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173 Browns Woods

ANNAPOLIS, MD 21409
  • $699,900
  • STATUS: Active Under Contract
  • ON SITE: 41 Days
  • ID#: MDAA2000619
Under Contract
UPDATED: 238 min ago
$699,900
  • 0
    BEDS
  • 1.9
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,448
    SQFT
  • $286
    $/SQFT
Type:
Multi-Family
Built:
1956
County:

School Ratings & Info

Description

INVESTOR ALERT. IMMEDIATE VALUE-ADD POTENTIAL for rare 4-unit in Annapolis. The building is a converted schoolhouse that contains four-two bedroom units. All units are occupied and are on month-to-month leases. The net operating income is approximately $46,434.00. All units are metered separately (plus a common space meter) and have central A/C. Units were updated in 2013 (floors, paint, appliances, and a few with new cabinets). The driveway was asphalted and central A/Cs were installed in 2019. Tenants are responsible for their one electricity and their cable/internet. Owner pays for the common space electric, dumpster, water, septic maintenance, lawn service, and pest control quarterly contract. Have never had issues renting - historically a low vacancy rate for this property. The building sits on 1.9 acres and there MAY BE potential to subdivide the property to create a buildable lot in the rear/side of the property (agent/owner make no representations or promises with respect to the buildable lot; buyer to do their own due diligence). Property is being sold as-is. Tenants would like to stay.OPEN HOUSE STYLE SHOWINGS: Wednesdays and Sundays. This will help make it easy to get into each property and it's less of an inconvenience to the tenants. Contact the agent for more details for showings.

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©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Advance Realty Bel Air, Inc. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-12-06T23:50:09.143.
www.advance175.com/homes/122743137
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173 Browns Woods ANNAPOLIS, MD 21409

  • Price: $699,900
  • Status: Active Under Contract
  • On Site: 41 Days
  • Updated: 238 min ago
  • ID#: MDAA2000619
0
Beds
0
Baths
0
½ Baths
1.9
Acres
2,448
SQFT
$286
$/SQFT
1956
Built
County:
Anne Arundel
School District:
Anne Arundel County Public Schools
Property Description
INVESTOR ALERT. IMMEDIATE VALUE-ADD POTENTIAL for rare 4-unit in Annapolis. The building is a converted schoolhouse that contains four-two bedroom units. All units are occupied and are on month-to-month leases. The net operating income is approximately $46,434.00. All units are metered separately (plus a common space meter) and have central A/C. Units were updated in 2013 (floors, paint, appliances, and a few with new cabinets). The driveway was asphalted and central A/Cs were installed in 2019. Tenants are responsible for their one electricity and their cable/internet. Owner pays for the common space electric, dumpster, water, septic maintenance, lawn service, and pest control quarterly contract. Have never had issues renting - historically a low vacancy rate for this property. The building sits on 1.9 acres and there MAY BE potential to subdivide the property to create a buildable lot in the rear/side of the property (agent/owner make no representations or promises with respect to the buildable lot; buyer to do their own due diligence). Property is being sold as-is. Tenants would like to stay.OPEN HOUSE STYLE SHOWINGS: Wednesdays and Sundays. This will help make it easy to get into each property and it's less of an inconvenience to the tenants. Contact the agent for more details for showings.
Exterior Features

Architectural Style Converted DwellingDwelling With RentalOther Construction Materials Vinyl Siding Door Features Double Entry Exterior Features Boat StorageFlood LightsGutter SystemSidewalks Garage YN No Location Type Other Lot Features Backs To Trees Other Structures Above GradeBelow Grade Parking Features Asphalt Driveway Parking Types Off Street Pool No Pool Riparian Rights YN No Road Responsibility Public Road Surface Type Paved Roof AsphaltShingle View Other Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 2448 Appliances Exhaust FanOven/Range - ElectricRefrigerator Basement YN No Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Heat Pump(S)Multi UnitsProgrammable Thermostat Fireplace YN No Fireplaces Total 0 Flooring Laminate PlankCarpet Heating CentralForced AirHeat Pump(S) Heating YN Yes Inclusions Shed Interior Features Combination Kitchen/Living Security Features Smoke Detector Single Room Units 0 Spa YN No Three Bedroom Units 0 Two Bedroom Units 4 Units Furnished None Walls Ceilings Dry Wall

Property Features

Acceptable Financing CashExchangeConventional Accessibility Features None Assessment Year 2021 Central Air YN No Cooling Fuel OtherElectric Elevators 0 Existing Lease Type Month To Month Foundation Details Crawl Space Heating Fuel Electric Historic YN No Hot Water Electric Insurance Expense 228.33 Navigable Water YN N Net Operating Income 46434.00 New Construction YN No Number Of Units Leased 4 Number Of Units Total 4 Number Of Units Vacant 0 Operating Expense Includes InsuranceSnow RemovalTrash Original MLSNumber 800778035417 Owner Pays Taxes - Real EstateTrash CollectionSnow RemovalSewer MaintenancePest ControlLawn/Shrub CareInsuranceAdvertising/Licenses And Permits Ownership Interest Fee Simple Possession 0-30 Days Cd31-60 Days CdImmediateSettlement Property Sub Type Quadruplex Rent Control YN No Sale Type Standard Sewer Private Septic Tank Structure Design Type Detached Tax Annual Amount 4865.00 Tax Assessment Amount 348300.00 Total Actual Rent 60250.00 Trash Expense 203.33 Utilities Cable Tv AvailableElectric AvailableWater Available Vacation Rental YN No Water Source Public Window Features ReplacementScreens Zoning R1

Listing courtesy of Taylor Properties.


©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Advance Realty Bel Air, Inc. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-12-06T23:50:09.143.
 
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