16591 Three Notch Road

    RIDGE, MD 20680
    • $697,500
    • STATUS: Active
    • ON SITE: 86 days
    • ID#: 1000484258
    UPDATED: 108 min ago
    $697,500
    • 0
      BEDS
    • 1
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1956
    County:

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    PRICE REDUCED! Incredible opportunity to own a multi-family / retail property with steady rental income. Downstairs there's a convenience store with liquor license and fast food, upstairs there are 5 one bedroom apts and a two bedroom apt. The building has been renovated and all units upgraded. Steady rental income, attractive corner location, plenty of parking. CAP RATE: 8.68%

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    ©2018 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2018-12-16T19:54:08.343.
    www.hiban.com/homes/87754897

    16591 Three Notch Road RIDGE, MD 20680

    • Price: $697,500
    • Status: Active
    • Updated: 108 min ago
    • ID#: 1000484258
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1
    Acres
    1956
    Built
    Neighborhood:
    Ridge
    County:
    Saint Marys
    Elementary School:
    Ridge
    Middle School:
    Spring Ridge
    High School:
    Great Mills
    School District:
    St. Mary's County Public Schools
    Property Description
    PRICE REDUCED! Incredible opportunity to own a multi-family / retail property with steady rental income. Downstairs there's a convenience store with liquor license and fast food, upstairs there are 5 one bedroom apts and a two bedroom apt. The building has been renovated and all units upgraded. Steady rental income, attractive corner location, plenty of parking. CAP RATE: 8.68%
    Exterior Features

    Architectural Style Other Construction Materials Vinyl SidingWood Siding Fencing Other Garage YN No Location Type Corner Lot/Unit Parking Features FreePaved DrivewaySurfaceUnassigned Parking Types Off StreetDrivewayOn Street Property Condition As-Is ConditionShows Well Riparian Rights YN No Road Responsibility State Road Surface Type Access - On GradeApprovedPaved Roof Composite Water Access YN No Water Oriented YN No Waterfront YN No

    Interior Features

    Basement YN No Building Area Total 8483.00 Building Features Display WindowKitchenOfficeSignage Allowed Cooling Programmable ThermostatHeat Pump(S)Wall Unit Fireplace YN No Flooring ConcreteVinylFully Carpeted Heating Heat Pump(S) Heating YN Yes Inclusions Parking Included In ListpriceParking Included In Saleprice Leasable Area 8483 Net Square Feet 8483.00 Security Features Main Entrance Lock Walls Ceilings Dry WallPaneled Walls

    Property Features

    Acceptable Financing CashConventionalExchange Accessibility Features Other32"+ Wide Doors Assessment Year 2018 Association YN No Business Type ParkingRetailInvestment Central Air YN No Condo YN No Cooling Fuel Electric Current Use CommercialConvenience StoreMulti Residential Electric 120/240V Gross Income 86400.00 Heating Fuel Electric Historic YN No Hot Water Electric Incorporated City Name Ridge71 Navigable Water YN N Net Operating Income 68900.00 New Construction YN No Operating Expense 17500.00 Original MLSNumber 300384327114:MRIS Owner Pays InsuranceManagementRepairsTaxes - Real Estate Ownership Interest Fee Simple Parking Space Number 15 Possession Immediate Property Sub Type Retail Sale Type Standard Sewer Septic Exists Tax Annual Amount 5701.35 Tax Assessment Amount 589200.0 Total Actual Rent 86400.00 Utilities Cable Tv AvailableElectric AvailableMultiple Phone LinesPropane Vacation Rental YN No Water Source Well Year Built Effective 2007 Zoning Vmx Zoning Description Vmx

    Listing courtesy of O Brien Realty.
    ©2018 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2018-12-16T19:54:08.343.
     
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