$425,000 Price Analysis 510 W Main StCrisfield, MD 21817 3 bed None bath 5,924 SqFt ($71/SqFt) 3,901SqFt lot. Built 1946 Listed 2024-04-03 | ✓ USDA Eligible near Crisfield, MD Restrictions may apply due to home size |
Up for sale! This property has 3 residential apartment units and has one of the Best Locations right in the heart of Crisfield and on the Major Rd with Tons of Traffic and Visibility. It has been updated over the last 10-20 Years wth all Residential and Commercial Units having Central Air and Heat systems installed, Replacement Windows, Roof and the Electrical and Plumbing Systems Replaced / Updated. The Subway restaurant is no longer there, ( Pics reflect when Subway was occupying the property ), The unit is Vacant and ready for a new operator. The apartments generate approximately 2900.00 per month in gross income, When both commercial unit s are rents, it will provide another 2300.00 per month gross income for a total of 5200.00 a month or more . You may turn the residential apartments into AIR BNB over time or buy this property and live in one of the units while running your business below!
or buy it strictly as an investment! The possibilities are Endless! Crisfield is Growing and the City has many Initiatives and Improvements to its Infrastructure in the Works and offers a fantastic opportunity for new investors and Business owners! Price reflects a great way to Own your own Multifamily and Commercial Building for an entry level price compared to other surrounding Markets. Ask your agent for the financials on this property and the details to see why this Property is a Great Investment Opportunity !
Presented by David Willman at
Coldwell Banker Realty.
Property MLS #MDSO2004364 from BrightMLS
The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.