39 E 5th St - Apartments FOR SALE


Frederick, MD 21701- Downtown Frederick
$650,000 USD
301-748-3696
39 E 5th St, Frederick, MD for Sale
$650,000 USD
Apartments - FOR SALE
1/18
null | Request Cap Rate

39 E 5th St
Frederick, MD 21701
Downtown Frederick


HIGHLIGHTS

  • INVESTOR ALERT: 3 unit multi-family, Two , 2 Bedroom 1 Bath renovated unit include kitchen w/ stainless steel appliances, granite counters
  • One 1 BR , 1 Bath unit recently renovated and currently rented month to month w/ long term tenant @ $800 a month
  • Large lot includes right of way off Maxwell Alley w/ 3 bay garage , 1 rented mo to mo @ $125 a month w/ long term tenant,

OVERVIEW

INVESTOR ALERT: Large lot has development potential to subdivide two TH lots or a duplex lot in the rear off Maxwell Alley. 3 unit multi-family, Two , 2 Bedroom 1 Bath renovated unit include kitchen w/ stainless steel appliances, granite counters, stacked washer/dryer, luxury vinyl plank floors, updated : hot water heater & HVAC (2022) in UL, Mini split system & hot water heater installed (2022) in LL. Both units are vacant, ideal opportunity to live in one unit / rent the others. One 1 BR , 1 Bath unit recently renovated and currently rented month to month w/ long term tenant @ $800 a month. New asphalt shingles on rear , front metal roof painted ,and new new gutter system installed Dec 2024. Large lot includes right of way off Maxwell Alley w/ 3 bay garage , 1 rented mo to mo @ $125 a month w/ long term tenant, 2 other bays owner occupied. Off street parking for 10 + cars / opportunity to rent parking. Large yard affords possible future addition or take advantage of Frederick's ADU ordinance. Located in the heart of Frederick's Historic District,, near the MARC commuter rail, walk to restaurants, Carroll Creek park and all downtown living has to offer.

FOR SALE DETAILS

PRICE

$650,000 USD

PRICE/SF

$264 USD /SF

# OF UNITS

3

PRICE/UNIT

$216,667

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

DR Downtown Residential

APN/PARCEL ID

02-037041

ASK ABOUT THIS PROPERTY

Buzz MackintoshMackintosh Inc. RealtorsMore Info
301-748-3696

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Buzz MackintoshMackintosh Inc. RealtorsMore Info
301-748-3696

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