About 227/229 North Brown St
Investment Opportunity in a Strong Rental Market. No changes in asking rent for 3 years and current market rent is $75-$100 higher per bedroom. - 2 unit, 2274 Square Foot Duplex consisting of Two, Three Bedroom/Three bath units & are rented for 2025/2026 school year. -Rental Income of $41,400 and NOI of $$31,093.47 - Both units are in great condition with no deferred maintenance. -Tenants are responsible for all utilities & water/sewer. -The leases are designed to give the Landlord 12 days to turn the unit while rent is still being paid. -Buyers can tour the interior of the units with an agreed upon LOI.
Features of 227/229 North Brown St
| MLS® # | MDWC2018048 |
|---|---|
| Price | $455,000 |
| Bathrooms | 0.00 |
| Square Footage | 2,274 |
| Acres | 0.28 |
| Year Built | 2009 |
| Type | Multi-Family |
| Sub-Type | Duplex, Twin/Semi-Detached |
| Style | Cape Cod |
| Status | Active |
Community Information
| Address | 227/229 North Brown St |
|---|---|
| Area | Wicomico Southeast (23-04) |
| City | FRUITLAND |
| County | WICOMICO-MD |
| State | MD |
| Zip Code | 21826 |
Amenities
| Is Waterfront | No |
|---|
Interior
| Heating | Heat Pump - Electric BackUp |
|---|---|
| Cooling | Heat Pump(s) |
| Has Basement | No |
| Fireplace | No |
Exterior
| Exterior | Combination |
|---|---|
| Foundation | Crawl Space |
School Information
| District | WICOMICO COUNTY PUBLIC SCHOOLS |
|---|
Additional Information
| Date Listed | May 15th, 2025 |
|---|---|
| Days on Market | 163 |
| Zoning | R-3 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | SVN |Miller Commercial Real Estate |
|---|---|
| Contact Info | 410-543-2440 |