$826,800
$400,000
106.7%For more information regarding the value of a property, please contact us for a free consultation.
6,144 SqFt
SOLD DATE : 06/30/2023
Key Details
Sold Price $826,800
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 6,144 sqft
Price per Sqft $134
MLS Listing ID MDSM2012314
Sold Date 06/30/23
Originating Board BRIGHT
Year Built 1960
Annual Tax Amount $8,693
Tax Year 2023
Lot Size 0.459 Acres
Acres 0.46
Property Description
List price to be opening bid at online only auction. Bidding Begins Friday, April 14th and ends on Wednesday, April 19th @ 1:00 PM. Parking spots on bright listing are approximate. Substantially leased (7 out of 8 units) Mixed Use Building Containing Six Apartment Units and Two Commercial Units in the "Lexington Park" Neighborhood of St. Mary's County. Located approximately 4 blocks from the main gate of Patuxent River Naval Air Station the property enjoys prime frontage on the highly trafficked Great Mills Road. IMPROVEMENTS: The property consists 6 apartment units and 2 commercial units. There is ample parking in the front as well as a private a rear parking lot. The front of the property contains the commercial units and the rear of the property is where the apartment entrances are located. The property contains two commercial units, 2 studio apartments and 4 2-bedroom apartments.
Unit Rent & Description: The property is currently substantially leased (7 out of 8 units). Apartment 2 is vacant and has an estimated market rent of $1,150. Current Gross Monthly Rent: $10,150. Current Gross Scheduled Annual Rent: $121,800. Potential Gross Monthly Rent Based On Full Occupancy $11,300
Potential Gross Annual Rent Based On Full Occupancy $135,600. SITE: Lot size: 19,995 SF +/- SQ FT zoned MXH (Mixed Use High Density). UTILITIES: The property is served by gas, electric, public water and public sewer.
Location
State MD
County Saint Marys
Zoning DMX
Interior
Hot Water Other
Heating Forced Air
Cooling Central A/C
Heat Source Other
Exterior
Garage Spaces 25.0
Waterfront N
Water Access N
Accessibility Other
Parking Type Parking Lot
Total Parking Spaces 25
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District St. Mary'S County Public Schools
Others
Tax ID 1908000387
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Auction
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Matthew S Cooper • Alex Cooper Auctioneers, Inc.
“Molly's job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! ”