$ 1,600,000
22108 PEGG ROAD Lexington Park, MD 20653
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,600,000
Est. payment /mo
Pending
22108 PEGG ROAD Lexington Park, MD 20653
11,008 SqFt
UPDATED:
11/23/2024 04:04 PM
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Pending
Purchase Type For Sale
Square Footage 11,008 sqft
Price per Sqft $145
Subdivision Dakota Manor
MLS Listing ID MDSM2021128
Originating Board BRIGHT
Year Built 1986
Annual Tax Amount $111,154
Tax Year 2024
Lot Size 1.050 Acres
Acres 1.05
Property Description
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. 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.
Location
State MD
County Saint Marys
Zoning RH
Interior
Hot Water Electric
Heating Central, Forced Air, Heat Pump(s)
Cooling Central A/C, Heat Pump(s)
Heat Source Electric
Exterior
Waterfront N
Water Access N
Roof Type Asphalt,Shingle
Street Surface Black Top
Accessibility None
Garage N
Building
Foundation Crawl Space
Sewer Public Sewer
Water Public
New Construction N
Schools
School District St. Marys County Public Schools
Others
Tax ID NO TAX RECORD
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
Listed by Kenneth W Phipps • CENTURY 21 New Millennium
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