Crisfield MD Multi Family for Sale
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.09 Acres
- Year built:
- 1946
- Baths:
- MLS#:
- MDSO2004364
ADDITIONAL INFORMATION
Multi Unit Commercial & Multi Family Investment property in growing Crisfield Md. up for sale! This property has 3 residential apartment units and has one of the Best Locations right in the heart of Crisfield and on the Major Rd with Tons of Traffic and Visibility. It has been updated over the last 10-20 Years with all Residential and Commercial Units having Central Air and Heat systems installed, Replacement Windows, Roof, and the Electrical and Plumbing Systems Replaced / Updated. The Subway restaurant is no longer there, ( Pics reflect when Subway was occupying the property ), The unit is Vacant and ready for a new operator. The apartments generate approximately 2900.00 per month in gross income, When both commercial units are rents, it will provide another 2300.00 per month gross income for a total of 5200.00 a month or more ! You may turn the residential apartments into AIR BNB over time or buy this property and live in one of the units while running your business below! or buy it strictly as an investment! The possibilities are Endless! Crisfield is Growing and the City has many Initiatives and Improvements to its Infrastructure in the Works and offers a great opportunity for new investors and Business owners! Price reflects a great way to Own your own Multifamily and Commercial Building for an entry level price compared to other surrounding Markets. Ask your agent for the financials on this property and the details to see why this Property is a Great Investment Opportunity !
$269,900
302 Pine Street Crisfield, MD 21817
- Type:
- Twin Home
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.14 Acres
- Year built:
- 1915
- Baths:
- MLS#:
- MDSO2002526
ADDITIONAL INFORMATION
ENDLESS POSSIBILITIES IN THE CRAB CAPITAL OF THE WORLD! If you like seafood, especially crabs, This 2,914 square feet Triplex has been Renovated with a New Architectural Shingle Roof, New Vinyl Siding, New Luxury Vinyl Plank Floors, New Stainless Steel Appliances, New Hot Water Heaters, New Gutters and Downspouts, New Storm Doors and Entrance Doors, a New Porch, Two New Driveways, many New Vinyl Windows and a New Sump Pump in the Crawl Space, The First Floor of Unit 1 offers a Large Living Room with Built-Ins that could also be a Dining Room, a Large Family Room and an Eat-In Kitchen with an Abundance of Storage Space. The Second Floor offers 3 Bedrooms with a Storage Area and a Full Bathroom. For extra storage there is a 28'x14' Attic. Unit 2 offers a Large Living Room and an Eat-In Kitchen on the First Floor. The Second Floor offers a Bedroom and Bathroom and a Family Room that could easily be converted into a Second Bedroom. There is also an Owner's Suite with 2 Large Rooms and a Full Bathroom. There is a 10'x6' area behind the Great Room that was converted into a Kitchenette. The Owner's Unit has a common door to Unit 1 and it could transform Unit 1 into a 4 Bedroom, 2 Bathroom Unit with an additional Family Room. There is a Laundry Room with a New Hot Water Heater located behind the house. There is also a New 16'x12' Shed for Extra Storage. The electricity has been upgraded so each unit will have its own meter, making it easy for the new buyer to have each unit pay its own electric bill. This property is four blocks from Downtown Crisfield and less than 5 minutes to Public Boat Ramps and the renowned Somers Cove Marina that has 515 boat slips where you can find sailboats, yachts, private charter boats with sunset cruises, and tour boats to Smith Island and Tangier Island. Crisfield has 21 Eateries and 8 Specialty Shops. Crisfield has the McCready Memorial Hospital and the Tawes Nursing and Rehabilitation Center. For Naturalists, Janes Island State Park is 5 minutes from the house and for Golfers the PGA Approved Great Hope Golf Course is less than 10 minutes away. Crisfield offers many year-round events, the most famous being the Soft-Shell Crab Festival, 4th Saturday Bay Strolls, Stars and Stripes, the J. Millard Tawes Crab and Clam Bake, Wheels on the Waterfront Car Show, the Crisfield Bluegrass Festival and the National Hard Crab Derby. In order to support the seafood packing and shipping industry and other industries quality apartments are scarce. Local research regarding rental properties reveal that this property can produce between $3,500-4,000 monthly which would make it pay for itself in a short amount of time. A RENOVATED DUPLEX OR TRIPLEX, CLOSE TO DOWNTOWN SHOPS AND RESTAURANTS, A WATERFRONT TOWN ON THE CHESAPEAKE BAY THAT CELEBRATES ITS SEAFOOD HERITAGE, AND AN AREA THAT OFFERS THE ESSENCE OF LIVING ON THE EASTERN SHORE OF MARYLAND!
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Crisfield Real Estate
The median home value in Crisfield, MD is $176,000. This is higher than the county median home value of $167,900. The national median home value is $338,100. The average price of homes sold in Crisfield, MD is $176,000. Approximately 31.75% of Crisfield homes are owned, compared to 43.2% rented, while 25.05% are vacant. Crisfield real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Crisfield real estate agent to arrange a tour today!
Crisfield, Maryland has a population of 2,533. Crisfield is less family-centric than the surrounding county with 15.84% of the households containing married families with children. The county average for households married with children is 27.96%.
The median household income in Crisfield, Maryland is $36,146. The median household income for the surrounding county is $48,661 compared to the national median of $69,021. The median age of people living in Crisfield is 35.4 years.
Crisfield Weather
The average high temperature in July is 87.6 degrees, with an average low temperature in January of 28.2 degrees. The average rainfall is approximately 43.5 inches per year, with 6.4 inches of snow per year.