Description
Rare investment opportunity.
706 madison is a two story 3 bedroom/1 full bath home that has recently been remodeled. this home also has a finished basement. currently rented for $1,450./month. landlord pays taxes and insurance. water and sewer bills are reimbursed by the tenant(s). located on the same parcel, there is also a one story, 2-bedroom, 1 full bath home that is in great condition, which could serve as an additional rental, in-law quarters, or an office for one’s business.
709 webster street: this is a parking lot for the tri-plex known as 711 webster.
711 webster street: this two-story home contains three rental units that are in very good condition with substantial upgrades completed w/in the last 5 years. unit one is a second-floor unit containing 1 bedroom, 1 full bath, and is rented at $550./month. unit #2 is a first floor 1 bedroom, 1 full bath, and is leased at $675./month. unit 3 is a first floor 1 bedroom, 1 full bath, with an expansive kitchen and is leased for $875./month. landlord pays taxes, insurance, water and sewer bills, and the natural gas bill during the winter months. window air conditioners (30 are provided for air conditioning. each unit is separately metered for electricity, which is paid by the tenants. there is also a workshop/storage unit attached to the apartment building. although needing to be subdivided, there is an opportunity for a building lot that fronts on madison and webster streets.
all units have full risk reduction lead paint certificates. all homes being sold as-is, where-is. leases can also be provided.
709-711 webster can be purchased separately for $245,000. and the madison street homes can be purchased separately for $275,000. or one can purchase all for a reduced price of $495,000.
Property Type
ResidentialSubdivision
None AvailableCounty
WICOMICOStyle
OtherAD ID
49389164
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Property Details
-
Interior Features
Bedroom Information
- Total Bedrooms : 3
- Master Bedroom Level: 2
- Total Bedroom (Upper): 1
- Bedroom Upper Level 1: 1
Bathroom Information
- Total Baths: 3
- Full Baths: 3
Laundry Source
- Laundry Type : None
Water/Sewer
- Water Source : Public
Interior Features
- Carpet,Kitchen - Efficiency,Ceiling Fan(s),Flat
- Roof : Metal
- Property Appliances: Refrigerator,Stove,Water Heater
Roofing Information
- Metal
Equipment Information
- None
Heating & Cooling
- Cooling: Window Unit(s)
- Heating: Baseboard - Hot Water
- Cooling Fuel: Electric
- Heating Fuel: Natural Gas
-
Exterior Features
Building Information
- Year Built: 1937
- Structure: Detached
- Major Appliances: Refrigerator,Stove,Water Heater
- New Construction: No
- Built: 1937
- Construction Material: Other
- Roof: Metal
- Foundation/Basement: Block
- Architecture: Other
- Pool/Private: No Pool
- Roof Type: Metal
Exterior Features
- Utilities: Cable TV Available,Electric Available,Natural Gas Available,Sewer Available,Water Available
- Building Name: NONE AVAILABLE
Pool Information
- Pool: No Pool
Utility Features
- Sewer: Public Septic,Public Sewer
Water
- Water Heat: Electric
-
Property / Lot Details
Lot Information
- Lot Size: 14,810
- Lot Size (Acres): 0.34
- Architectural Style: Other
- Main Square Feet: 14,810
Property Information
- SQ ft: 1,518
- SQ ft (Living Area): 1,518
- Total Lot SQ ft: 14,810
- Subdivision: NONE AVAILABLE
- Financing: Bank Portfolio,Cash,Conventional
- Total Acreage: 0.34
- New Construction: No
- Type: Other
-
Listing Information
Listing Information
- Possession: Settlement
- Days Of Market: 2
-
Taxes / Assessments
Tax Information
- Annual Tax: $1,153
- Tax Year: 2024
- Total Taxes Payment Frequency: Annually
Possession
- Settlement
Assessment Information
- Taxes Assessment Amount: $70,533
-
Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Parking Information
- Parking Features: Stone Driveway
- Parking Type: Parking Lot
Multi-Unit Information
- Acceptable Financing: Bank Portfolio,Cash,Conventional
- Road Surface: Black Top
- Roof: Metal
Homeowners Association Information
- Direction: Take Eastern Shore Dr. Turn onto Washington. Turn onto Madison, Turn onto Webster St.
-
School, Utilities & Location Details
School Information
- School District: WICOMICO COUNTY PUBLIC SCHOOLS
Utility Information
- Cable TV Available,Electric Available,Natural Gas Available,Sewer Available,Water Available
- Water Source: Public
- Sewer: Public Septic,Public Sewer
- Cooling Fuel: Electric
- Heating Fuel: Natural Gas
- Hot Water: Electric
Location Information
- Direction: Take Eastern Shore Dr. Turn onto Washington. Turn onto Madison, Turn onto Webster St.
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BuyOwner last updated this listing 04/25/2025 @ 21:20
- MLS: MDWC2017646
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: BRIGHT MLS
is a Home, with 3 bedrooms which is for sale, it has 1,518 sqft, 14,810 sized lot, and 0 parking. are nearby neighborhoods.