809 Hanson St - Apartments FOR SALE


Salisbury, MD 21801
$1,050,000 USD
410-844-4160
809 Hanson St, Salisbury, MD for Sale
$1,050,000 USD
Apartments - FOR SALE
1/10
null | Request Cap Rate

809 Hanson St
Salisbury, MD 21801


HIGHLIGHTS

  • Prime Location: Conveniently located near local educational institutions, healthcare facilities, major employers, and entertainment options.
  • 2 spacious 2-bedroom apartments and 6 comfortable 1-bedroom apartments, all with identical layouts.
  • Each unit features its own washer and dryer, central heating and air, and is separately metered for utilities.
  • Proven steady rental income with consistent full occupancy, demonstrating high demand in the area.

OVERVIEW

This is a well-maintained 8-unit multifamily property in Salisbury, MD that makes for an excellent cash-flowing investment opportunity, which offers a prime location for renters looking for proximity to local educational and healthcare institutions. The property consists of three separate buildings, offering a mix of 1 and 2 bedroom apartments, all having their own washer and dryer, central heating and air and are separately metered. As it pertains to the floor plan for each apartment, the one or two bedroom apartments are identical with comfortable living spaces and onsite parking, adding convenience for residents. With its steady rental income and strong location, this property makes for an ideal addition to any investment portfolio.

FOR SALE DETAILS

PRICE

$1,050,000 USD

PRICE/SF

$329 USD /SF

# OF UNITS

8

PRICE/UNIT

$131,250

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hanson/Monticello St.

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1988

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,358 SF

ZONING

OSR

APN/PARCEL ID

13-032262

ASK ABOUT THIS PROPERTY

Kristen PowellDavis Strategic - Keller Williams Realty DelmarvaMore Info
410-844-4160

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Kristen PowellDavis Strategic - Keller Williams Realty DelmarvaMore Info
410-844-4160

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