Properties

207 PHEBUS AVENUE

FREDERICK, MD 21701

Status: PENDING
  • $195,000Price
  • 2Beds
  • 2Baths
  • 1,355 Sqft
Property Description

Offering Price Includes 2 Detached Single Family Residences 207 and 209 Phebus Avenue With 2 Tax ID Numbers But On One Deed Currently Leased And Being Sold/Conveyed AS IS. Both Properties Have Had Recent Improvements Approximately 2015 Forward That Includes New Windows # 207 Has Medal Windows, & # 209 Has Vinyl Windows. Both Residential Metal Roofs Painted, HVAC Wall Units Convey 1 Installed In # 207 & 2 Installed In # 209. Updated Electrical Wiring & Plumbing Completed In Both Properties In 2015 As Well. Lead Certificates Are Current & On File For Each Property. Lease For # 207 Is $720.00 Per Month Long Term Tenant & Lease Expires 02/28/2021. Lease For # 209 Is $1120.00 Per Month & Lease Expires 8/31/2020. Both Properties Are Managed By Owner. Deeded Off Street Parking Conveys For Each Property. Tenants Pay Water And Sewer Charges Quarterly. Above Grade Square Footage For Both Properties Is Approximately 1355 SQ/FT Per Recent Appraisal. # 207 Has One Full Bath & # 209 Has One Full Bath Plus Half Bath. Fenced Rear Yards With Privacy. Walk To Downtown Amenities, Shopping, Carroll Creek Promenade, Community Pool, And MARC Rail Station. Gross Monthly Rent Is $1840.00 Per Month Or $22,080.00 Annually. Annual Net Operating Income Is Approximately $18710.00 Which Yields Annual Capitalization Rate Of About 8 Percent. Both Properties Have Separate Tax ID Numbers Which Would Provide The Opportunity To Separate Both Properties With Individual Deeds.

Basic Details
Property Title : Residential For Sale
Property Type : Residential
Listing Type : For Sale
Listing ID : MDFR267834
Price : $195,000
Bedrooms : 2
Bathrooms : 2
Half Bathrooms : 1
Sqft : 1,355 Sqft
Year Built : 1890
Lot Area : 0.09 Acre
Subdivision Name : HISTORIC DOWNTOWN
Features
Fence : Rear
Roof Deck : Metal
Attached Garage YN : N
Architectural Style : Colonial
Address Map
Street : PHEBUS
Street Number : 207
Street Suffix : AVENUE
Longitude : W78° 35' 1''
Latitude : N39° 24' 45.4''
MLS Data
Agent Name : Joseph B Powell
Original MLS Name : Bright
Sub System Locale : BRIGHT_MAIN
Total Taxes Pymnt Freq : Annually
Vacation Rental YN : N
Major Change Type : Domp
HOA Fee Freq : Annually
List Agent Email : jb@jbpowellrealtor.com
List Office Key : 300199448300
Elementary School : LINCOLN
High School : FREDERICK HIGH
Middle Or Junior School : WEST FREDERICK
SchoolDistrictName : FREDERICK COUNTY PUBLIC SCHOOLS
Above Grade Fin SQFT : 1,355 Sqft
Levels/Stories : 2
Property Condition : Good
Structure Type : Detached
Total SQFT : 1,355 Sqft
Short Sale : No
Sale Type : Standard
Tax Annual Amount : $946
Tax Year : 2019
Zoning : DR
Sewer Septic : Public Sewer
Water Source : Public
Contact Agent
Courtesy Of: Joseph B Powell