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601 Main, Emmitsburg, MD 21727
$700,000
601 Main, Emmitsburg, MD 21727View this property at 601 Main, Emmitsburg, MD 21727
601 MainEmmitsburgMD21727
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Property Description
List price to be opening bid at online only auction. Bidding begins Thursday, January 25th & ends Tuesday, January 30, 2024 @ 1:30 PM. **Great Investment Opportunity** 11 Unit Apartment Building Known As The Emmit House in Downtown Emmitsburg with Large Detached Garage **Gross Potential Annual Rent of $109,860** OPEN HOUSE: Wednesday, January 24th Promtly At 1:00PM. Building size according to tax records is 9,116 above grade and 2,880 below grade which includes an office. Lot size. .486 +/- acres. **Current Gross Monthly Scheduled Rent Of $6,600** **Current Annual Gross Scheduled Rent Of $79,200** **Potential Gross Monthly Rent Of $9,155** **Potential Gross Annual Rent Of $109,860**. Rent Roll: Unit 1: 3 BR/1 BA, rented for $980/month to month plus water $25.00. (1,200+/- SF). Unit 2/3: 3BR/1 BA, rented for $980/month to month plus water $25.00. (1,500+/- SF). Unit 4: Vacant. 2BR/1 BA, formerly rented for $775/month. (900+/- SF). Unit 5: 2BR/1 BA, rented for $865/month to month. (900+/- SF). Unit 6: Vacant. 3BR/1 BA, formerly rented for $980/month. (1,500+/- SF). Unit 7: 2 BR/1 BA, rented for $695/month plus water $25.00. (800+/- SF). Unit 8: 2BR/1 BA, rented for $695/month plus water $25.00. (800+/- SF). Unit 9: Studio apartment rented for $665/month to month. (450+/- SF). Unit 10: Studio apartment rented for $425/month to month. (200+/- SF). Unit 11: Studio apartment rented for $475/month to month. (200+/- SF). Unit 12: 2BR/1 BA, rented for $620/month plus water $25.00 per person, $75 total. (500+/- SF). Garage: Currently vacant with an estimated potential rent of $800/month. Tax records say the garage is 1,500 +/- sq. ft. Select annual expenses: Insurance: $4,000, Electric (Common Area): $1,800, Gas (Common Area): $1,500, Trash removal, water and Sewer: $7,200, Real Estate Taxes: $7,340. Location: Emmitsburg, nestled by the Catoctin Mountains and near Mount Saint Mary's University, blends historic allure with outdoor adventure. Stroll along Main Street, dotted with antique shops and cozy restaurants, or visit the National Shrine of St. Elizabeth Ann Seton for a touch of inspiration. Hike mountain trails, bike through scenic paths, or take a dip in the public pool. From fire museums to community parks, Emmitsburg offers something for everyone.
Full Property Details
Full Property Details for 601 Main
General
- Sold For: $700,000
- Taxes: $7,340 (2023)
- Status: Closed
- Type: Apartment
- MLS ID: MDFR2043360
- Added to Site: 123 day(s) ago
Business
- Business Type: Apartment Building
Parking
- Total Spaces: 10
- Parking Type: Parking Lot, Private Garage
Location
- Municipality: Emmitsburg
- County: Frederick
- Driving Directions: Main street between Warthens Court and Lincoln Ave
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Electric
- Heating Type: Forced Air
- Heating Fuel: Natural Gas
- Water Heater: Other
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Brick, Other
- Stories/Levels: 0
- Year Built: 1880
- Year Built Source: Assessor
Unit Information
- # Tenants: Multiple
Lot Features
- Lot Size (Acres): 0.49
- Lot Size (Sq. Ft.): 21,161
- Lot Size Source: Assessor
- Zoning: VZ
Financial Considerations
- Price Per Sq. Ft.: $29.18
- Assessment Year: 2023
- City/TownTax: $1,674
- City/TownTax Freq: Annually
- County Tax: $5,665
- County Tax Freq: Annually
- Tax w/Assessment: $483,400
- Tax Amount: $7,340
- Tax Year: 2023
Disclosures and Reports
- Buyer’s Brokerage Compensation: 1%
- Ownership: Fee Simple
Listed by Alex Cooper Auctioneers, Inc., Matthew S Cooper
Sold by RE/MAX Results, Tara O. Smith Kluttz
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Schools
Schools serving 601 Main
School District:Frederick County Public Schools, Frederick, MD
Rating | Name | Grades | Distance |
---|---|---|---|
300 S Seton Ave, Emmitsburg, MD 21727 | PK-5 | 0.3 mi | |
408 E Main St, Thurmont, MD 21788 | 6-8 | 7 mi | |
14745 Sabillasville Rd, Thurmont, MD 21788 | 9-12 | 6.2 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 601 Main
Date
Details
Price
Change
Source
1/26/2024
Sold
$700,000
100%
MLS
1/08/2024
Listed
$350,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
601 Main, Emmitsburg, MD 21727 (MLS# MDFR2043360) is a Apartment property that was sold at $700,000 on January 26, 2024. Want to learn more about 601 Main? Do you have questions about finding other Apartment real estate for sale in Emmitsburg? You can browse all Emmitsburg real estate or contact a Coldwell Banker agent to request more information.