Investment Opportunity in a Strong Rental Market 2 unit, 2688 Square Foot Duplex on Tony Tank Pond consisting of Two, Four Bedroom/Two bath units Rental Income of $50,780 and NOI of $36,213 which includes professional management. Both units are in great condition with no deferred maintenance. Tenants are responsible for all utilities & water/sewer. The leases are designed to give the Landlord 12 days to turn the unit while rent is still being paid. Both units are fully rented for 2024/2025 school year. Buyers can tour the interior of the units with an agreed upon LOI.
The median home value in Salisbury, MD is $221,500. This is lower than the county median home value of $222,000. The national median home value is $338,100. The average price of homes sold in Salisbury, MD is $221,500. Approximately 22.94% of Salisbury homes are owned, compared to 67.4% rented, while 9.66% are vacant. Salisbury 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 Salisbury real estate agent to arrange a tour today!
Salisbury, Maryland 21804 has a population of 32,583. Salisbury 21804 is more family-centric than the surrounding county with 25.36% of the households containing married families with children. The county average for households married with children is 25.13%.
The median household income in Salisbury, Maryland 21804 is $48,310. The median household income for the surrounding county is $63,610 compared to the national median of $69,021. The median age of people living in Salisbury 21804 is 30.1 years.
The average high temperature in July is 87.8 degrees, with an average low temperature in January of 27.2 degrees. The average rainfall is approximately 45.5 inches per year, with 7.1 inches of snow per year.