$1,600,000
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22108 Pegg Road Lexington Park, MD 20653
Multi-Family
Residence
Beds
Baths
11,008
Sq. Ft.
1.05
Acre
Lot
Property Activity
Time on Site
days
Days on Market
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PORTFOLIO SALE! Attention investors and landlords: Donât miss out on this incredible investment opportunity in Saint Mary's County, Maryland. This multi-dwelling package presents an excellent opportunity to expand your portfolio with nine residential townhome units. Each of the townhomes in thi...s package have undergone several upgrades since 2019 which include kitchens, appliances, flooring, roof shingles and gutters, HVAC as well as rear decks on the Pegg Road units. The inclusion of washer and dryers in each unit adds convenience and value to both landlords and prospective tenants. The portfolio sale includes 22108 Pegg Rd, 22112 Pegg Rd, 22114 Pegg Rd, 22116 Pegg Rd, 22089 Spring Valley Dr, 22091 Spring Valley Dr, 22093 Spring Valley Dr, 22095 Spring Valley Dr and 22097 Spring Valley Dr. Currently all nine units are leased and tenant occupied providing immediate cash flow (UPDATE: 22108 Pegg went vacant as of 10/8 and is currently listed for rent). All units are currently managed by a professional property management company ensuring a seamless transfer of ownership from a tenant perspective while sustaining efficient and hassle free operations. With an estimated fully occupied annual gross income of $162,000, these units offer a potential for stable and substantial rental income. There is no home owners association. The homes are located very close to NAS PAX with Pegg Road being directly across Three Notch Road from the Buse Rd Gate 1 base entrance. Easy access to major traffic arteries, Saint Maryâs County Public Transit and convenient to the many amenities offered by the Lexington Park area. This investment opportunity offers a strong rental market and the potential for long-term appreciation. Don't miss out on the chance to add these lucrative townhome units to your portfolio. Seller is offering the current ownership name and LLC in addition to the real property. Only serious purchasers please. Owner requires purchaser proof of funds prior to disturbing tenants with showing appointments.
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MLS#
MDSM2021128
Property Type
Multi-Family
Year Built
1986
Square Feet
11,008
sq. ft
Price per Sq. Ft.
$145.35
Lot Size
1.05
Sewer
Public Sewer
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