Excellent investment opportunity with a historic property in Bridgetown! Centrally located across from Jubilee Park and sitting proudly atop a generous one-acre lot, this 9-unit apartment building was originally the home of Bridgetown's founder, Captain John Crosskill. Consisting of eight 1-bedroom apartments with one studio apartment, there is also the potential for renovating the attic into an additional unit or expanding an existing unit. Recent improvements include replacement of the roof shingles (front section in 2011, back section in 2023) in, a new hot water heater for the building's radiator heating system, and a new main water line (2021). The building is on municipal water and sewage and has on-site tenant and visitor parking space. With a high occupancy rate, central location in the heart of Bridgetown and well-maintained units, this is an opportunity not to be missed!
Listing Sub-Area:
Annapolis County
Property Type:
Multi-Family
Multi-Family Type:
9 - 12 Unit
Title To Land:
Freehold
Building Dimenions:
irregular
Lot Size:
0.996 acre(s)0.403 hectare(s)
Prop Size:
0.5 to 0.99 Acres
Commercial / Retail Space:
No
# of Rental Units / Occupied:
8
Year built:
1800
(Age: 224)
Age:
224
# Floors:
2
Exterior Finish:
Wood Shingles
Foundation:
Concrete, Stone
Basement:
Partial, Partially Developed
Floor Finish:
Carpet, Hardwood, Softwood, Tile
Roof:
Asphalt Shingle
Heating:
Radiator
Fuel:
Electric, Oil
Parking:
Yes
Parking Description:
Behind building
Driveway:
Gravel
Water Supply:
Municipal
Water And Sewage:
2570
Sewer:
Municipal
Num Units:
9
Num Bachelor Units:
1
Num 1 Bed Units:
8
Num 2 Bed Units:
0
Num 3 Bed Units:
0
Num 4 Bed Units:
0
# Of Dishwashers:
0
# Of Dryers:
0
# Of Fridges:
9
# Of Microwaves:
1
# Of Stoves:
8
# Of Washers:
0
Rental Income:
Yes, 100,404.00
Laundry Income:
n/a
Other Income:
n/a
Approx. Net Income:
68571
Insurance Expense:
4129
Taxes Costs:
6510
Other Costs:
240
Maintenace:
4000.0
Snow / Garbage Collection:
414
Heating Bill:
9000
Electricity Bill:
4970
Approx. Total Expense:
31833
Approx. Total Income:
100404.00
Apt Conforming
all appliances
tenant possessions
Park, Playground, Public Transit, School Bus Service, Shopping, Place of Worship
Oven - Electric, Stove, Microwave, Refrigerator, Water Softener
Data was last updated October 5, 2024 at 09:20 PM (UTC)
Area Statistics
Listings on market:
10
Avg list price:
$642,450
Min list price:
$245,000
Max list price:
$1,275,000
Avg days on market:
52
Min days on market:
4
Max days on market:
151
These statistics are generated based on the current listing's property type
and located in
Annapolis County. Average values are
derived using median calculations.