Price Reduction
Address
6726 Jefferson Boulevard, Frederick, MD
Price
$ 595,000
Property Attributes
- MLS#MDFR2045422
- TypeCommercial
- CountyFREDERICK
- CityFrederick
- NeighborhoodBraddock Heights
- Zip21703
- StyleApartment Building,Bed and Breakfast
- Year Built1905
- Taxes$ 3116
- Price$ 595,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage24020
- Lot Size0.55 Acres
Data Source:
Bright MLS
Property Description
6726 Jefferson Blvd in Braddock Heights is a unique multifamily property currently on the market for $595,000. This versatile property comprises 2-4 units, and the owner is relocating, presenting an excellent investment opportunity. The expansive 24,020-square-foot property boasts convenient access points from two main roads at the front and rear. Notably, more than 15,000 square feet of the property is dedicated to rear parking, accessible via a gravel road, providing ample parking space. The following are detailed descriptions of each unit: Unit 1: Located on the ground floor Two bedrooms, one bathroom Updated flooring and in-unit washer and dryer Currently leased for one year with tenants paying $1,575 per month Features a private front porch Unit 2: Situated on the second floor Four bedrooms, two baths Carpeted floors with ample storage In-unit washer and dryer Currently leased for one year with tenants paying $1,879 per month Includes a private front deck Unit 3: Ground floor unit One bedroom, one bath Updated wood flooring and in-unit washer and dryer Currently leased for one year with tenants paying $1,375 per month Offers a private patio Unit 4: Studio unit above ground Ceramic tile flooring and updated appliances Currently leased for one year with tenants paying $850 per month Features its own private patio This multifamily property not only provides a diverse range of living spaces but also stands out with its strategic location and substantial parking amenities. Don't miss the chance to invest in this property with established leases in place, generating a solid rental income.
| Price History | |
|---|---|
| 3/4/2024 | Listed $695,000 |
| 3/21/2024 | 3% - $675,000 |
| 4/25/2024 | 8% - $625,000 |
| 5/13/2024 | 5% - $595,000 |
General Features
| Sewer | On Site Septic |
|---|---|
| Heating | Radiator |
| Cooling | None |
| Possession | Settlement |
| Zoning | MUTI |
| Construction Materials | Stucco |
| Year Built | 1905 |
| Property SubType | Other |
| Tax Year | 2023 |
| Percent Ownership | Fee Simple |
| Cool Fuel | None |
| Gross Income | 68142.00 |
| OwnerPays | Lawn/Shrub Care,Taxes - Real Estate,Trash Collection,Water |
| Business Type | Apartment Building,Bed and Breakfast |
| Accessibility | None |
| County | FREDERICK |
| Net Operating Income | 61296.00 |
| New Construction | No |
| Property Type | Commercial Sale |
| Subdivision Name | BRADDOCK HEIGHTS |
| Water Access Y/N | No |
| Status | ACTIVE |
| Directions | See GPS |
| ModificationTimestamp | 2024-05-15T11:32:12 |
| City | FREDERICK |
| Total Units | 4 |
| Lot Size Square Feet | 24020.00 |
| Tax Assessed Value | 263600.0 |
| Waterfront Y/N | No |
| Street Name | JEFFERSON |
| Tax Annual Amount | 3116.0 |
| Price Per Sq Ft | 198.33 |
| Vacation Rental Y/N | No |
| Virtual Tour | https://tour.giraffe360.com/ab7ccb6371d1485b9b1edef2bd590a1e/?lsf=1 |
| Days on Market | 73 |
| Standard Status | Active |
| Year Built Source | Assessor |
| Total Actual Rent | 68142.00 |
| Cap Rate | 8.82 |
| Buyer Agent Compensation Type | % Of Gross |
Interior Features
| Heating Fuel | Electric |
|---|---|
| Hot Water | Electric |
| Heating Y/N | Yes |
| Street Suffix | BOULEVARD |
| Central Air Y/N | No |
Exterior Features
| Water Source | Public |
|---|---|
| Total Parking Spaces | 10 |
| Type of Parking | Parking Lot |
| Land Use Code | R |
| Foundation Details | Block |
| Water View Y/N | No |
| Building Area Total | 3000.00 |
| Lot Size Acres | 0.55 |
| Lot Size Units | Square Feet |
| Lot Size Source | Assessor |
| Land Assessed Value | 114100.00 |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
| Car Parking Spaces | 10 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 21703
Price
Taxes
Visits
Year Built
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