Price Reduction
Listed By:
J&B Real Estate
Address
4 E Main Street, Thurmont, MD
Price
$ 549,900
Property Attributes
  • MLS#MDFR2044822
  • TypeCommercial
  • CountyFREDERICK
  • CityThurmont
  • Zip21788
  • StyleProfessional,Apartment Building
  • Year Built1890
  • Taxes$ 6218
  • Price$ 549,900
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage4866
  • Lot Size1,742 SqFt
Data Source:
Bright MLS
Property Description

INVESTMENT PROPERTY OPPORTUNITY!!!! This property includes (1) commercial space , (2) one bedroom apartments, (2) two bedroom apartments, and (2) sets of coin operated laundry machines. Wonderful income producing property with many updates and renovations in the last 15 years including rewiring and most recently a facad update with new awnings. Certified lead free in 2006. Commercial space currently leased to an orthodontist and three of the apartments are currently occupied and fourth apartment is being painted and then will be marketed for lease. Municipal parking lot available in the rear of property and situated in a convenient location. All units are separately metered and have their own heat pumps.

Price History
2/20/2024 Listed $650,000
3/18/2024 4% - $625,000
4/3/2024 4% - $600,000
4/16/2024 9% - $549,900

General Features

Sewer Public Sewer
Heating Heat Pump(s)
Cooling Heat Pump(s)
Possession Settlement
Zoning TB
Construction Materials Brick,Vinyl Siding
Year Built 1890
Property SubType Five Or More Units
Tax Year 2018
Percent Ownership Fee Simple
Cool Fuel Electric
OwnerPays Electricity,Insurance,Taxes - Real Estate,Water,Sewer
Business Type Professional,Apartment Building
Accessibility None
County FREDERICK
Net Operating Income 46177.07
Operating Expense 14122.23
Insurance Expense 3594.03
New Construction No
Property Type Commercial Sale
Possible Use Apartment Building,Professional Service
Water Access Y/N No
Property Use Investment
Status ACTIVE
Directions from U.S 15 take west main st. to east main st. property is on the right
ModificationTimestamp 2024-05-02T08:57:16
City THURMONT
Buyer Agent Compensation 2
Total Units 1
Lot Size Square Feet 1620.00
Tax Assessed Value 357067.0
Waterfront Y/N No
Street Name MAIN
Tax Annual Amount 6218.0
Electric Expense 1344.48
Property Condition Good
Price Per Sq Ft 113.01
Lease Considered Y/N No
Vacation Rental Y/N No
Days on Market 70
Location Type Downtown
Standard Status Active
Year Built Source Estimated
Tax Lot 1
Total Actual Rent 60900.00
Cap Rate 0.07
Buyer Agent Compensation Type % Of Gross

Interior Features

Heating Fuel Electric
Hot Water Electric
Heating Y/N Yes
Street Suffix STREET
Central Air Y/N No

Exterior Features

Water Source Public
Type of Parking None
Land Use Code 003
Water View Y/N No
Building Area Total 4866.00
Lot Size Acres 0.04
Lot Size Units Square Feet
Lot Size Source Estimated
Land Assessed Value 36400.00
Navigable Water Y/N No
Water Oriented Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 21788

Price
AVG $270K
$550K
Taxes
AVG $3,841
$6,218
Visits
AVG 114
25
Data Provided by Inside Real Estate®
Year Built
AVG 1956
1890

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