707-737 N Westover Dr - Apartments FOR SALE


Salisbury, MD 21801
$2,000,000 USD
240-367-6122
707-737 N Westover Dr, Salisbury, MD for Sale
$2,000,000 USD
Apartments - FOR SALE
1/7
null | 9.5% Cap Rate

707-737 N Westover Dr
Salisbury, MD 21801


HIGHLIGHTS

  • 16 single family homes in great location, all long-term tenants with excellent cash flow!! Most homes getting $11100 a month plus utilities.
  • Great location, affordable housing in Salisbury Md. Very low operating expences!

OVERVIEW

Package deal! 16 total single-family homes all tenant occupied! Big cash flow. 9.5 +- CAP RATE!! Properties are 707,711,713, 715,717,719,721,723,725,727,729,731, 733,735,737 North Westover Drive and 731 West Rd. All properties lead free certified. Long term tenants! Call listing agent for details. Do not contact or bother tenants!!!! Total monthly rents gross $17,600 plus or minus. Call listing agent for details. Tenants pay utilities. Pic was taken of one of the homes prior to current tenant moving in. The value here is in the income numbers. These numbers are hard to beat!! Tenants tend to stay long term!! Call Billy for details at 240-367-6122. CURRENT RENTS 707 $1100, 711 $1100, 713 $1100, 715 $1100, 717 $1100, $719, $1100, 721 $1100, 723 $1100, 725 $1100, 727 $1100, 729 $1100, 731 $1100, 735 $1100, 737 $1100, and $ 1100 West Rd $1100.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$237 USD /SF

# OF UNITS

16

PRICE/UNIT

$125,000

CAP RATE

9.5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

16 Single Family homes Portfolio in Salisbury

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1947

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.29 AC

LAND SF

56,357 SF

ZONING

Residential

APN/PARCEL ID

09-033890,09-033971

ASK ABOUT THIS PROPERTY

Billy BarrKeller Williams Realty of DelmarvaMore Info
240-367-6122

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Billy BarrKeller Williams Realty of DelmarvaMore Info
240-367-6122

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