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107-125 Davis Lane, Federalsburg, MD 21632

$285,000

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Sold Price: $285,000
List Price: $315,000
Days on Market: 345
Closing Date: Mar 06, 2024
MLS#: MDCM2002506
Status: CLOSED
Type: Commercial
Year Built: 1900
County: Caroline
Neighborhood: Federalsburg
Subdivision: Federalsburg

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Property Description

REDUCED Income producer - acreage with straight on water views of the Marshyhope River. Currently serviced by town water and sewer with potential available for redevelopment. Currently generating income from 12 single family homes. (9 currently rented) The houses have a stable rental history. Homes are in fair to good condition -most registered and lead painted. Most have new windows. Electric baseboard heat. There is a laundry house that generates additional income. Barn and large outbuilding for storage or additional income. Federalsburg is a centrally located and growing community.

(703) 623-9354

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Additional Information

Acres: 6.84
Lot Size: 297,950
Lot Description: Trees/Wooded, Cleared
Cooling: None
Heating: Baseboard - Electric