$154,900
$154,900
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317 CHESTNUT WAY Salisbury, MD 21804
5 Beds
2 Baths
1,596 SqFt
Key Details
Sold Price $154,900
Property Type Single Family Home
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 1,596 sqft
Price per Sqft $97
Subdivision None Available
MLS Listing ID MDWC2012478
Sold Date 05/24/24
Style Other
Bedrooms 5
Full Baths 2
HOA Y/N N
Abv Grd Liv Area 1,596
Originating Board BRIGHT
Year Built 1941
Annual Tax Amount $110
Tax Year 2023
Lot Size 7,500 Sqft
Acres 0.17
Lot Dimensions 0.00 x 0.00
Property Description
**Property is part of a larger portfolio and will not be sold individually.** Welcome to an exceptional investment opportunity! This diversified portfolio consists of 19 properties comprising a total of 20 units, primarily single-family homes, along with one duplex. With a gross annual rental income of $319,860, this portfolio offers a robust and steady income stream for savvy investors and with some properties being newly renovated and others offering value-add opportunities, the potential is limitless! Tenants are responsible for water, trash, sewer and lawn maintenance, ensuring minimal expenses for the property owner. All properties are located in Salisbury and Fruitland, so they benefit from a stable rental demand and strong long-term tenant occupancy. Whether you’re a seasoned investor or just getting started in real estate, this portfolio offers the potential for significant returns and long-term wealth accumulation.
Location
State MD
County Wicomico
Area Wicomico Northeast (23-02)
Zoning R15
Rooms
Main Level Bedrooms 5
Interior
Hot Water Electric
Heating Central
Cooling Central A/C
Fireplace N
Heat Source Electric
Exterior
Waterfront N
Water Access N
Accessibility None
Garage N
Building
Story 1
Foundation Block
Sewer Private Septic Tank
Water Private
Architectural Style Other
Level or Stories 1
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Wicomico County Public Schools
Others
Senior Community No
Tax ID 2305054060
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Aubrey Campbell • Keller Williams Realty Delmarva
