$224,900

400 - 406 WALNUT ST, Westernport, MD 21562

  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1949
  • Property Lot Size Icon1,742sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 5 months ago

Property Description

All the hard work is done—just start collecting rent! This freshly renovated 6-unit apartment building in Westernport, MD, is a prime opportunity to secure a long-term, income-producing asset in a community on the rise. With two efficiency units and four one-bedroom apartments, this property has the potential to generate over $44,000 in gross annual income. Each unit has been completely updated, featuring fresh paint, new flooring, and modernized kitchens and bathrooms, creating an attractive and comfortable living space for tenants. The exterior has been repainted, ensuring years of low-maintenance upkeep, while new electrical services, updated interior wiring, and plumbing replacements provide efficiency and reliability. Electric baseboard heating delivers cost-effective climate control for each unit. The unfinished basement presents an additional value-add opportunity—use it as spacious storage or transform it into an on-site laundry facility to further increase your income stream. Why start small when you can scale from the beginning? This configuration provides the income necessary to establish yourself as a successful real estate investor or serves as the perfect addition to an already thriving portfolio. The stock market won’t climb forever—hedge against inflation with a solid real estate investment. This is your chance to secure a high-performing, income-generating asset with immediate rental potential. Act now—opportunities like this don’t last!

Listing Status:
Active
Listing Office:
Pioneer Ridge Realty : 3043592214
Listing Agent:
Craig E See : 3048131092
MLS ID:
MDAL2011000
  • Flooring: LaminatedLuxury vinyl plank
  • A/C: None
  • Heating: Baseboard - ElectricElectric
  • Disability Feature: None

This listing courtesy of Craig E See, Pioneer Ridge Realty

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

W

Westernport Elementary School

172 Church St, Westernport, MD, 21562

Grades PK-5

0.49 miles away

W

Westmar Middle School

16915 Lower Georges Creek Rd SW, Lonaconing, MD, 21539

Grades 6-8

6.05 miles away

M

Mountain Ridge High School

100 Dr Nancy S Grasmick Ln, Frostburg, MD, 21532

Grades 9-12

13.36 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.