211-225 North Brown Street, Fruitland, MD 21826 - Photo 1

1/1

$1,900,000

Sold
Closed
Commercial

1/1

Property Description

Exceptional investment opportunity in Fruitland, MD just south of Salisbury, MD. Built in 2010, offering 8 units with 100% occupancy, presenting a turnkey investment for the discerning Multifamily / Single Family Rental Portfolio investor. With a prime location in the MD Eastern Shore area and zoned R-3, this property promises a strong and consistent rental income. Don't miss the chance to own a well-maintained, income-generating asset in a desirable location. - 8 units totaling 8,754 SF -Strong occupancy history and low turnover -Easy to lease floor plans with 3 primary suites all with private baths -Repairs and maintenance are insignificant as leases require tenants to maintain the property. HOA provides lawncare - 100% occupancy with NOI of $144,322.66. Request P & L and Leases from listing agent - Prime MD Eastern Shore location constructed in 2010, zoned R-3

Full Property Details

Full Property Details for 211-225 North Brown St

General

Sold For: $1,900,000
Taxes: $19,955 (2023)
Status: Closed
Type: Commercial
Source: BrightMLSMidAtlantic
MLS ID: MDWC2014416
Added to Site: 182 day(s) ago

Business

Business Type: Other

Rooms

Bathrooms

Restrooms: 24

Parking

Total Spaces: 24
Parking Type: Parking Lot

Location

Area: Wicomico Southeast (23-04)
County: Wicomico
Development Name: Cedar Commons
Subdivision: Cedar Commons
Driving Directions: Located in the heart of Fruitland, MD.
City Limits: Yes

Heating & Cooling

Cooling Type: Heat Pump(s)
Cooling Fuel: Electric
Heating Type: Heat Pump(s)
Heating Fuel: Electric
Water Heater: Electric

Utilities

Sewer: Public Hook/Up Avail
Water: Public

Structural Information

Construction: Combination
Stories/Levels: 0
Year Built: 2010
Year Built Source: Estimated
Property Condition: Very Good

Unit Information

# Tenants: Multiple

Lot Features

Lot Size (Acres): 1.03
Lot Size (Sq. Ft.): 44,866
Lot Size Source: Estimated
Zoning: R-3

Financial Considerations

Price Per Sq. Ft.: $228.47
Assessment Year: 2023
Tax w/Assessment: $1,949,634
Tax Amount: $19,955
Tax Year: 2023

Disclosures and Reports

Ownership: Fee Simple

Listed by SVN/Miller Commercial Real Estate, Andrew Ball
Sold by Phoenix Real Estate, Michael R. Davis

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Listing agent

— 211-225 North Brown St —

Andrew Ball

SVN/Miller Commercial Real Estate

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Schools

Schools serving 211-225 North Brown St

Name	Grades	Distance
Fruitland Primary School 301 N Division St, Fruitland, MD 21826	PK-2	0.1 mi
Fruitland Intermediate School 208 W Main St, Fruitland, MD 21826	3-5	0.8 mi
Pinehurst Elementary School 520 S Pinehurst Ave, Salisbury, MD 21801	PK-5	2.3 mi
Bennett Middle School 532 S Division St, Fruitland, MD 21826	6-8	1 mi
Wicomico Middle School 635 E Main St, Salisbury, MD 21804	6-8	3.6 mi
Salisbury Middle School 607 Morris St, Salisbury, MD 21801	6-8	4.5 mi
James M. Bennett High School 300 E College Ave, Salisbury, MD 21804	9-12	2.3 mi
Career Technology Education 1015 Beaglin Park Dr, Salisbury, MD 21804	9-12	3 mi
Parkside High School 1015 Beaglin Park Dr, Salisbury, MD 21804	9-12	3 mi

Disclaimer: School ratings provided by GreatSchools. Ratings are on a scale of 1-10. Learn more about GreatSchools ratings. School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 211-225 North Brown St

Date

Details

Price

Change

Source

12/31/2024

Sold

$1,900,000

-5%

MLS

7/17/2024

Listed

$2,000,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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211-225 North Brown Street, Fruitland, MD 21826 (MLS# MDWC2014416) is a Commercial property that was sold at $1,900,000 on December 31, 2024. Want to learn more about 211-225 North Brown Street? Do you have questions about finding other Commercial real estate for sale in Fruitland? You can browse all Fruitland real estate or contact a Coldwell Banker agent to request more information.

211-225 North Brown St Fruitland, MD 21826