UPDATED:
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 4,800 sqft
Price per Sqft $118
MLS Listing ID MDCR2027872
Year Built 1948
Available Date 2025-06-14
Annual Tax Amount $6,150
Tax Year 2024
Lot Size 4,225 Sqft
Acres 0.1
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
Discover a prime investment in this well-maintained 6-unit spacious, 4,800 sq. ft. apartment building, ideally located in Taneytown MD. Currently fully occupied, this property offers a reliable income stream, $5,225 gross monthly income. The unit composition includes three 1-bedroom and three 2-bedroom apartments, accommodating a diverse range of renters.
All units are on month-to-month leases, offering flexibility for future adjustments. One unit (Unit 1) is HUD approved, and all units are certified Lead Free. Two of the apartments have been completely remodeled—one in 2023 and the other in 2024—while the updated lobby adds a welcoming touch for tenants and guests alike. The building sits on a slab foundation and has a newer roof installed in 2022, adding to its low-maintenance appeal. Each unit is equipped with electric baseboard heat and some units with window A/C units. The property is home to long-term tenants, many of whom have been renting for years and would like to stay.
This turnkey property presents an excellent opportunity for investors seeking a low-maintenance asset with immediate rental income. Don't miss out on this chance to expand your portfolio in a thriving rental market. Schedule your viewing today!
Location
State MD
County Carroll
Zoning R-600
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling Window Unit(s), Ceiling Fan(s)
Flooring Laminated, Wood, Carpet
Inclusions 4 Refrigerators, 4 Stoves, 7 Window A/C units
Heat Source Electric
Exterior
Water Access N
View Street, City
Roof Type Flat,Rubber
Accessibility None
Garage N
Building
Foundation Slab
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Carroll County Public Schools
Others
Tax ID 0701017675
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
REALTOR® | OWNER | License ID: SP98375761
+1(202) 427-9689 | john@colemanresidential.com
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