424 HARFORD ST Perryville, MD 21903

Excellent Passive investment property at an 8.25% cap rate. Immaculate 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 $51,540/year. All tenants are paid up through June and current on their rent through Covid. All 4 units are 2 bedroom units with full kitchens, bathrooms, full size washer and dryers, Electric central heating and AC. The units were remodeled between 2017 and 2018 with vinyl waterproof plank flooring, new paint, updated bathrooms and kitchens. There will be very low maintenance costs on this building moving forward for new ownership. Tenants pay for their own electric and cable and snow removal. Landlord pays for water/sewer, lawn, and (trash --covered in city taxes). 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.