Active
22108 Pegg Road
Lexington Park MD, 20653
$1,600,000
$145.35 per sqft
Active
11,008 sqft
Commercial
Built in 1986
PORTFOLIO SALE! Attention investors and landlords: Don't miss out on this incredible investment opportunity in Saint Mary's County, Maryland. This multi-dwelling package presents an excellent opportunity to expand your portfolio with nine residential townhome units. Each of the townhomes in this package have undergone several upgrades since 2019 which include kitchens, appliances, flooring, roof shingles and gutters, HVAC as well as rear decks on the Pegg Road units. The inclusion of washer and dryers in each unit adds convenience and value to both landlords and prospective tenants. The portfolio sale includes 22108 Pegg Rd, 22112 Pegg Rd, 22114 Pegg Rd, 22116 Pegg Rd, 22089 Spring Valley Dr, 22091 Spring Valley Dr, 22093 Spring Valley Dr, 22095 Spring Valley Dr and 22097 Spring Valley Dr. Currently all nine units are leased and tenant occupied providing immediate cash flow (UPDATE: 22108 Pegg went vacant as of 10/8 and is currently listed for rent). All units are currently managed by a professional property management company ensuring a seamless transfer of ownership from a tenant perspective while sustaining efficient and hassle free operations. With an estimated fully occupied annual gross income of $162,000, these units offer a potential for stable and substantial rental income. There is no home owners association. The homes are located very close to NAS PAX with Pegg Road being directly across Three Notch Road from the Buse Rd Gate 1 base entrance. Easy access to major traffic arteries, Saint Mary's County Public Transit and convenient to the many amenities offered by the Lexington Park area. This investment opportunity offers a strong rental market and the potential for long-term appreciation. Don't miss out on the chance to add these lucrative townhome units to your portfolio. Seller is offering the current ownership name and LLC in addition to the real property. Only serious purchasers please. Owner requires purchaser proof of funds prior to disturbing tenants with showing appointments.
MDSM2021128
MLSⓇ ID
October 7, 2024
Listed
November 1, 2024
Updated
Map
22108 Pegg Road
Lexington Park MD, 20653
Interior Features
Appliances
Electric Water Heater
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Heat Pump, Forced Air, Central, Electric
Exterior/Building Features
Lot Size
1.05 Acres
Roof
Asphalt, Shingle
Sewer
Public Sewer
Other Property Details
Taxes
$111,154
Tax Frequency
Annually
Days on Market
22
Garage
No
View
No
County
SAINT MARYS
Water Source
Public
Pool
No
Zoning
Residential High Density
Listed by CENTURY 21 New Millennium
Listing Contact: 3017523179
The IDX display contains information sourced from the Bright MLS, Inc. as of 11/1/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.
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Data last updated on 11/1/2024 at 3:21 AM UTC