108 W Fourth St, Frederick, MD 21701

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.