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203 W Main St, Elkton, MD 21921

$299,900
: 2,974
SqFt

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List Price: $299,900
Status: ACTIVE
MLS#: MDCC2023460
Living Area: 2,974
Lot Size (Acres): 0.17
Style: Other
Year Built: 1900
County: Cecil
School District: Cecil County Public Schools

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Property Description

TRIPLEX! FANTASTIC INVESTMENT OPPORTUNITY! Don’t miss your chance to own this three-unit apartment building offering established rental income and excellent potential for additional revenue! Zoned commercial with multiple residential use, this property features newer windows throughout, separate electric panels for each apartment, and plenty of parking in the adjoining parking lot! The first-floor apartment offers 3 bedrooms, 2 full baths, and an additional storage area, with monthly rent of $1,400. The vacant second-floor apartment features 2 bedrooms, 1 full bath, fresh paint, and recently cleaned carpeting, offering an opportunity to secure a new tenant. Previous monthly rent was $1,350.The third-floor apartment offers 1 bedroom, with monthly rent of $1,150. Two units are currently occupied by long-term tenants, providing an established rental income stream. Tenants pay all utilities, and existing leases transfer with the property. Conveniently located near restaurants, shopping, schools, medical facilities, and everyday amenities, this property offers a desirable combination of flexibility and income potential! Whether you’re a seasoned investor looking to expand your portfolio or just getting started in real estate investing, this property deserves your attention! Schedule your tour and explore the possibilities!

(302) 236-6232

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Additional Information

Interior Features: Tub Shower, Breakfast Area, Some Carpeting, Dining Combo, Dining Combo, Separate Dining Room, Entry Level Bedroom, Family Room Off Kitchen, Traditional Floorplan, Eat-in Kitchen
School District: Cecil County Public Schools
Flooring: Carpet, Laminate, Hardwood
Exterior Features: Rain Gutters, Sidewalk
Heating: Electric Baseboard
Cooling: None
Roof: Shingle
Water: Public
Sewer: Public Sewer
Basement: Unfinished