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Ram Bala

ram.bala@kw.com +1(703) 403-5338

$ 1,600,000

Est. payment -/mo

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Active

22108 PEGG ROAD Lexington Park, MD 20653

11,008 SqFt

UPDATED:

10/28/2024 04:35 PM

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

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 (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.

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

Parking Type Parking Lot

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

Ram Bala

Agent | License ID: 0225064126

+1(703) 403-5338

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Ram Bala

Ram Bala

22108 PEGG ROAD Lexington Park, MD 20653

Key Details

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Interior

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22108 PEGG ROAD