No Address, Frederick, MD
Others for Sale
Property Info
CIMLS# | 849994 |
Location Frederick MD | |
Updated | February 14th, 2016 |
Type | Others |
Price | Upon Request |
Property Description
This 14,000 sf lot is well worth $28sf or $400,000 have tried to buy adjacent non-comml non-corner property for $28sf and been refused by r.e.appraiser owner.<br />
we have 6 rentals, two stores, 4 apartments. that have scheduled gross rents of $75,000 a year, tenant paid utilities, making it a 7xSGI income property, or $525,000.<br />
Offer us $400,000 cash or half cash and 6% OWC, and it is yours.<br />
We had $450,000 cash offer recently but buyer would not get planned financing;<br />
we sold it 2012 for 475,000 but low down and buyer was a flipper, had nice<br />
renderings of Subway Sandwich and 7-11 Store going in on this key large corner, but never happened, he abandoned it to us after milking the rents to recover his l0% down.<br />
You can make this a cash cow and with $200,000 down you'd have $1,000 mo. payments and $6500 mo. rents. And someday it will be a major development, storage units, apartments, inexpensive fuel,<br />
it is now 1/3 acre and will be 1/2 acre if you buy 7500 sf. adjacent.<br />
<br />
View Full Listing: <a href="http://realestate.oodle.com/j_a2xx_/4118362105-22281u566,787-0F2BE7D5FDE3/realestate.oodle.com___kTLN7Bc5mIREOfyZ-dzQX5UnB5R6favoa6W0IO36QEx9nDQyldAyojLLw5BsHYADUiScBGftbr70hxk-WTfZbhCDLVfNPzwiSG-_0AUDapmSttVcuHIc7pQJypDwsOxk0g7S30FwIjidWdkgdfMWRd6VA45DyyDh5Cd8Z86tr-kHv1gZQA68iN6VA45DyyDhPc3F-IBIo01r2rSfxwr-et_kmo1lOCm07N6lbMBsledHXp05AI6pA2_dIc7A07EQ" rel="nofollow">here</a>