AIRBNB units, long term rentals and commercial - all in one! You choose! Looking for a solid income producing property within walking distance to the water and all the shops & restaurants Downtown Crisfield has to offer? This building consists of 5 units totaling over 5,900 sq feet and is for sale for under $72/sq ft!!! Incredible value! 3 Apartments on the 2nd level with a private entrance and 2 commercial spaces below in the heart of Downtown Crisfield MD. Option to rent out to long term tenants or have the opportunity to make even more rental income by turning the 3 apartments into short term/AIRBNB units!! The possibilities for increasing your profit is endless! This property has been renovated over the years with central HVAC units, updated plumbing and electric, replacement windows, roof, etc, etc, etc...All 3 apartments have been upgraded and remodeled and one is currently being renovated. The Subway unit is no longer occupied by Subway, the unit is currently vacant and ready for you to bring your business to this location or find a new tenant! The 2nd commercial unit is actually 2 units combined into one and is on a month to month lease so if you need more space or want to make it one large unit the possibilities are endless. The 3 apartments are as follows UNIT1) 1 bedroom, 1 bath currently rented for $725/mo and tenant pays a quarterly water & sewer charge UNIT 2) 2 bedroom, 1 bath currently rented for $850/mo and tenant pays a quarterly water & sewer charge UNIT 3) 2 bedroom, 1 bath currently vacant and being remodeled with new paint and flooring (anticipated rent $850-$900/mo plus water & sewer charge). Old Subway unit is Vacant (anticipated rent of $1,500-$2,000/mo) and 2nd commercial unit is being rented for $700/mo. When fully occupied total anticipated rent projected to be approximately $4,650-$5,175 for long term leases and could be even more if the 3 residential units are turned into short term/AIRBNB rentals! Great investment opportunity in a market that has a lot of upside potential to grow. Crisfield is a growing town with many initiatives and changes on the horizon...see article dated 1/23/2023 for information of all the projects in the works: https://www.wboc.com/news/projects-in-progress-to-help-crisfield-development/article_0bce433a-9b37-11ed-9a3c-d31515ec21a5.html ....get in early before prices increase as they have in other towns and cities on the Eastern Shore of Maryland.

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Listed by Adam Roop of EXP Realty,LLC

Copyright 2023 BRIGHT, All Rights Reserved.  Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Chuck Mangold participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.Data last updated March 24, 2023. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.

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