207 Phebus Ave Frederick, MD 21701

Listing details for 207 Phebus Ave, Frederick, MD 21701 : 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.