400 - 406 WALNUT ST Active Save Request In-Person Tour Request Virtual Tour
Westernport,MD 21562
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 3,384 sqft
Price per Sqft $73
MLS Listing ID MDAL2011000
Originating Board BRIGHT
Year Built 1949
Annual Tax Amount $562
Tax Year 2024
Lot Size 1,700 Sqft
Acres 0.04
Property Sub-Type Five Or More Units
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
Heat Source Electric
Exterior
Water Access N
View Street
Roof Type Rubber
Street Surface Black Top
Accessibility None
Road Frontage Public,City/County
Garage N
Building
Lot Description Sloping,Road Frontage,Premium
Foundation Block,Brick/Mortar
Sewer Public Sewer
Water Public
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 Assessor
Acceptable Financing Conventional,Cash
Listing Terms Conventional,Cash
Financing Conventional,Cash
Special Listing Condition Standard