507 Market Street
Denton, MD 21629
MLS #CM10118987

  • 11units
  • 0.27acres
  • 10,916sq ft
Est. P&I payment: $2769.01/mo
Description for 507 Market Street, Denton, MD 21629
A RARE opportunity to own a privately rented ELEVEN unit LEAD FREE apartment building in Denton. Tenant pays electric and heat landlord pays water/sewer. Additional large basement with 7 rooms. Excellent rental income of approx. $ 92,000 a year. Large parking lot with ample parking spaces. Just passed town inspection. All units include washer/dryer . Professional management available .
MLS #CM10118987
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My Notes for MLS #CM10118987

General Features

  • Property Type: Multi-Family
  • Type: Multi-Family
  • Year Built: 1900
  • Total Units: 11
  • Unit List: One Bedroom,​Two Bedroom
  • One Bedroom Units: 6
  • Two Bedroom Units: 5

Exterior Features

  • Exterior: Siding - Aluminum / Steel
  • Stories: 4
  • Handicap: None
  • Roof: Shingle - Asbestos,​Metal
  • Lot AreaAcre: 0.26669
  • Lot Size Area: 11,617
  • Parking: Private 11+ Spaces,​Prk Space Cnvys
  • Water Front: N

Interior Features

  • Tax Total Living Area: 10,916
  • Basement: Y
  • Basement Entrance: Rear Entrance,​Inside Access
  • Basement Type: Outside Entrance,​Connecting Stairway
  • Walls Ceilings: Paneled Walls,​Dry Wall
  • Windows Doors: Storm Door(s),​Storm Windows

Utilities Features

  • Appliances: Oven / Range - Electric,​Refrigerator,​Washer,​Dryer
  • Cooling Fuel: Electric
  • Cooling: Window Unit(s)
  • Heating Fuel: Electric
  • Heating: Baseboard
  • Hot Water: Electric
  • Metering: Electricity is sep
  • Sewer Septic: Public Sewer
  • Water: Public

Financial Features

  • Total Taxes: 9,923.2
  • Total Taxes Payment Freq: Annually
  • City Town Tax: 4,200
  • City Town Tax Payment Freq: Annually
  • County Tax: 5,723.2
  • County Tax Payment Freq: Annually
  • Tax Year: 2017
  • Improvement Assessment Amount: 536,900
  • Improvement Assmnt. Payment Freq: Annually
  • Land Assessment Amount: 44,300
  • Land Assessment Payment Freq: Annually
  • Total Assessment: 581,200
  • Total Assessment Payment Freq: Annually
  • Assessment Year: 2017
  • Property Net Operating Income: 63,181
  • Gross Income: 91,500
  • Expenses: 28,318
  • Monthly Gross Rent: 7,625
  • Vacancy Factor: 5
  • Owner Pays: Property Insurance,​Property Management,​Repairs and Maintenance,​Taxes-Real Estate
  • One Bedroom Avg Rent: 695
  • Two Bedroom Avg Rent: 725

Community Features

  • City: 10000047820
  • County: Caroline
  • Subdivision: DENTON
  • HOA: N
  • Vacation Home: N
  • Amenities: Attic - Access Only,​Shades / Blinds,​Wall to Wall Carpeting,​Washer / Dryer Hookup

School Features

  • Elementary School: DENTON
  • High School: NORTH CAROLINE
  • Middle School: LOCKERMAN-DENTON

Misc Features

  • Auction: N
  • Foreclosure: N
  • Potential Short Sale: No
  • Tenancy: 1 Year Lease(s),​Month-to-Month Lease(s)
  • Property Condition: Shows Well
  • New Construction: N
  • Year Converted: 1972
  • Year Renovated: 1972
  • Zoning Code: MR


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The listing information for 507 Market Street, Denton, MD 21629 was graciously provided by our friends at the listing brokerage, Wright Real Estate

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Last Updated 01/20/2018 at 12:02am
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