101 Wright Street

FROSTBURG, MD 21532

  • 0 Bed(s)
  • 0 Bath(s)
  • 3,432 Sqft
  • 18000
    Sqft(Lot)
$325,000

Description

Calling all investors - this is the money maker you've been waiting for! gross potential rents for the property total $3,700 per month with an incredible 13.7% cap rate! owner pays water and gas, tenants cover electric. this property pays for itself. live for free in one of the units while renting the rest. let the rent pay the mortgage and the utilities! if you're looking to rent all four units, look forward to a hefty rent check at the end of each month. this property has three apartments which are 2bed 1bath and one apartment which is 1bed 1bath. one long term renter is paying $850/month, and two new leases begin set to start at $950/month. the fourth unit has been left vacant for a potential owner occupant, but if you wish to rent it out, there is no shortage of applicants! units have been refreshed since last tenant turnover - new paint, some new flooring, reglazed showers and tubs, etc.

  • Property Type

    Multi-Family

  • County

    ALLEGANY

  • Style

    Other

  • AD ID

    49253381

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Property Details

  • Water/Sewer

    • Water Source : Public

    Room Information

    • Patio/Porch Features: Deck(s),Patio(s)

    Interior Features

    • Property Appliances: Dishwasher,Dryer,Refrigerator,Stove,Washer

    Heating & Cooling

    • Cooling: None
    • Heating: Baseboard - Electric
    • Cooling Fuel: None
    • Heating Fuel: Electric

  • Building Information

    • Year Built: 1976
    • Structure: Other
    • Major Appliances: Dishwasher,Dryer,Refrigerator,Stove,Washer
    • New Construction: No
    • Total Units: 4
    • Built: 1976
    • Construction Material: Brick,Vinyl Siding
    • Architecture: Other
    • Pool/Private: No Pool

    Pool Information

    • Pool: No Pool

    Utility Features

    • Sewer: Public Sewer

    Water

    • Water Heat: Natural Gas

  • Lot Information

    • Lot Size: 18,000
    • Lot Size (Acres): 0.41
    • Architectural Style: Other
    • Main Square Feet: 18,000

    Property Information

    • SQ ft: 3,432
    • SQ ft (Living Area): 3,432
    • Total Lot SQ ft: 18,000
    • Total Acreage: 0.41
    • New Construction: No
    • Type: Other

  • Listing Information

    • Possession: Settlement
    • Days Of Market: 2

  • Tax Information

    • Annual Tax: $0
    • Tax Year: 2024
    • Total Taxes Payment Frequency: Annually

    Possession

    • Settlement

    Assessment Information

    • Taxes Assessment Amount: $167,000

  • Parking Information

    • Parking Features: Paved Parking
    • Parking Type: Parking Lot

    Homeowners Association Information

    • Direction: From Upper New Georges Creek Rd. SW, turn onto 3rd St. then make a right onto Wright St. Property on the right.

  • School Information

    • Elementary School: BEALL
    • Middle OR Junior School: MOUNT SAVAGE
    • High School: MOUNTAIN RIDGE
    • School District: ALLEGANY COUNTY PUBLIC SCHOOLS

    Utility Information

    • Water Source: Public
    • Sewer: Public Sewer
    • Cooling Fuel: None
    • Heating Fuel: Electric
    • Hot Water: Natural Gas

    Location Information

    • Direction: From Upper New Georges Creek Rd. SW, turn onto 3rd St. then make a right onto Wright St. Property on the right.
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BuyOwner last updated this listing 04/15/2025 @ 09:42

  • MLS: MDAL2011228
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: BRIGHT MLS

is a Other, with 0 bedrooms which is for sale, it has 3,432 sqft, 18,000 sized lot, and 0 parking. are nearby neighborhoods.