher. Each unit has an open floorplan which kitchens that open directly to the family rooms. While cooling is provided by electric heat pumps, heating is provided by an electric furnace (forced air). Eight (8) of the twelve (12) units have had their Heating and Air components replaced with new equipment within the last two years. The equipment to replace the other 4 units has been purchased and conveys upon sale. The building has been certified as Lead-free, and the MDE certificate can be provided. Perfect project for 1031 funds!!

Location

State MD

County Wicomico

Area Wicomico Northwest (23-01)

Zoning R2

Interior

Hot Water Electric

Cooling Central A/C

Flooring Carpet, Laminated, Vinyl

Heat Source Electric

Exterior

Garage Spaces 30.0

Utilities Available Cable TV Available, Electric Available, Sewer Available, Water Available

Water Access N

Roof Type Asbestos Shingle

Street Surface Black Top

Accessibility None

Road Frontage City/County

Total Parking Spaces 30

Garage N

Building

Lot Description Cleared, No Thru Street

Sewer Public Sewer, Public Septic

Water Public

New Construction N

Schools

School District Wicomico County Public Schools

Others

Tax ID 2311002706

Ownership Fee Simple

Acceptable Financing Bank Portfolio, Cash

Listing Terms Bank Portfolio, Cash

Financing Bank Portfolio,Cash

Special Listing Condition Standard

Bright MLS (BMLS)

Nearby Locations

Bridget Zhang

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(215) 528-8824

bridgetzhanghomes@gmail.com

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805 E EAST ST