424 Harford St

Perryville, MD 21903

Excellent Passive investment property at a 7% cap rate. Mint condition 4 unit apartment building on a Cul-de-sac street in Downtown Perryville. Fully leased with yearly leases and renewals. Total annual rental income of $54,900/year. All tenants are paid up and current on their rent throughout Covid. All 4 units are 2 bedroom units with full kitchens, bathrooms, full size washer and dryers, Electric central heating and AC. All 4 units have been fully remodeled between 2018 and 2021 with vinyl waterproof plank flooring or carpet, new paint, updated bathrooms and kitchens. There will be extremely low maintenance costs on this building moving forward for new ownership. Tenants pay for their own electric, cable, and snow removal. Landlord pays for water, sewer, lawn, and (trash --covered in city taxes). Rent roll and financial breakdown available in documents section. 30 year fixed residential financing available for this type of property at historically low interest rates. Proof of funds required prior to showings. Do not walk on premises or disturb tenants!