230 Lakewood Drive

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Address: 230 Lakewood Dr, Salisbury, MD 21804, USA
Created date: August 7, 2024
Date last updated: August 14, 2024
  • 2 unit, 2688 Square Foot Duplex on Tony Tank Pond consisting of Two, Four Bedroom/Two bath units
  • Rental Income of $50,780 and NOI of $36,213 w/ professional management
  • Both units are in great condition with no deferred maintenance
  • Tenants are responsible for all utilities & water/sewer
  • The leases are designed to give the Landlord 12 days to turn the unit while rent is still being paid.
  • Both units are fully rented for 2024/2025 school year

Property Description

Investment Opportunity in a Strong Rental Market. No changes in asking rent for 3 years and market rent is $25-$50 higher per bedroom

Key Property Information

Listing Status: Unavailable
Listing Type: Call for offers
Property Types: 2-4 Units
Price: $475,000
No. of Units: 2
Average Occupancy: 7.62
Year Built: 2002
Lot Size: 0.34 Sq ft
Opportunity Zone: No
Price per unit: $237,500
Property Website Click Here
Address: 230 Lakewood Drive, Salisbury, MD 21804, USA
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