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948 Middlesex Rd, Essex, MD 21221, USA

$155,000

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Photos of the property

OfferMarket Exclusive Listing

DO NOT DISTURB THE TENANTS. Awaiting judge to set eviction date. Buy direct and save on this turnkey rental investment property.

Terms

  • Asking price set by Seller who will review all offers (submit an offer!)
  • Seller reserves the right to accept an offer before the deadline
  • Buyer pays closing costs
  • AS IS
  • $5,000 EMD
  • Close using Terrain Title & Escrow Company

Notes

  • Current tenants were paying $1,300 / month (month-to-month)
  • Current tenants have not paid rent since June 2021
  • Awaiting judge to set eviction date
  • Market rent: $1,600 - $1,800 / month
  • Deal Details section assumes $1,650/month rent, 25% down, 4% interest rate, 8% management fee, 5% vacancy rate
  • 2022 taxes: $2,319.95 (County: $1,283.34, State: $130.67, Bay Res Fee: $60, Sewer Service: $612.54, Water Distribution: $233.40)
  • Parking: off-street spaces are available behind the house, back yard can be converted to parking pad