MLS #: CC8594875
INVESTOR ALERT! 5 Bedroom Duplex Investment Property114 Park Circle, Elkton, MD 21921$219,500 KEY FEATURES
Year Built: 1950
Sq Footage: 2813 sqft.
Bedrooms: 5 Beds
Bathrooms: 2 Baths
Floors: 3
Parking: 4+
Laundry: In Unit
Lot Size: 0.62 Acres
Property Type: Multi-Family
DESCRIPTIONLarge 5 bedroom split-level in Elkton Heights (2,813 sq ft). Currently converted into two rental units - One 3BR 1BA unit upstairs and one 2BR 1BA unit downstairs. Fully rented to long term tenants with flawless payment history. Rent is low for 3 bed unit as the tenant there takes care of the grounds maintenance. Property has positive cash flow rent $22380/yr. The property could easily be converted back to a single family home if desired. Lots of recent updates including ceramic tile floor in Kitchen and Bathroom, hardwood. Two car garage. Split rail fence around one of the biggest back yards in this neighborhood. Shaded back yard great for cooking out. Nice quiet family oriented neighborhood. You will see people working on their gardens and walking their dogs around the circle.
Note: I currently have this listed on MLS but have the option of sale by owner or sale via agent. If you are interested keep in mind I have more flexibility on the sale price with a sale by owner offer as I would not have to pay commission to an agent.Why am I selling this property? Long story short I lived in the upstairs unit for about 2 years while renting out the downstairs unit. So if I sell the property within the next two years a large part of the proceeds will not be taxed (principal residence) so it makes sense to sell now.
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