• 7 Beds
  • 4 Baths
  • 7,950 sq ft
  • 3,975 lot
  • $520,000
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Four Unit Brick Apt Bldg In Downtown Frederick Historic District Approximately 4000 SQ/FT Grade & Above Fully Leased With Deeded Off Street Parking For Tenants, Gross Monthly Income Is $4270.00 Per Month With A Annual Gross Income Of $51,240.00. Annual Expenses Are Approximately $14,437.00 Which Includes Property Taxes Generating Annual NOI Of $36,803.00 All Units Are Separately Metered For Electric Service And Separate Electric Meter For Common Areas. Owner Pays Quarterly Water/Sewer And Monthly Natural Gas For Hot Water To All The Units. Lead Certificates For All Units On File. The building Conveys With A 1 BR Apt and 3 Two BR Apartments Each With A Kitchen and Full Bath. The Building Is Managed By A Local Management Company. Short Walk To MARC Rail Station, Downtown Galleries, Shopping, Restaurants And Carroll Creek Pavilion.
MLS #MDFR214598Days on Market195
Last Updated3/30/2019Year Built1900
CountyFrederickStatusSold
Property Type(s)Multi-Family, Residential Income / Twin/Semi-Detached

Additional Features & Details

Accessibility Features
  • None
Appliances
  • Dishwasher
  • Dryer - Electric
  • Oven/Range - Electric
  • Refrigerator
  • Washer
  • Water Heater
Architectural Style
  • Colonial
Automatically Update Tax Values Y/N
  • Y
Basement Type
  • Other
  • Outside Entrance
  • Side Entrance
Basement YN
  • Y
Base Off Market Date
  • 2019-03-30
Central Air YN
  • N
City/Town Tax
  • 2584.00
City/Town Tax Pymnt Freq
  • Annually
Close Sale Type
  • Standard Sale
Construction Materials
  • Brick
Cooling Fuel
  • Electric
Cooling Type
  • Window Unit(s)
County Tax
  • 3721.00
County Tax Pymnt Freq
  • Annually
Cross Street
  • MADISON
Electric Avg
  • Month / 80.0
Electric Prev 12 Months
  • 960.0
Electric Service
  • 200+ Amp Service
  • Circuit Breakers
Elementary School Source
  • Listing Agent
Elevators Count
  • 0
Exclusions
  • N/A
Existing Lease Type
  • Gross
Fireplace YN
  • N
Flooring Type
  • Hardwood
  • Partially Carpeted
Foundation Details
  • Brick/Mortar
  • Stone
Heating Fuel
  • Electric
Heating Type
  • Hot Water
Heating YN
  • Y
High School Source
  • Listing Agent
Historic YN
  • Y
Hot Water
  • Natural Gas
In City Limits YN
  • Y
Inclusions
  • Seller conveyance list
Income Includes
  • Apartment Rentals
List Agent State License Number
  • Lic# 35102 - MD
Listing Agreement Type
  • Exclusive Right To Sell
Listing Service Type
  • Full Service
Living Area SQFT Source
  • Estimated
Lot Features
  • Cleared
  • Rear Yard
Lot Size Source
  • Assessor
Lot Size Units
  • Square Feet
Middle School Source
  • Listing Agent
Municipal Trash Y/N
  • Y
Navigable Water YN
  • N
One Bedroom Units Count
  • 1
Other Units
  • Unit 1
  • Unit 2
  • Unit 3
  • Unit 4
Outdoor Living Structures
  • Deck(s)
Owner Pays
  • Common Area Maintenance
  • Gas
  • Insurance
  • Lawn/Shrub Care
  • Management
  • Miscellaneous
  • Repairs
  • Sewer
  • Snow Removal
  • Taxes - Real Estate
  • Water
Ownership Interest
  • Fee Simple
Photo Option
  • Lister Will Upload All
Pool
  • No Pool
Possession
  • Negotiable
Price Per SQFT
  • 133.31
Property Condition
  • As-is Condition
Property Sub Type
  • Quadruplex
Property Type
  • Multi-Family
Riparian Rights YN
  • N
Road Responsibility
  • City/County
Roof
  • Unknown
School District Source
  • Listing Agent
Security Features
  • Smoke Detector
Sewer Septic
  • Public Sewer
Single Room Units Count
  • 0
Standard Status
  • Closed
Structure Type
  • Twin/Semi-Detached
Sub System Locale
  • BRIGHT_MAIN
Tax Annual Amount
  • 6305.0
Tax Assessed Value
  • 353767.0
Tax Total Finished SQFT
  • 3529
Tax Year
  • 2018
Three Bedroom Units Count
  • 0
Tidal Water YN
  • N
Total SQFT Source
  • Estimated
Total Taxes Pymnt Freq
  • Annually
Two Bedroom Units Count
  • 3
Type of Parking
  • Driveway
  • On Street
Units Furnished
  • None
Utilities
  • Electric Available
  • Natural Gas Available
Vacation Rental YN
  • N
View
  • Street
Wall & Ceiling Types
  • Dry Wall
  • Plaster Walls
Water Access YN
  • N
Water Oriented YN
  • N
Water Source
  • Public
Water View YN
  • N
Waterfront YN
  • N
Window Features
  • Wood Frame
Year Assessed
  • 2018
Year Built Source
  • Public Records
Zoning
  • DR

Neighborhood Map

Zestimate Details for: 401 S Market STREET, Frederick, MD

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Last Updated: 8/25/19 4:03 AM PDT

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