742 Market Street North
Frederick, MD 21701
MLS #FR10056445

  • 3units
  • 0.08acres
  • 3,540sq ft
Est. P&I payment: $1717.74/mo
Description for 742 Market Street North, Frederick, MD 21701
Ideal Investment,2 LG 3 BR Apt.,1 Main Lvl Efficiency Plus Well Established Laundromat,Bldg.Gross Income $64,326.00, Expenses Approx. $24,491.00, NOI Approx. $39,835.00.Newer Roof,Energy Efficient Vinyl Windows,Sep Electric Meters For Each Apt.,Excellent Tenants,Bldg. Has Considerable Potential For Add'l Income FM The Laundromat & Apt.'s.Deeded Off St Pking,Walk To Downtown & MARC Rail Station.
MLS #FR10056445
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My Notes for MLS #FR10056445

General Features

  • Property Type: Multi-Family
  • Type: Semi-Detached
  • Year Built: 1895
  • Total Units: 3
  • Unit List: One Bedroom,​Three Bedroom
  • One Bedroom Units: 1
  • Three Bedroom Units: 2

Exterior Features

  • Exterior: Brick
  • Stories: 4
  • Handicap: None
  • Roof: Rubber
  • Lot Description: Corner Lot
  • Exposure: Garden/Lawn,​Street,​Trees
  • Lot AreaAcre: 0.077479
  • Lot Size Area: 3,375
  • Parking: Drvwy/Off Str,​Street,​Faces Rear,​Gravel Driveway
  • Water Front: N

Interior Features

  • Tax Total Living Area: 3,540
  • Basement: Y
  • Basement Entrance: Side Entrance,​Outside Entrance
  • Basement Type: Cellar,​Outside Entrance,​Side Entrance,​Sump Pump
  • Walls Ceilings: High,​9'+ Ceilings
  • Windows Doors: Screens,​Vinyl Clad,​Wood Frame

Utilities Features

  • Appliances: Dryer,​Oven / Range - Electric,​Refrigerator,​Washer,​Water Heater
  • Cooling Fuel: Electric
  • Cooling: Window Unit(s)
  • Heating Fuel: Electric
  • Heating: Baseboard
  • Hot Water: Electric
  • Metering: Electricity is sep,​Gas is Separate
  • Sewer Septic: Public Sewer
  • Water: Public

Financial Features

  • Total Taxes: 6,336.44
  • Total Taxes Payment Freq: Annually
  • City Town Tax: 2,600.58
  • City Town Tax Payment Freq: Annually
  • County Tax: 3,735.86
  • County Tax Payment Freq: Annually
  • Tax Year: 2016
  • Improvement Assessment Amount: 230,700
  • Improvement Assmnt. Payment Freq: Annually
  • Land Assessment Amount: 136,600
  • Land Assessment Payment Freq: Annually
  • Total Assessment: 367,300
  • Total Assessment Payment Freq: Annually
  • Assessment Year: 2017
  • Property Net Operating Income: 39,835
  • Gross Income: 64,332
  • Expenses: 24,491
  • Monthly Gross Rent: 5,361
  • Additional Income Sources: Apartment Rentals,​Laundry
  • Owner Pays: Advertising/Licenses and Permits,​Property Insurance,​Property Management,​Repairs and Maintenance,​Taxes-Personal property,​Taxes-Real Estate,​Utilities
  • One Bedroom Avg Rent: 675
  • Three Bedroom Avg Rent: 750

Community Features

  • City: 10000061077
  • County: Frederick
  • Subdivision: FREDERICK CITY
  • HOA: N
  • Vacation Home: N
  • Transportation: Airport - 2-5 Miles,​Commuter Rail - 1 Mile,​Public Bus Service
  • Amenities: Wood Floors,​Sump Pump

School Features

  • Elementary School: NORTH FREDERICK

Misc Features

  • Auction: N
  • Foreclosure: N
  • Potential Short Sale: No
  • Tenancy: Lease terms Mixed
  • Property Condition: As-is condition
  • New Construction: N
  • Zoning Code: R8


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The listing information for 742 Market Street North, Frederick, MD 21701 was graciously provided by our friends at the listing brokerage, Real Estate Teams, LLC

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Last Updated 09/23/2017 at 6:39am
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