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242 W Main St, Elkton, MD 21921

$262,500
: 2,976
SqFt

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List Price: $262,500
Status: ACTIVE
Days on Market: 48
MLS#: MDCC2022994
Subtype: Multi-Family
Style: Colonial
Year Built: 1915
Living Area: 2,976
Lot Size: 13,242
Acres: 0.30

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Property Description

Prime Investment Opportunity, Quadraplex Close to Town Investors, take note. This four-unit quadraplex offers strong income potential in a convenient location just minutes from town. The property features one spacious 2-bedroom, 1-bath unit and three comfortable 1-bedroom, 1-bath units — a versatile mix that appeals to a wide range of tenants. One unit is currently leased at $685 on a month to month lease, three are vacant. With each unit projected to rent for approximately $1,000 or more per month, this property offers the potential to generate $4,000+ in gross monthly income. Whether you're growing your rental portfolio or looking for your first multi-unit investment, this is an opportunity worth a closer look. Don't miss your chance to own a income-producing property in a desirable, close-to-town setting. Schedule your showing today!

540.820.5183

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Additional Information

Taxes: $3,391
Property Description: Colonial
Zoning: R3
Heating: Heat Pump
Air Conditioning: None
Foundation: Other
School District: Cecil County Public Schools