$350,000

100 S Main St

GREENSBORO MD, 21639

Description

Address is 100 S. Main Street. Fully leased, highly visible, and gorgeous 4-unit mixed-use property in Greensboro. Property sits on the high traffic intersection of Sunset and Main in the downtown corridor. 1 unit is commercial, 3 units are residential. The app. 600 sq ft commercial unit was recently entirely redone and is currently leased on a three year lease, with two, one year options. The residential units are an efficiency (recently redone), a one bedroom (also recently redone), and a very large one bedroom upstairs/downstairs unit. There is also a patio for two of the units. All four units are on separate electrical meters. Total square footage is approximately 3,500. At the actual current income of $36k/yr the property equates to a 8.2% cap rate, with solid upside rent increase potential and a very active rental demand market.

Details

MLS#MDCM103316
Sub-TypeResale
StatusActive
Year1850
Days On Site294

Features

SQ Feet3,500
Units4

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Area Information

StateMD
CityGREENSBORO
Zip Code21639
Listing VS Median (in 21639)
Price:
$350,000
low | high
Med:
$214,500
88.714285714286% of Average
SqFt:
3,500
low | high
Med:
1,260
100% of Average
$ / SqFt:
$100
low | high
Med:
$170
20.238095238095% of Average
On Site:
294
low | high
Med:
49
100% of Average
Listing Updated: 09/15/2019
MLS Number: MDCM103316
Listing Provided By:
Nicole C DeLuca  of  Taylor Properties
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