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Full details for Other For Sale in Fruitland, Maryland

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Description

Price reduction brings price per unit down to Under $107,000 each!! Ready to invest in a rental friendly town? This 3 unit (2 bedroom, 1 bathroom in each unit) Triplex in Fruitland has been a solid investment property with great rental returns. Several upgrades over the years including a metal roof, gutters. replacement windows, new laminate flooring in one of the unit and other upgrades performed. Each unit has washer and dryeru2019s, a partial basement for storage, a storage shed/garage and front screened in porches. Desirable Fruitland School District and approximately a mile away from Salisbury University! Fantastic location! Current rental income is $2,700/mo with long term tenants but opportunity to increase rents and option to make this a student housing property. Oru2026buy the property and live in 1 unit, while you rent out the other two! Market rent anticipated to be $1,000-$1,100 or more per unit generating over $3,000-$3,300 or more per month in rent. Tenants pay city of Fruitland water & sewer bill and all utilities. Why buy single family homes when you can buy 3 units under one roof which means lower operating costs, maintenance costs, etc etc, and more profit to you. Multi family properties are the way to go - and they don't come on the market that often for a reason. Please do not walk the property or disrupt tenants. Must be shown with an Agent. Back to listing