Listing Details!
List price to be opening bid at online only auction. Auction to take place to the Auctioneer's website. Bidding begins Saturday, April 6th & ends Thursday, April 11, 2024 at 12:00 pm. Exceptional opportunity to purchase a 12-Unit Apartment Complex comprised of 3 adjacent buildings. 11 out of 12 units are currently rented. Location: Chestertown is in Kent County; the apartment complex is conveniently located just a few blocks over the Chester River Bridge (Rte 213). The property has a convenient location near dining, shopping, schools, recreational facilities, and access to transportation routes. The building is located blocks away from Washington College, the University of MD Medical Center and the Downtown Historic District. **Current Gross Monthly Scheduled Rent of $14,044** **Current Annual Gross Scheduled Rent of $168,528** Each Unit is a 1 bedroom, 1 bath single level apartment. Rent Roll: 321 Calvert St rented for $1050/month. 323 Calvert St rented for $920/month. 325 Calvert St rented for $1150/month. 327 Calvert St rented for $1300/month. 329 Calvert St rented for $900/month.
Property Details
MLS #
MDKE2003750
Property Type
Commercial Sale
Listing Status
PENDING
Listing Price
$900,000
Year Built
1987
Lot Acreage
NA
Subdivision
City
CHESTERTOWN
County
KENT
Water Source
Public
Sewer
Public Sewer
Zoning
R-5
Exterior Details
Home Type
Parking
Parking Lot
Interior Details
Interior Space
sq ft
Heating
Other - Other
Cooling
Electric - Other
Hot Water
Other
Accessibility Features
None
Financial Details
County Tax
$8,533.00
Special Tax Assessment
$0
Tax Year
2023
Total Assessment
$544,500
Total Taxes
$8,533
Listing Courtesy of
Listing Office
Alex Cooper Auctioneers, Inc.
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