Property Description

Incredible opportunity! LOCATION!! - 5 Unit Brick Apartment Building on 1.3 acres of land! Five one bedroom/one bath units -- and a gorgeous setting that backs to parkland/forest conservation area. Income-producing property positioned on the Ridge Road corridor in Damascus, directly across from Damascus High School. One unit is occupied with a month-to-month tenant, but, others are free. The building is brick, 4,369total sq ft, with each unit separately metered with its own thermostat. Each unit is about 700 sq. ft. and has a large living room, bedroom, 8 1/2 ft ceilings, nice-sized kitchen with room for table/chairs, hardwood and an all-weather room/storage! Substantial paved rear parking area and private back yard. Live in one unit and rent the other four OR it's a perfect asset for any portfolio. Shared laundry space for tenants with new washer/dryer and plenty of extra storage space in lower level. Possibility exists for longer-term repositioning potential, future alternate-use / redevelopment upside with this location on this main corridor. Unit 2 is currently on a month-to-month lease and tenant would like to remain if buyer prefers . Damascus is centrally located between Baltimore and DC. Rare find! Cross-listed as Residential MLS# MDMC2240004

Property Features

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