230 LAKEWOOD DRIVE Under Contract Save Request In-Person Tour Request Virtual Tour
Salisbury,MD 21804
Key Details
Property Type Townhouse
Sub Type Twin/Semi-Detached
Listing Status Under Contract
Purchase Type For Sale
Square Footage 2,688 sqft
Price per Sqft $176
MLS Listing ID MDWC2014740
Style Contemporary
Year Built 2002
Annual Tax Amount $4,899
Tax Year 2024
Lot Size 0.340 Acres
Property Description
Investment Opportunity in a Strong Rental Market
2 unit, 2688 Square Foot Duplex on Tony Tank Pond consisting of Two, Four Bedroom/Two bath units
Rental Income of $50,780 and NOI of $36,213 which includes professional management.
Both units are in great condition with no deferred maintenance.
Tenants are responsible for all utilities & water/sewer.
The leases are designed to give the Landlord 12 days to turn the unit while rent is still being paid.
Both units are fully rented for 2024/2025 school year.
Buyers can tour the interior of the units with an agreed upon LOI.
Location
State MD
County Wicomico
Area Wicomico Southeast (23-04)
Zoning R-5
Interior
Hot Water 60+ Gallon Tank
Heating Heat Pump(s)
Cooling Heat Pump(s)
Exterior
Garage Spaces 6.0
Waterfront Y
Water Access Y
View Pond
Building
Foundation Block
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Wicomico County Public Schools
Others
Special Listing Condition Standard