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230 LAKEWOOD DRIVE Salisbury, MD 21804
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Key Details
Sold Price $475,000
Property Type Single Family Home
Sub Type Twin/Semi-Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 2,688 sqft
Price per Sqft $176
MLS Listing ID MDWC2014740
Sold Date 11/08/24
Style Contemporary
Abv Grd Liv Area 2,688
Originating Board BRIGHT
Year Built 2002
Annual Tax Amount $4,899
Tax Year 2024
Lot Size 0.340 Acres
Acres 0.34
Property Description
Investment Opportunity in a Strong Rental Market
2 unit, 2688 Square Foot Duplex on Tony Tank Pond consisting of Two, Four Bedroom/Two bath units
Rental Income of $50,780 and NOI of $36,213 which includes professional management.
Both units are in great condition with no deferred maintenance.
Tenants are responsible for all utilities & water/sewer.
The leases are designed to give the Landlord 12 days to turn the unit while rent is still being paid.
Both units are fully rented for 2024/2025 school year.
Buyers can tour the interior of the units with an agreed upon LOI.
Location
State MD
County Wicomico
Area Wicomico Southeast (23-04)
Zoning R-5
Interior
Hot Water 60+ Gallon Tank
Heating Heat Pump(s)
Cooling Heat Pump(s)
Fireplace N
Heat Source Electric
Exterior
Garage Spaces 6.0
Water Access Y
View Pond
Accessibility None
Total Parking Spaces 6
Garage N
Building
Foundation Block
Sewer Public Sewer
Water Public
Architectural Style Contemporary
Additional Building Above Grade
New Construction N
Schools
School District Wicomico County Public Schools
Others
Tax ID 2313061718
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
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Bought with Nathan Harding • Sharon Real Estate P.C.