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313 NORTH ST EASTON, MD 21601
- Townhouse or Condo / Resale (MLS)
Property Details for 313 NORTH ST, EASTON, MD 21601
Features
- Lot Size: 43996 sq. ft.
- Total Units: 18
- Stories: 300
- Heating: 10
- Exterior Walls: Stucco
Facts
- Year Built: 01/01/1920
- Property ID: 887423884
- MLS Number: MDTA2008106
- Parcel Number: 01-006983
- Property Type: Townhouse or Condo
- County: TALBOT
- Legal Description: LOT 1-285X154.78 313 N/S NORTH STREET EASTON
- Listing Status: Active
Sale Type
This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.
Description
This listing is NOT a foreclosure. List price to be opening bid at online only auction. Online auction to be conducted on Auctioneers website. Bidding begins Thursday, June 12th & ends Tuesday, June 18, 2024 at 11:00am. Exceptional opportunity to purchase a fully leased 18-Unit Apartment Complex in Easton, with 2 buildings. The building on North Street (NS) has 12 units; and the building behind and backing Cherry Street has 6-two story townhouses. There is off street parking on the left front side of North Street, and more parking in back of the townhouses on Cherry St. There is 19,610 sq. ft. of above grade living area on 1.01 acres of land, according to SDAT; the buildings have a total of 24,426+/- sq. ft., including 4,816+/- sq. ft. in the lower level. The NS building has 2-story porches on both the left and right sides of the building. Recent improvements include: Over half the units were recently updated. Some of the updates include new mini-split systems, updated kitchens, W/D hookups, appliances, Quartz counter-tops, bathrooms, lighting and freshly painted. Location: The town of Easton MD is the County Seat of Talbot County and is situated in the heart of the beautiful Eastern Shore. Easton has a rich colonial tradition, and 18th- and 19th-century architectural treasures define Eastons vivid history. The apartment complex is listed in the National Historic Registry. Only a one-and-a-half-hour drive from both Baltimore and Washington DC or just a couple of hours from Philadelphia, make a day trip possible. Current Gross Monthly Scheduled Rent Of $28,640. Current Gross Annual Scheduled Rent Of $343,680. The North St. 3rd floor is currently vacant and has a potential for 3-4 more units, according to the sellers. But you would first need approval for renovation from the municipality to determine exactly what can be added and how many units would be allowed. Unit Breakdown/Rent Roll: North Street, Apt 1, 1BR/1BA currently rented for $1,350/monthly.nApt 2, 2BR/1BA currently rented for $1,450/monthly. Apt 3, 2BR/1BA currently rented for $1,850/monthly. Apt 4, 2BR/1BA currently rented for $1,470/monthly. Apt 5, 2BR/1BA currently rented for $1,850/monthly. Apt 6, 1BR/1BA currently rented for $1,260/monthly. Apt 7, 1BR/1BA currently rented for $1,400/monthly. Apt 8, 1BR/1BA currently rented for $1,310/monthly. Apt 9, 2BR/1BA currently rented for $1,650/monthly. Apt 10, 2BR/1BA currently rented for $1,475/monthly. Apt 11, Studio, currently rented for $825/monthly. Apt 12, 1BR/1BA currently rented for $1,400/monthly.nCherry Street Townhouses: Apt 14, 2BR/1.5BA currently rented for $1,400/monthly. Apt 15, 2BR/1.5BA currently rented for $2,000/monthly. Apt 16, 2BR/1.5BA currently rented for $2,200/monthly. Apt 17, 2BR/1.5BA currently rented for $1,900/monthly. Apt 18, 2BR/1.5BA currently rented for $1,850/monthly. Apt 19, 2BR/1.5BA currently rented for $2,000/monthly. Select Projected Annual Expenses:nTaxes: $14,423, Insurance: $9,000, Electricity: $2,770, Water and Sewer: $6,830, Management/Repairs: $5,200, Landscaping: $1,860. With a population of around 17,000+ people, Easton is considered one of Marylands top SMALL places to live. It is also considered the big city of Talbot County because of its sophistication and vibrancy. Easton is at the heart of the Shores arts and culture scene, as it is home to a prestigious theater, fantastic dining options, renowned art galleries and impeccably curated museums.
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Property Brokerage:
Alex Cooper Auctioneers, Inc.
908 York ROAD
Towson
MD
21204
Copyright © 2024 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
All information provided is deemed reliable, but is not guaranteed and should be independently verified.