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2 W Railroad, Ridgely, MD 21660
$190,000
2 W Railroad, Ridgely, MD 21660View this property at 2 W Railroad, Ridgely, MD 21660
2 W RailroadRidgelyMD21660
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Property Description
Commercial Investment opportunity!!! Fully rented, great capitalization rate on this 4500+ sqft building. Building is brimming with Ridgely's proud history dating back to 1867. Property has been well maintained to preserve its condition. Both ground level units are successful businesses, 2nd floor 2 bedroom unit, 3rd floor 2 bedroom unit. Looking for cash flow or just a safe investment call today.
Full Property Details
Full Property Details for 2 W Railroad
General
- Sold For: $190,000
- Taxes: $2,721 (2021)
- Status: Closed
- Type: Apartment
- MLS ID: MDCM125414
- Added to Site: 1, 099 day(s) ago
Business
- Business Type: Apartment Building, Hair Salon and Spa, Professional
Rooms
Bathrooms
- Restrooms: 4
Parking
- Total Spaces: 5
- Parking Type: On Street, Driveway
Location
- Municipality: Ridgely
- County: Caroline
- Driving Directions: From Rt 480 head west on Central Ave, turn left at railroad intersection. Property on left
- City Limits: Yes
Heating & Cooling
- Cooling Type: None
- Heating Type: Forced Air
- Heating Fuel: Oil
- Water Heater: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Mixed
- Foundation: Brick/Mortar
- Roof: Metal
- Entry Floor Number: 1
- Stories/Levels: 3
- Year Built: 1890
- Year Built Source: Assessor
- Property Condition: Average
Unit Information
- # Tenants: Multiple
Lot Features
- Lot Size (Acres): 0.11
- Lot Size (Sq. Ft.): 4,595
- Lot Size Source: Assessor
- Zoning: C2
Financial Considerations
- Price Per Sq. Ft.: $47.23
- Operating Expenses: $2,680
- Assessment Year: 2021
- City/TownTax: $939
- City/TownTax Freq: Annually
- County Tax: $1,781
- County Tax Freq: Annually
- Tax w/Assessment: $171,000
- Tax Amount: $2,721
- Tax Year: 2021
- Owner Pays: Sewer, Taxes - Real Estate, Water
- Landlord Pays: Sewer, Taxes - Real Estate, Water
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
- Ownership: Fee Simple
- Investment: Yes
Listed by Long & Foster Real Estate, Inc., Ryan Maloney
Sold by Tesla Realty Group LLC, Carolyn A Brock
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Schools
Schools serving 2 W Railroad
School District:Caroline County Public Schools, Denton, MD
Rating | Name | Grades | Distance |
---|---|---|---|
118 N Central Ave, Ridgely, MD 21660 | PK-5 | 0.4 mi | |
410 Lockerman St, Denton, MD 21629 | 6-8 | 5 mi | |
10990 River Rd, Ridgely, MD 21660 | 9-12 | 3.6 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 2 W Railroad
Date
Details
Price
Change
Source
10/21/2021
Sold
$190,000
-12.44%
MLS
5/01/2021
Listed
$217,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
2 W Railroad, Ridgely, MD 21660 (MLS# MDCM125414) is a Apartment property that was sold at $190,000 on October 21, 2021. Want to learn more about 2 W Railroad? Do you have questions about finding other Apartment real estate for sale in Ridgely? You can browse all Ridgely real estate or contact a Coldwell Banker agent to request more information.