This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
604 W Main St
Emmitsburg, MD 21727
16 Unit Garden Apt Complex in "Emmitsburg" · Multifamily Property For Sale
·
16 Units
PROPERTY FACTS
| No. Units | 16 | Lot Size | 0.89 AC |
| Property Type | Multifamily | Building Size | 16,574 SF |
| Property Subtype | Apartment | Average Occupancy | 94% |
| Apartment Style | Low-Rise | No. Stories | 2 |
| Building Class | C | Year Built | 1972 |
| Zoning | R3 | ||
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.89 AC |
| Building Size | 16,574 SF |
| Average Occupancy | 94% |
| No. Stories | 2 |
| Year Built | 1972 |
| Zoning | R3 |
ABOUT 604 W MAIN ST , EMMITSBURG, MD 21727
16 Unit Garden Apartment Complex in "Emmitsburg" **GROSS POTENTIAL ANUAL REVENUE OF $140,040** 604 W. Main St. & 1 Welty Ave., Emmitsburg, MD 21727 Located in the town of Emmitsburg, the well maintained apartment complex comprises of a 12 unit garden style building and a 4 unit converted historic home on a 0.9 +/- acre lot. The site also contains ample parking. The 12 unit building has identical floor plans across all units. The units have an eat in kitchen, living room, 2 bedrooms and a full bathroom. Each unit has its own self contained HVAC system and hot water heater. All appliances and the HVAC are electric. Each unit has its own electric meter. Coin operated laundry machines are located in the lower level for the tenants. The 4 unit building consists of three 1 bedroom units and one 3 bedroom unit. The units are heated by a gas hot water boiler with radiators. The hot water for the units is also provided by the gas powered boiler. Recent capital improvements includes new roofs and repainting of the exterior of the 4 unit building. Currently 13 of the 16 units are leased: Gross Scheduled Monthly Rent: $10,020 Gross Scheduled Annual Rent: $120,240 With all 16 units leased: Gross Potential Monthly Rent: $11,670* Gross Potential Annual Rent: $140,040* * = Based on Full Occupancy (using current lease rents for occupied units plus market rent for the 3 vacant units) Auction Notes: Online Auction Only! Bidding begins Thursday, June 6th & ends Tuesday, June 11th at 1:00pm. Diligence Package: The purchase and sale agreement along with assorted addenda are available in the documents section of the auctioneer's website, link below. In order to gain access, you must create a free account as well as accept a non disclosure agreement. Online Bidding Notes: The initial deposit must be made via credit card, wire transfer or by Cashier's Check. Please review the online bidding terms and deposit transmittal form in the Documents Section for more details.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 3 | - | - |
| 2+1 | 12 | - | - |
| 3+2 | 1 | - | - |
PROPERTY TAXES
| Parcel Number | 05-176093 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $944,733 |
PROPERTY TAXES
