312-314 W South St - Apartments FOR SALE


Frederick, MD 21701
$850,000 USD
301-401-4106
312-314 W South St, Frederick, MD for Sale
$850,000 USD
Apartments - FOR SALE
1/9
null | 7% Cap Rate

312-314 W South St
Frederick, MD 21701


OVERVIEW

Act quick to take advantage of a limited offer. Here’s your chance to own a 5-unit apartment building in the heart of downtown Frederick with onsite parking and a short walk to downtown Frederick’s arts and entertainment district. The location is walking distance to the future 77 acre mix use development known as the Brickworks property. This development will bring high-end retailers, such as an organic grocery store and neighborhood-oriented shops and services. The property boasts easy access to major arterial roadways like I-70, Rt 355, I-270, US 15 and US 340. Seller’s have owned the property for 10 years and have experienced no vacancy outside of the short period of tenant turnover. Upgrades to the building and units were made by the Sellers. Ask Broker for details. 2025 Gross cashflow: $74,760 Taxes $8,617 (combined) annually Electric and gas separately metered, paid by tenants Landlord currently pays the water bill Call Broker for lease details and property disclosures

FOR SALE DETAILS

PRICE

$850,000 USD

PRICE/SF

$300 USD /SF

# OF UNITS

5

PRICE/UNIT

$170,000

CAP RATE

7%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1860

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

DR

APN/PARCEL ID

02-037157

ASK ABOUT THIS PROPERTY

Chris Kline,Jr.Frederick CommercialMore Info
301-401-4106

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Chris Kline,Jr.Frederick CommercialMore Info
301-401-4106

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.