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420 Pembroke Street

  • – beds
  • – baths
  • 7,698 sqft
  • 4,356 sqft lot
  • $63 per sqft
  • 1902 build
  • on site

JUST LISTED! 10% CAP RATE! A 6-Unit Mixed-Use Commercial Building located steps away from Brass Pro Shop and near the new amphitheater and Steel Point. There are Four 3-Bedroom Residential Apartments and 2 Retail Storefront commercial units. (1 in use, 1 used as storage currently) All residential tenants want to remain and are month-to-month. One tenant is also the superintendent of the building. The retail store has 3 years left on their lease. TOTAL CURRENT GROSS INCOME: $69,600. TOTAL POTENTIAL GROSS INCOME: $79,200 (Potential for a 12% CAP RATE) w/the leasing of the unoccupied retail store for $800 per month. (The space was previously used for storage but is no longer. It is approximately 1,000 SF). Each apartment is $1,000 per month. The retail store income is $1,800 per month. The deli/grocery w/kitchen is leased (and not for sale). It is an active business with customers going in and out to buy groceries, pick up prepared hot food and sandwiches, lottery, etc. (see photos) There is a common restroom for the 2 stores to have use of. Photos show 2 of the 4 residential units and the active retail deli/grocery, as well as, the common area and basement. The Interior is in fair to good condition depending on the unit. The apartments are spacious with large rooms with some featuring hardwood floors, tile or carpeting. Total retail is 2,684SF per town records.Separate utilities. On street parking but also a couple of parking spaces are off street in rear of building.

SMART_MLS logo Listing courtesy of SMART_MLS / Keller Williams Prestige Prop.

Last checked: Checking… • Last updated May 8, 2021 •

MLS# 170382451 —

Amenities & Taxes

The Building

Year Built:
1902
Year Built Source:
Public Records
Construction:
Frame
New Construction:
No/Resale
Style:
Units on different Floors, Units are Side-by-Side
Total SqFt:
7698
Roof:
Flat
Exterior Siding:
Shingle
Foundation:
Concrete

Interior

Basement Description:
Full

The Property

Acres:
0.1000
Property Type:
Multi-Family For Sale
Property Sub Type:
5 Family+
Zoning:
R1
Lot Description:
N/A

Listing Agent

Contact info:

Taxes

Property Tax:
$13,394
Tax Year:
July 2020-June 2021

The Listing

No

Heating & Cooling

Heat Type:
Radiator
Heat Fuel Type:
Oil
Cooling System:
Wall Unit

Utilities

Fuel Tank Location:
Above Ground
Hot Water:
Domestic
Sewage System:
Public Sewer Connected
Water Source:
Public Water Connected

Schools

Elementary School:
Per Board of Ed
High School:
Per Board Of Ed

The Community

HOA:
No
Waterfront Description:
Not Applicable

Parking

Garage:
Off Street Parking

Schools

Rating Details

Waltersville School

  • Public
  • K-8
  • 0.3 mi

Harding High School

  • Public
  • 9-12
  • 1.0 mi

GreatSchools scores are based on a scale from 1 to 10, where 10 is above average.

The school service areas are not definitive and should only be used as guidance. GreatSchools Ratings provided by www.greatschools.org

Monthly cost estimate

420 Pembroke Street

Asking price

$485,000

Mortgage

$1,654

Taxes $1,116
Insurance $133
Utilities N/A
Total $2,903/mo.*
*This is an estimate

Flood Risk

  • FEMA Zone (est.):
  • Flood insurance:

Get an instant insurance quote

Flood likelihood over time

year probability
1y 1%
5y 5%
10y 9%
15y 12%
20y 16%
25y 19%
30y 22%

Because risk accumulates over time, this property has a 22% chance of flooding within the next 30 years.

Provided by Flood Factor™

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WalkScore®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Loud Moderate Quiet

Max Internet Speed

Optimum by Altice

Provided by BroadbandNow®

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Sale history

Date Event Source Price % Change
5/8/21
Pending SMART_MLS $485,000
3/22/21
Listed / Active SMART_MLS $485,000 2.1%
12/8/20
Sold SMART_MLS $475,000

Finding records…

No additional history available

If new records are added for this property, we’ll share them here.

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