Salisbury, MD 21804,412 E LINCOLN AVE

$175,000

Est. payment /mo

$175,000

Est.Price: ?

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412 E LINCOLN AVE Salisbury, MD 21804

4 Beds

2 Baths

1,924 SqFt

SOLD DATE : 05/25/2024

Key Details

Sold Price $175,000

Property Type Single Family Home

Sub Type Detached

Listing Status Sold

Purchase Type For Sale

Square Footage 1,924 sqft

Price per Sqft $90

Subdivision None Available

MLS Listing ID MDWC2012482

Sold Date 05/25/24

Style Other

Bedrooms 4

Full Baths 2

HOA Y/N N

Abv Grd Liv Area 962

Originating Board BRIGHT

Year Built 1962

Annual Tax Amount $1,815

Tax Year 2023

Lot Size 6,300 Sqft

Acres 0.14

Lot Dimensions 0.00 x 0.00

Property Description

**Property is part of a larger portfolio and will not be sold individually. Asking price for entire portfolio is $2,979,200** Welcome to an exceptional investment opportunity! This diversified portfolio consists of 19 properties comprising a total of 20 units, primarily single-family homes, along with one duplex. With a gross annual rental income of $319,860, this portfolio offers a robust and steady income stream for savvy investors and with some properties being newly renovated and others offering value-add opportunities, the potential is limitless! Tenants are responsible for water, trash, sewer and lawn maintenance, ensuring minimal expenses for the property owner. All properties are located in Salisbury and Fruitland, so they benefit from a stable rental demand and strong long-term tenant occupancy. Whether you're a seasoned investor or just getting started in real estate, this portfolio offers the potential for significant returns and long-term wealth accumulation.

Location

State MD

County Wicomico

Area Wicomico Southeast (23-04)

Zoning R8

Rooms

Basement Partially Finished

Main Level Bedrooms 4

Interior

Hot Water Electric

Heating Central

Cooling Central A/C

Fireplace N

Heat Source Electric

Exterior

Water Access N

Accessibility None

Garage N

Building

Story 2.5

Foundation Block

Sewer Public Sewer

Water Public

Architectural Style Other

Level or Stories 2.5

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Wicomico County Public Schools

Others

Senior Community No

Tax ID 2313018952

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Aubrey Campbell • Keller Williams Realty Delmarva
Bought with Aubrey Campbell • Keller Williams Realty Delmarva
agent

Speicher Group

License ID: 324114

+1(808) 495-7345

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