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    32974 Old Ocean City Road

    PARSONSBURG, MD 21849
    • $375,000
    • STATUS: Active
    • ON SITE: 153 days
    • ID#: MDWC110894
    UPDATED: 63 min ago
    $375,000
    • 0
      BEDS
    • 0.52
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial
    Built:
    1930
    County:

    School Ratings & Info

    Description

    INCOME PRODUCING PROPERTY WITH LOW OPERATING EXPENSES! Looking for a versatile income generating commercial property with multiple units? This property consists of 5 units that are 100% rented out generating $2,500/month in rental income. Increases on 2 spaces starting June 1st which will bring the total monthly rent to $2,800. Keep them all rented or move into one of the units when the lease comes up. Each unit can be used for businesses or storage units - the possibilities are endless. Property is close to Salisbury, MD line and located right next to the Old Parsonsburg Firehouse. Parking in front and back of building. 2 half baths that tenants share. Property has had multiple updates, all concrete floors, new windows, doors and vinyl siding on main building, roof redone 4 years ago, electric updated. Unit 1 (34x22), Unit 2 (27x17), Unit 3 (21x21), Unit 4 (14 x 29), Unit 5 (40 x 18, detached building). Measurements are approximate. YEARLY EXPENSES: Taxes: $901, Insurance: $742, Electric: $600 (owner contributes $50 a month for electric, tenants split the rest. 1 meter for property), Lawn Care ($25 per cut x 2 times per month x 6 months a year = $300.

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    ©2021 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 accurate by the MLS or Murray & Co. Real Estate. 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: 2021-05-11T21:52:10.383.
    www.mcre.com/homes/112482880
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    32974 Old Ocean City Road PARSONSBURG, MD 21849

    • Price: $375,000
    • Status: Active
    • Updated: 63 min ago
    • ID#: MDWC110894
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.52
    Acres
    1930
    Built
    Neighborhood:
    Wicomico Northeast (23-02)
    County:
    Wicomico
    Area:
    Wicomico Northeast (23-02)
    School District:
    Wicomico County Public Schools
    Property Description
    INCOME PRODUCING PROPERTY WITH LOW OPERATING EXPENSES! Looking for a versatile income generating commercial property with multiple units? This property consists of 5 units that are 100% rented out generating $2,500/month in rental income. Increases on 2 spaces starting June 1st which will bring the total monthly rent to $2,800. Keep them all rented or move into one of the units when the lease comes up. Each unit can be used for businesses or storage units - the possibilities are endless. Property is close to Salisbury, MD line and located right next to the Old Parsonsburg Firehouse. Parking in front and back of building. 2 half baths that tenants share. Property has had multiple updates, all concrete floors, new windows, doors and vinyl siding on main building, roof redone 4 years ago, electric updated. Unit 1 (34x22), Unit 2 (27x17), Unit 3 (21x21), Unit 4 (14 x 29), Unit 5 (40 x 18, detached building). Measurements are approximate. YEARLY EXPENSES: Taxes: $901, Insurance: $742, Electric: $600 (owner contributes $50 a month for electric, tenants split the rest. 1 meter for property), Lawn Care ($25 per cut x 2 times per month x 6 months a year = $300.
    Exterior Features

    Construction Materials BlockStick BuiltVinyl SidingStone Garage YN No Parking Types Parking Lot Riparian Rights YN No Roof Architectural ShinglePitchedOther Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

    Interior Features

    Building Area Total 2652.00 Cooling Window Unit(S) Flooring Concrete Heating None Net Square Feet 2700.00

    Property Features

    Accessibility Features >84" Garage Door32"+ Wide Doors Assessment Year 2020 Association YN No Business Type Auto RelatedFlexManufacturingOther/General RetailProfessionalStorageWarehouseOtherRecreation Central Air YN No Cooling Fuel None Electric Expense 600.00 Heating Fuel None Hot Water Electric Insurance Expense 742.00 Navigable Water YN N New Construction YN No Number Of Units Total 0 Operating Expense Includes InsuranceElectricLandscapingRepair/Maintenance Original MLSNumber 304419031047 Other Expense 1000.00 Owner Pays Lawn/Shrub CareMiscellaneousTaxes - Real EstateInsuranceElectricity Ownership Interest Fee Simple Possession Subject To Existing Lease Property Sub Type Five Or More Units Sale Type Standard Sewer Holding Tank Tax Annual Amount 795.00 Tax Assessment Amount 76433.00 Tax Lot 0 Total Actual Rent 30000.00 Vacation Rental YN No Water Source Well Zoning Commercial

    Listing courtesy of Exp Realty, Llc.


    ©2021 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 accurate by the MLS or Murray & Co. Real Estate. 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: 2021-05-11T21:52:10.383.
     
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    Frederick MD, 12345