742 Market Street North
Frederick, MD 21701
MLS #FR10056445

Multi-Family
  • 3units
  • 0.08acres
  • 3,540sq ft
$449,750
Est. P&I payment: $1717.74/mo
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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
  • High School: GOVERNOR THOMAS JOHNSON
  • Middle School: GOVERNOR THOMAS JOHNSON

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

Location

 
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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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MRIS is the source of the listing information and listings are provided by various brokerages who participate in the MRIS IDX program. Listings provided by brokerages other than the owner of this website show the listing brokerage on the listing details page. This website is not an MLS nor does it represent the full data set of the MRIS Multiple Listing Service (MLS).
Last Updated 09/23/2017 at 6:39am
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