104 MAPLE AVE $500,000


    Open House More Info

    • 05-26 11:00AM-11:00AM


    • 7,296 sq. ft.
    • 0.24 Acres
    • Commercial
    • MLS# MDKE2001438

    Open House More Info

    • 05-26 11:00AM-11:00AM
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    Views: 4 Days On Site: 6

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    Property Details

    GUIDED TOUR ON THURSDAY, MAY 26TH, PROMPTLY AT 11:00 AM! List price to be opening bid at online only auction. Registration and bidding begins Thursday, June 2nd and ends on Tuesday, June 7, 2022 @ 1:00 pm. 6-Unit Apartment Building Located in the 'Chestertown' Area of Kent County **Gross Scheduled Annual Rent of $86,100** Exceptional opportunity to purchase a 6-Unit Apartment Building. All the units are separately metered. Each upper level unit has access to a balcony. The units on the main level have access to the front porch. Most units have wood type floors. There is off street parking available. Location: Chestertown is in Kent County; the apartment complex is conveniently located just a few blocks over the Chester River Bridge (Rte 213). The property has a convenient location near dining, shopping, schools, recreational facilities, and access to transportation routes. The building is located blocks away from Washington College, the University of MD Medical Center and the Downtown Historic District. Current Gross Scheduled Monthly Rent: $7,175. Current Gross Scheduled Annual Rent: $86,100. Unit Information: All 6 units include 2 bedrooms, 1 full bath, a kitchen and a living area. Units 1 & 2 are located on the main level. Units 3 & 4 are located on the second level. Units 5 & 6 are located on the third level. The lower level is not occupied. The units on the main level and 3rd floor have central air and force hot air heat.The units on the 2nd level have mini-split A/C with heat. Rent Roll: Unit 1 (2 Bedrooms / 1 Bath): Currently Rented for $1,050/monthly. Unit 2 (2 Bedrooms / 1 Bath): Currently Rented for $1,450/monthly. Unit 3 (2 Bedrooms / 1 Bath): Currently Rented for $1,200/monthly. Unit 4 (2 Bedrooms / 1 Bath): Currently Rented for $1,100/monthly. Unit 5 (2 Bedrooms / 1 Bath): Currently Rented for $1,150/monthly. Unit 6 (2 Bedrooms / 1 Bath): Currently Rented for $1,225/monthly.

    • General Features
      • County KENT
      • Municipality Chestertown
      • New Construction Y/N N
      • Sale Type Auction
      • Tax Annual Amount 5316.00
      • Tax Year 2021
      • Water Access Y/N N
      • Waterfront Y/N N
      • Year Built 1927
      • Zoning R-3
    • Building Features
      • Building Total SqFt 7296.00
      • Building Units Total 6
      • Business Type Apartment Building
      • Cooling Fuel Electric
      • Cooling Type Central A/C
      • Garage Y/N N
      • Heating Fuel Other
      • Heating Type Hot Water
      • Sewer Septic Public Sewer
      • Total Garage And Parking Spaces 0
    • Property Features
      • Lot Size Acres 0.24
      • Lot Size Dimensions 1.00 x
    • Schools
      • School District KENT COUNTY PUBLIC SCHOOLS



    21620 (CHESTERTOWN) Demographics

    44 Median Age
    96 Population Density (per sq. mile)
    44% College Educated
    $63,806 Estimated Median Income
    3,311 Estimated Total Home Owners
    1,775 Estimated Total Renters
    65% / 35% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    12,850 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $306,000 Median Sales Price
    16 Homes Sold
    28 New On Market

    Average Days on Site

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        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $500,000
        5/12/2022 3:30:00 PM New in Database Source: Multiple Listing Service New Value: $500,000

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        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.