613 Chapel Thru 617 Alley

Description

Great investment opportunity in downtown Frederick with off street parking. Three units in all - live in one and rent the other two or rent all three as this property has great potential. Each unit has a full kitchen and laundry machines, living room and dining room on the main level with rear access to the parking area. The upper levels each have one bed and one full bath, with unit #617 having a bonus room. Each also has walk up attic access and an unfinished basement. Well maintained with some recent updating which includes some flooring and paint. Current annual rental income is $47,520 and tenants pay all utilities. Two units share water, while the 3rd has its own meter and all have separate electrical meters. Owner has been maintaining property to control expenses but this presents a great opportunity. Nice location, walkable to points of interest in downtown and close to commuting routes. Please allow 48 hours notice to coordinate with all tenants for showings.