Property
Emmitsburg, MD 21727 501 W Main Street
$600,000
6 more
Presented By: RE/MAX Results
SQFT • 7,050
SQFT • 7,050Home Details
This commercial property, strategically located in the vibrant Downtown area, presents a compelling investment opportunity. Constructed in 1963 with durable materials such as brick, and stucco, the apartments (6) features a mix of laminate plank, partially carpeted, and vinyl flooring. Several units have been updated with new flooring, kitchen upgrades.The average condition of the property allows for customization to meet specific tenant needs, further enhancing its attractiveness to prospective renters. Parking options include on-street, multiple private garage, and a dedicated parking lot, addressing the essential requirement for accessibility in a bustling urban environment. With owner responsibilities covering common area maintenance, utilities, and repairs, this property offers a streamlined management experience. Investors can anticipate significant returns as the area continues to develop, making this an ideal addition to any portfolio.
Presented By: RE/MAX Results
Interior Features for 501 W Main Street
Bathrooms
Total Restrooms6
Other Interior Features
Central Air Y/NNo
FlooringLaminate Plank, Partially Carpeted, Vinyl
Heating FuelElectric
Heating Y/NYes
Hot WaterBottled Gas, Multi-tank
Total Stories2
Other Rooms
Entry Level1
General for 501 W Main Street
Acceptable FinancingCash, Conventional
AccessibilityDoors - Swing In, Level Entry - Main, 36 + wide Halls
Association Recreation FeeN
Business TypeApartment Building
CityEMMITSBURG
Construction MaterialsBlock, Concrete, Stucco
Cool FuelNone
CoolingNone
CountyFREDERICK
DirectionsFrom Frederick, take Rt 15 North, left on Seton Ave, left on W. Main St, Emmittsburg, to 501 W Main St.
Parking on street out front or in the rear.
DisclosuresExempt - Disclosure/Disclaimer, Lead Based Paint - Federal, Lead Based Paint - State, Lead Inspection Certificate Available
Fuel Expense1578.00
HeatingBaseboard - Electric
Historic Y/NNo
Insurance Expense3600.00
Lease Considered Y/NNo
Location TypeDowntown
Lot Size Square Feet10019.00
Lot Size UnitsSquare Feet
MaintenanceExpense3580.00
New ConstructionNo
Number Of Units Total6
OwnerPaysCommon Area Maintenance, Gas, Lawn/Shrub Care, Management, Repairs, Sewer, Snow Removal, Taxes - Real Estate, Trash Collection, Water
OwnershipFee Simple
PossessionImmediate, Negotiable
Possible UseApartment Building
Price Per Sq Ft Total AG85.11
Property ConditionAverage
Property SubtypeFive Or More Units
Property TypeCommercial Sale
Property UseInvestment
RoofAsphalt
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Tax Annual Amount6427.0
Tax Assessed Value431100.0
Tax Year2026
Total Actual Rent62940.00
Trash Expense530.00
UtilitiesCable TV Available, Electric Available, Propane, Sewer Available, Water Available
Vacation Rental Y/NNo
Water Access Y/NNo
Year Built1963
Year Built SourceEstimated
ZoningVZ
Exterior for 501 W Main Street
Building Area Total7050.00
Car Parking Spaces8
Fencing Y/NN
Foundation DetailsCrawl Space
Land Assessed Value78300.00
Lot Size Acres0.23
Lot Size SourceEstimated
Navigable Water Y/NNo
Parking FeaturesPrivate
Total Loading Docks0
Total Parking Spaces8
Type of ParkingOn Street, Parking Lot, Private Garage
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Waterfront Y/NNo
Additional Details
Price History
Monica Henriques
Real Estate Agent