• 317 Chestnut Way SALISBURY, MD 21804

  • $154,900
  • 5
    Bed(s)
  • 2.0
    Baths
  • 0
    Sq Ft
  • 7500
    Sqft

**Property is part of a larger portfolio and will not be sold individually.** Welcome to an exceptional investment opportunity! This diversified portfolio consists of 19 properties comprising a total of 20 units, primarily single-family homes, along with one duplex. With a gross annual rental income of $319,860, this portfolio offers a robust and steady income stream for savvy investors and with some properties being newly renovated and others offering value-add opportunities, the potential is limitless! Tenants are responsible for water, trash, sewer and lawn maintenance, ensuring minimal expenses for the property owner. All properties are located in Salisbury and Fruitland, so they benefit from a stable rental demand and strong long-term tenant occupancy. Whether you’re a seasoned investor or just getting started in real estate, this portfolio offers the potential for significant returns and long-term wealth accumulation.

Property Type :

Residential

Subdivision :

None Available

County :

WICOMICO

Style :

Residential

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Property Details

 

Bedroom Information

Total Bedrooms : 5

Master Bedroom Level: 5

Bathroom Information

Total Baths: 2

Full Baths: 2

Water/Sewer

Water Source : Private

Heating & Cooling

Cooling: Central A/C

Heating: Central

Cooling Fuel: Electric

Heating Fuel: Electric

Building Information

Year Built: 1941

Structure: Detached

New Construction: No

Built: 1941

Construction Material: Other

Foundation/Basement: Block

Architecture: Other

Pool/Private: No Pool

Exterior Features

Building Name: NONE AVAILABLE

Pool Information

Pool: No Pool

Utility Features

Sewer: Private Septic Tank

Water

Water Heat: Electric

Lot Information

Lot Size: 7,500

Dimensions: 0.00 x 0.00

Lot Size (Acres): 0.17

Architectural Style: Other

Main Square Feet: 7,500

Property Information

SQ ft: 1,596

SQ ft (Living Area): 1,596

Total Lot SQ ft: 7,500

Subdivision: NONE AVAILABLE

Appx. Lot Dimensions: 0.00 x 0.00

Total Acreage: 0.17

New Construction: No

Type: Other

Listing Information

Possession: Immediate

Days Of Market: 39

Tax Information

Annual Tax: $110

Tax Year: 2023

Total Taxes Payment Frequency: Annually

Possession

Immediate

Assessment Information

Taxes Assessment Amount: $11,067

Parking Information

Parking Type: Driveway

Has Garage: N

Homeowners Association Information

Direction: Conveniently located by GPS!

School Information

School District: WICOMICO COUNTY PUBLIC SCHOOLS

Utility Information

Water Source: Private

Sewer: Private Septic Tank

Cooling Fuel: Electric

Heating Fuel: Electric

Hot Water: Electric

Location Information

Direction: Conveniently located by GPS!

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
Milford Twilley Drive , Salisbury, MD,21804 $430,150 -- -- 535,352 535352.4 Sqft
LOT 6 Sweetbay Drive , Salisbury, MD,21804 $125,000 -- -- 43,996 43996 Sqft
LOTS 3A/4 Sweetbay Drive , Salisbury, MD,21804 $300,000 -- -- 124,582 124582 Sqft
LOT 1 Woodbrooke Drive , Salisbury, MD,21804 $350,000 -- -- 51,836 51836 Sqft
LOT 2 Woodbrooke Drive , Salisbury, MD,21804 $1,365,000 -- -- 181,645 181645 Sqft
LOT 11 Woodbrooke Drive , Salisbury, MD,21804 $275,000 -- -- 44,431 44431 Sqft
John Deere Drive , Salisbury, MD,21804 $600,000 -- -- 224,334 224334 Sqft
312 Cherry Way , Salisbury, MD,21804 $114,900 2 1 886 7500 Sqft
S Division Street , Salisbury, MD,21804 $239,000 -- -- 47,480 47480.4 Sqft
412 S Kaywood Drive , Salisbury, MD,21804 $339,000 3 1.5 2,070 90604.8 Sqft

Data provided by Bright MLS. Property information is for the users personal, non-commercial use. Information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties that appear on the website may no longer be for sale, and may be under contract or sold. ©2024 Bright MLS, All Rights Reserved. Information is reliable but not guaranteed.

ByOwner last updated this listing 05/06/2024 @ 13:32

MLS: MDWC2012478
LISTED BY: Aubrey Campbell , Keller Williams Realty Delmarva
SOURCE: BRIGHT MLS
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.

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