Salisbury, MD 21804,230 LAKEWOOD DRIVE
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Salisbury, MD 21804,230 LAKEWOOD DRIVE
Salisbury, MD 21804,230 LAKEWOOD DRIVE
Salisbury, MD 21804,230 LAKEWOOD DRIVE
Salisbury, MD 21804,230 LAKEWOOD DRIVE
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Under Contract

230 LAKEWOOD DRIVE Salisbury, MD 21804

2,688 SqFt


UPDATED:

10/11/2024 07:28 PM

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

Abv Grd Liv Area 2,688

Originating Board BRIGHT

Year Built 2002

Annual Tax Amount $4,899

Tax Year 2024

Lot Size 0.340 Acres

Acres 0.34

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)

Fireplace N

Heat Source Electric

Exterior

Garage Spaces 6.0

Waterfront Y

Water Access Y

View Pond

Accessibility None

Parking Type Off Street, Parking Lot

Total Parking Spaces 6

Garage N

Building

Foundation Block

Sewer Public Sewer

Water Public

Architectural Style Contemporary

Additional Building Above Grade

New Construction N

Schools

School District Wicomico County Public Schools

Others

Tax ID 2313061718

Ownership Fee Simple

SqFt Source Estimated

Special Listing Condition Standard


Bright MLS (BMLS)
Listed by Andrew Ball • SVN |Miller Commercial Real Estate

CB Premier

Agent

+1(888) 617-5470

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230 LAKEWOOD DRIVE