INVESTOR ALERT! SOLD AS-IS This 4-UNIT APARTMENT BUILDING NEEDS WORK, but is located in the heart of Downtown Frederick and includes SIX OFF STREET PARKING SPACES and a large, fenced back yard, which is hard to find in Downtown Frederick. Each apartment is individually metered in this all electric property,… Read More with tenants responsible for all utilities except water/sewer. The building offers 2-one bedroom apartments and 2 studio apartments, each featuring their own private entrance. Each apartment housed long term tenants who paid under market rent. 3 units are vacant and 1 lease terminates in June. Seller did not renew leases once she decided to sell building. Three units need some cosmetic work ( flooring, elbow grease ) and are rentable as-is. Apartment #3 housed a hoarder and needs more work. The building itself also needs work. Current lead certificates are on file for each unit. With fewer than 5 units, financing does not necessitate a commercial loan. Please be warned... Unit #3 housed a hoarder and has a terrible smell- Read Less
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