108 W Fourth Street, Frederick, MD 21701
- $480,000
- 1,992
- SqFt
- Sold Price
- $480,000
- List Price
- $499,000
- Closing Date
- May 30, 2025
- Days on Market
- 8
- Status
- CLOSED
- MLS#
- MDFR2062020
- Living Area
- 1,992
- Lot Size (Acres)
- 0.11
- Style
- Colonial
- Year Built
- 1900
- County
- Frederick
- School District
- Frederick County Public Schools
Property Description
INVESTOR ALERT! SOLD AS-IS This 4-UNIT APARTMENT BUILDING NEEDS WORK, but is located in the heart of Downtown Frederick and includes SIX OFF STREET PARKING SPACES and a large, fenced back yard. Each apartment is individually metered in this all electric property, with tenants responsible for all utilities except water/sewer. The building offers 2-one bedroom apartments and 2 studio apartments, each featuring their own private entrance. Each apartment housed long term tenants who paid under market rent. 3 units are vacant and 1 lease terminates in June. Seller did not renew leases once she decided to sell building. All units need lots of TLC- some more then others. The building itself also needs work. Current lead certificates are on file for each unit. With fewer than 5 units, financing does not necessitate a commercial loan, however, due to condition of property, a construction loan might be needed.
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Additional Information
- Taxes
- $6882
- Stories
- 2
- School District
- Frederick County Public Schools
- Heating
- Baseboard - Electric
- Heating Fuel
- Electric
- Cooling
- None
- Water
- Public
- Sewer
- Public Sewer
- Basement
- Yes