400 - 406 WALNUT STREET Pending Save Request In-Person Tour Request Virtual Tour
Westernport,MD 21562
Key Details
Property Type Multi-Family
Sub Type Detached
Listing Status Pending
Purchase Type For Sale
Square Footage 3,384 sqft
Price per Sqft $66
MLS Listing ID MDAL2011174
Style Traditional
Abv Grd Liv Area 3,384
Year Built 1949
Annual Tax Amount $562
Tax Year 2024
Lot Size 1,742 Sqft
Acres 0.04
Property Sub-Type Detached
Source BRIGHT
Property Description
All the hard work is done—just start collecting rent! This freshly renovated 6-unit apartment building in Westernport, MD, is a prime opportunity to secure a long-term, income-producing asset in a community on the rise. With two efficiency units and four one-bedroom apartments, this property has the potential to generate over $44,000 in gross annual income. Each unit has been completely updated, featuring fresh paint, new flooring, and modernized kitchens and bathrooms, creating an attractive and comfortable living space for tenants. The exterior has been repainted, ensuring years of low-maintenance upkeep, while new electrical services, updated interior wiring, and plumbing replacements provide efficiency and reliability. Electric baseboard heating delivers cost-effective climate control for each unit. The unfinished basement presents an additional value-add opportunity—use it as spacious storage or transform it into an on-site laundry facility to further increase your income stream. Why start small when you can scale from the beginning? This configuration provides the income necessary to establish yourself as a successful real estate investor or serves as the perfect addition to an already thriving portfolio. The stock market won't climb forever—hedge against inflation with a solid real estate investment. This is your chance to secure a high-performing, income-generating asset with immediate rental potential. Act now—opportunities like this don't last!
Location
State MD
County Allegany
Area Sw Allegany - Allegany County (Mdal9)
Zoning SUBURBAN / RESIDENTIAL
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling None
Flooring Laminated,Luxury Vinyl Plank
Fireplace N
Heat Source Electric
Exterior
Water Access N
View Street
Roof Type Rubber
Street Surface Paved
Accessibility None
Road Frontage City/County
Garage N
Building
Lot Description Premium,Road Frontage,Sloping
Foundation Block,Brick/Mortar
Sewer Public Sewer
Water Public
Architectural Style Traditional
Additional Building Above Grade,Below Grade
Structure Type Dry Wall,Paneled Walls
New Construction N
Schools
Elementary Schools Westernport
Middle Schools Westmar
High Schools Mountain Ridge
School District Allegany County Public Schools
Others
Tax ID 0108016852
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Financing Cash,Conventional
Special Listing Condition Standard