$249,900 400 - 406 WALNUT STREET , WESTERNPORT
- MLS#:MDAL2011000
- Property Type: Commercial Sale
- Address: 400 - 406 WALNUT STREET
- City / Zip:WESTERNPORT, MD 21562
- County:ALLEGANY
- Bedrooms:0
- Bathrooms:0
- Heated Sq Ft:3,384
- Building Sq Ft:3,384
- Acres:0.04
- Year Built:1949
- Zoning:SUBURBAN / RESIDENTIAL
- Date Listed:02/21/2025
Agent's Comments
All the hard work is donejust 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 opportunityuse 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 wont climb foreverhedge 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 nowopportunities like this dont last!
- Listing provided courtesy of the MLS.
