$190,000
$195,000
2.6%For more information regarding the value of a property, please contact us for a free consultation.
1,355 SqFt
SOLD DATE : 11/13/2020
Key Details
Sold Price $190,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 1,355 sqft
Price per Sqft $140
Subdivision Frederick Historic District
MLS Listing ID MDFR267842
Sold Date 11/13/20
Style Colonial
HOA Y/N N
Abv Grd Liv Area 1,355
Originating Board BRIGHT
Year Built 1890
Annual Tax Amount $1,319
Tax Year 2020
Lot Size 3,872 Sqft
Acres 0.09
Property Description
Offering Price Includes 2 Detached Single Family Residences 207 and 209 Phebus Avenue With 2 Tax ID Numbers But On One Deed Currently Leased And Being Sold/Conveyed AS IS. Public Records Incorrect Approximately 1355 SQ/FT Grade & Above For 207/209 Phebus Ave Per Recent Appraisal. Both Properties Have Had Recent Improvements Approximately 2015 Forward That Includes New Windows # 207 Has Medal Windows, & # 209 Has Vinyl Windows. Both Residential Metal Roofs Painted, HVAC Mitsubishi Wall Units Convey 1 Installed In # 207 & 2 Installed In # 209. Updated Electrical Wiring & Plumbing Completed In Both Properties In 2015 As Well. Lead Certificates Are Current & On File For Each Property. Lease For # 207 Is $720.00 Per Month Long Term Tenant & Lease Expires 02/28/2021. Lease For # 209 Is $1120.00 Per Month & Lease Expires 8/31/2020. Both Properties Are Managed By Owner. Deeded Off Street Parking Conveys For Each Property. Tenants Pay Water And Sewer Charges Quarterly. Above Grade Square Footage For Both Properties Is Approximately 1355 SQ/FT Per Recent Appraisal By Six & Associates, Inc. # 207 Has One Full Bath & # 209 Has One Full Bath Plus Half Bath. Fenced Rear Yards With Privacy. Walk To Downtown Amenities, Shopping, Carroll Creek Promenade, Community Pool, And MARC Rail Station. Gross Monthly Rent Is $1840.00 Per Month Or $22,080.00 Annually. Annual Net Operating Income Is Approximately $18,710.00 Which Yields Annual Capitalization Rate Of About 8.0 Percent. Monthly Income Could Be Increased. Both Properties Have Separate Tax ID Numbers Which Would Provide The Opportunity To Separate Both Properties With Individual Deeds.
Location
State MD
County Frederick
Zoning DR
Interior
Interior Features Floor Plan - Traditional
Hot Water Electric
Heating Baseboard - Electric, Wall Unit
Cooling Ductless/Mini-Split, Multi Units, Wall Unit
Flooring Other
Equipment Dryer, Oven/Range - Electric, Refrigerator, Washer, Water Heater, Exhaust Fan
Fireplace N
Window Features Screens,Vinyl Clad,Double Hung
Appliance Dryer, Oven/Range - Electric, Refrigerator, Washer, Water Heater, Exhaust Fan
Heat Source Electric
Exterior
Exterior Feature Patio(s), Deck(s)
Garage Spaces 1.0
Utilities Available Cable TV, Electric Available, Phone, Sewer Available, Water Available
Waterfront N
Water Access N
View Street, Garden/Lawn
Roof Type Metal
Accessibility None
Porch Patio(s), Deck(s)
Road Frontage City/County
Parking Type Driveway, On Street
Total Parking Spaces 1
Garage N
Building
Lot Description Backs to Trees, Cleared, Rear Yard
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Colonial
Additional Building Above Grade, Below Grade
Structure Type Dry Wall
New Construction N
Schools
Elementary Schools Lincoln
Middle Schools West Frederick
High Schools Frederick
School District Frederick County Public Schools
Others
Tax ID 1102069210
Ownership Fee Simple
SqFt Source Assessor
Security Features Smoke Detector
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash
Financing Conventional,Cash
Special Listing Condition Standard
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