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.

©2024 Bright MLS, Inc. all rights reserved.

Data last updated on 11/1/2024 at 3:21 AM UTC

Powered byLuxury Presence