A rare turnkey, profitable, investment property in downtown Chestertown. Renovated to the studs in 2022, 200-202-204 High Street has 5 apartments and 3 storefronts and since renovations has had no vacancies, with solid leases in place. During the renovations every major system in the building was replaced. Upgrades include new… Read More electric service, meters and new wiring throughout, all new plumbing using PEX, new energy efficient water heaters and appliances, rebuilt foundation, new Jeldwen Auralast windows, insulation and air sealing, new roof on rear portions of building (front cedar roof was replaced in early 2000s), new water and sewer lines and rear egress, a monitored fire alarm system and much more. Two of the storefronts are rented to a local arts non-profit and a yoga and pilates studio will be moving into the third commercial space in April. The 5 apartments consist of two 2-bedroom units and three 1-bedroom apartments. The steady income stream from the units is complemented by a generous property tax credit through 2032 (buyer to verify transferability). The property also has a Limited Lead-Free certificate, which requires only an exterior visual inspection every two years, and exempts the owner from MDE registration requirements. Complete income and expense information available after signing a confidentiality agreement. Limited photos posted for tenants' privacy. Contact for a private tour today. Please do not disrupt the businesses, they are tenants and the businesses are not part of the sale. Read Less
Courtesy of Julie H SANTOBONI, Taylor Properties 301-970-2447
Listing Snapshot
Days Online
7
Last Updated
Property Type
Five Or More Units
Square Ft.
6,918
Lot Size
0.14 Acres
Year Built
1860
MLS Number
MDKE2006092
Additional Details
Building
Built in 1860, Built in 2022 (effective), Construction Materials: Advanced Framing, Combination, Spray Foam Insulation, Wood Siding, HardiPlank Type
Cooling
Central A/C, Ductless/Mini-Split, Energy Star Cooling System, Heat Pump(s), Multi Units, Programmable Thermostat
Accessibility Features
None
Energy Saving
Energy Efficiency: Appliances, HVAC, Incentives
Floors
Laminate Plank
Heating
Heat Pump - Electric BackUp, Programmable Thermostat
This information is provided exclusively for consumers' personal, non-commercial use; that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by BrightMLS. Information may appear from many brokers but not every listing in BrightMLS is available. This content last updated on .
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