Description

Whether you're an investor looking for 2 updated and separately metered rental units, a homeowner looking to live in one unit and rent the other, or are looking for a multi-generational home with an in-law or college student apartment - this property could make your real estate dreams come true! This home retains the charm of a Victorian but with all new laminate flooring, updated bathrooms and kitchens, a heat pump that is less than 2 years old, and off-street parking. The lower unit (A) has 2 bedrooms and1 full bath, a large open combination kitchen/dining/living area, a new in-unit washer & dryer, and front and rear exits. The upper unit (B) has 1-2 bedrooms and 1 full bath with an eat-in kitchen and a bonus office/sunroom. You'll appreciate the convenience of off-street parking for 2 vehicles as well as ample on-street parking. The home, overlooking the corner of New York and N. Division, is very walkable with sidewalks in all directions and is just a few blocks from Business 13, a few minutes drive to Salisbury University and downtown shopping, and only 45 minutes to Ocean City beaches and many other Eastern Shore attractions! The updates have been completed for you, this property is ready for you to turn into an income-producing property or a single residence or a combination of the two! Owner is in the process of registering as a rental and is making additional exterior updates accordingly. With nearby similar 1 and 2 bedroom units listed up to $1250 per month each, there is excellent rental income potential with this property! Unit B is vacant and available for showings with minimal notice; Unit A is occupied and requires one day notice for showings. Current occupant is a family member with potential for signing a lease with new owner at $1050 per month plus tenant paying for gas, electric, water, sewer, and trash. Buyers and their agents should do their due diligence to confirm all information including utility and meter information, rental income potential, property taxes, schools, and local/state rental requirements. Agents - please see Agent Remarks and Disclosures for additional information.