8 Washington Street

North East, MD
$ 279,900 Beds 8 Baths 0
Monthly Estimate* How much can I afford?

Great 4 Unit Rental property investment is in need of cosmetic work, but with incredible income potential. This quadruplex was built in 1988 and no LEAD paint ever to deal with. Located on large 1/2 acre level lot with large open space in rear and side yards. Ample parking in front with room for 8 cars. Exterior has vinyl siding and roof is asphalt shingle. All 4 units are identical layout with each having one living room, eat in kitchen, 2 bedrooms and 1 full bath with tub / shower. Heat for all units is electric baseboard and there is no AC, but window units are allowed. Public water & sewer. Separately metered for electric. Crawl space with no basement. Building is located in flood zone and hazard & flood combined insurance runs $3441 annually. Current income from rent is far under market value and could easily be $43,000 to $48,000 annually with potential Cap Rate of 10%. RARE Opportunity ! Strictly sold "As Is". MUST have 24 hours NOTICE for appts. and be flexible for showings.

Multi-Family

  • Price
  • $ 279,900
  • Lot Size
  • 0.49 Acres
  • Bedrooms
  • 8
  • Full Bathrooms
  • 0
  • Year Built
  • 1988
  • Half Bathrooms
  • 0
  • City, Zip
  • North East
  • Taxes
  • 4430
  • County
  • CECIL
  • Style
  • Colonial,Dwelling with Rental,Traditional
  • Area
  • MLS#
  • MDCC171154
  • Zip
  • 21901
Listing Provided by: Long & Foster Real Estate, Inc.

Features

General

Accessibility None
Appliances Refrigerator, Stove, Exhaust Fan, Water Heater
Architectural Style Other, Colonial, Dwelling with Rental, Traditional
Avg. Electric Per Month 35.0
Construction Materials Vinyl Siding
Cool Fuel Electric
Cooling Ceiling Fan(s), Window Unit(s)
County CECIL
Exterior Features Sidewalks
Flooring Vinyl, Partially Carpeted
Garage Y/N No
Heating Baseboard - Electric
High School District CECIL COUNTY PUBLIC SCHOOLS
Historic Y/N No
Interior Features Carpet, Ceiling Fan(s), Combination Kitchen/Dining, Family Room Off Kitchen, Kitchen - Eat-In
New Construction No
Numberofunitsvacant 1
Other Structures Above Grade, Below Grade
Other Units Unit 1, Unit 2, Unit 4, Unit 3
Ownership Fee Simple
Parking Features Gravel Driveway
Possession Negotiable
Price Per Sq Ft 89.25
Property SubType Quadruplex
Property Type Multi-Family
PropertyCondition Average
Real Estate Owned Y/N No
Roof Architectural Shingle
Sewer Public Sewer
Structure Type Detached
Subdivision Name NORTH EAST
Tax Year 2019
Total Units 4
Two Bedroom 4
Vacation Rental Y/N No
Water Access Y/N No
Zoning R3

Interior Features

Basement Y/N No
Central Air Y/N No
Fireplace Y/N No
Furnished Units None
Heating Fuel Electric
Heating Y/N Yes
Hot Water Electric
Living Area 3136
Total Rooms 20
Window Features Double Pane

Exterior Features

Foundation Details Crawl Space
Lot Features Backs to Trees, Flood Plain, Rear Yard, SideYard(s)
Lot Size Acres 0.49
Lot Size Source Assessor
Lot Size Square Feet 21530.00
Navigable Water Y/N No
Pool Y/N No Pool
Spa No
Total Parking Spaces 8
Type of Parking Driveway
Water Oriented Y/N No
Water Source Public
Water View Y/N No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,068

Per Month

Based on the average sale price from the Fredicksburg, Virginia office

  • Monthly Principal & interest $1,939
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 4.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

10/1/2020 Listed $279,900

Property vs Zip Code Average in 21901

Price
AVG $310K
$280K
Taxes
AVG $4,612
$4,430
Visits
AVG 24
9
Year Built
AVG 1944
1988
Walkscore
AVG 56
52
Data Provided by Walkscore ® not using MLS data

Map

8 Washington Street North East, MD is a Single Family Home for sale at $279900 and a lot size of 0.49 Acres Acre(s). 8 Washington Street North East has 8 bedrooms, 0 baths and was built in 1988. The property's zip code is 21901 which is in North East, MD

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 4.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided 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.