Waterfront Duplex Investment Opportunity
230 Lakewood Drive
Salisbury, MD 21804
FOR SALE
Property Type:
Other Special PurposeAmount:
$475,000
Last Verified:
Aug 09, 2024Daily Email Blast
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Highlights
- 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
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
Located in Salisbury, this area offers a strategic advantage for an occupied student rental investment. It's very close proximity to Salisbury University, provides a solid tenant base with minimal marketing.
Year Built: 2002
Building Size: 2688sq ft
Lot Size: 0.34 acres
Documents
SVN - Brochure (L)Disclosures