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Investment Opportunity: 6-Unit Apartment Building with Stable Tenancy Discover a prime investment in this well-maintained 6-unit spacious, 4,800 sq. ft. apartment building, ideally located in Taneytown MD. Currently fully occupied, this property offers a reliable income stream, $5,225 gross monthly income. The unit composition includes three 1-bedroom and three 2-bedroom apartments, accommodating a diverse range of renters. All units are on month-to-month leases, offering flexibility for future adjustments. One unit (Unit 1) is HUD approved, and all units are certified Lead Free. Two of the apartments have been completely remodeled"”one in 2023 and the other in 2024"”while the updated lobby adds a welcoming touch for tenants and guests alike. The building sits on a slab foundation and has a newer roof installed in 2022, adding to its low-maintenance appeal. Each unit is equipped with electric baseboard heat and some units with window A/C units. The property is home to long-term tenants, many of whom have been renting for years and would like to stay. This turnkey property presents an excellent opportunity for investors seeking a low-maintenance asset with immediate rental income. Don't miss out on this chance to expand your portfolio in a thriving rental market. Schedule your viewing today!
| DAYS ON MARKET | 3 | LAST UPDATED | 6/10/2025 |
|---|---|---|---|
| YEAR BUILT | 1948 | COUNTY | CARROLL |
| STATUS | Active | PROPERTY TYPE(S) | Commercial |
| School District | CARROLL COUNTY PUBLIC SCHOOLS |
|---|
| ADDITIONAL DETAILS | |
| AIR | Ceiling Fan(s), Electric, Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Electric Water Heater |
| CONSTRUCTION | Vinyl Siding |
| HEAT | Baseboard, Electric |
| LOT | 4356 sq ft |
| PARKING | On Street |
| SEWER | Public Sewer |
| STORIES | 2 |
| TAXES | 6150 |
| VIEW | Yes |
| VIEW DESCRIPTION | Street, City |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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