MD > Crisfield
Crisfield, MD 21817,531 W MAIN ST
Crisfield, MD 21817,531 W MAIN ST
Crisfield, MD 21817,531 W MAIN ST
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John Coleman

John Coleman

+1(202) 427-9689
Listed by Cynthia Stevens • Wilson Realty
$1,000,000
Est. payment /mo
21,780 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 21,780 sqft

Price per Sqft $45

MLS Listing ID MDSO2006062

Year Built 1920

Annual Tax Amount $1,750

Tax Year 2024

Lot Size 0.500 Acres

Acres 0.5

Lot Dimensions 0.00 x 0.00

Property Sub-Type Five Or More Units

Source BRIGHT

Property Description

Great opportunity for positive cash flow! Two apartment buildings, 531 W. Main St. has 11 units, 2 storefronts, 2 efficiencies, 4 one bedroom, 3 two bedroom apartments. 527 W. Main St. has 12 units, 3 storefronts, 3 one bedroom apartments, 2 two bedroom apartments, 2 three bedroom apartments. Market rent would indicate over $130,000 annual net income. Additional lot for parking for both buildings. This is a package deal, both buildings for $1,000,000.00. See agent for income and expense sheet. Appointment required for showings. Must have 24 hr. or more notice.

Location

State MD

County Somerset

Area Somerset West Of Rt-13 (20-01)

Zoning CBD

Interior

Hot Water Electric

Heating Baseboard - Electric, Heat Pump - Electric BackUp

Cooling Central A/C, Heat Pump(s), Window Unit(s)

Flooring Carpet, Hardwood, Vinyl

Inclusions Each residential rental unit has a refrigerator and electric range.

Heat Source Electric

Exterior

Garage Spaces 20.0

Utilities Available Cable TV

Water Access N

Roof Type Built-Up,Architectural Shingle,Asphalt

Accessibility 2+ Access Exits

Total Parking Spaces 20

Garage N

Building

Lot Description Additional Lot(s)

Sewer Public Sewer

Water Public

New Construction N

Schools

Elementary Schools Carter G Woodson

Middle Schools Somerset 6-7

High Schools Crisfield Academy And

School District Somerset County Public Schools

Others

Tax ID 2007111568

Ownership Fee Simple

SqFt Source Estimated

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

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Bright MLS (BMLS)
John Coleman
John Coleman

REALTOR® | OWNER | License ID: SP98375761

+1(202) 427-9689 | john@colemanresidential.com

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