Description
Check out this one of a kind property! Located on 2nd street, lined with cobble stone walkways and mature Oak trees, in the historic and beautiful town of Oakland Maryland. This meticulously maintained and cared for Colonial style zoned apartment building has over 7,000 sq feet of usable space, beautiful stained glass windows in the main foyer/staircase, and is also one of the only properties in Oakland with grandfathered use to operate as an AirBNB/short term rental. Truly an amazing opportunity for a seasoned or first time property investor, this building provides an instant and impressive cash flow opportunity for it's new owner. Current owner found highest and best income in cycling between long term, Airbnb, and short term work related rentals. The main building is comprised of 5 apartments (two 2 bedroom one bath, two 1 bedroom 1 bath, one studio apartment, and one bonus efficiency/owners/AirBNB apartment.) All currently occupied on long term leases at this time. Each unit has been recently remodeled, updated, and thoughtfully and tastefully decorated. All furnishings, appliances, and decorations convey to the new owner. The full size basement contains two coin operated Washer and Dryer units, and has extra space allowing for storage for tenants or owner. The exterior has a separate detached garage for storage, and a large area in the back that could be used as a recreation/BBQ area. The utilities have all had recent upgrades as well. Electric was upgraded and improved to allow separate metered service to each unit, the HVAC was upgraded to allow ductless A/C and heat to units as well as individual metered public gas service. Each Tenant pays for their own utilities except water and sewer bills. Roof was replaced in 2022, new deck installed in 2023, New windows installed in basement. Call today for more information!
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8BEDS
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0.68ACRES
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6BATHS
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01/2 BATHS
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5,332SQFT
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$94$/SQFT
School Information
Description
Check out this one of a kind property! Located on 2nd street, lined with cobble stone walkways and mature Oak trees, in the historic and beautiful town of Oakland Maryland. This meticulously maintained and cared for Colonial style zoned apartment building has over 7,000 sq feet of usable space, beautiful stained glass windows in the main foyer/staircase, and is also one of the only properties in Oakland with grandfathered use to operate as an AirBNB/short term rental. Truly an amazing opportunity for a seasoned or first time property investor, this building provides an instant and impressive cash flow opportunity for it's new owner. Current owner found highest and best income in cycling between long term, Airbnb, and short term work related rentals. The main building is comprised of 5 apartments (two 2 bedroom one bath, two 1 bedroom 1 bath, one studio apartment, and one bonus efficiency/owners/AirBNB apartment.) All currently occupied on long term leases at this time. Each unit has been recently remodeled, updated, and thoughtfully and tastefully decorated. All furnishings, appliances, and decorations convey to the new owner. The full size basement contains two coin operated Washer and Dryer units, and has extra space allowing for storage for tenants or owner. The exterior has a separate detached garage for storage, and a large area in the back that could be used as a recreation/BBQ area. The utilities have all had recent upgrades as well. Electric was upgraded and improved to allow separate metered service to each unit, the HVAC was upgraded to allow ductless A/C and heat to units as well as individual metered public gas service. Each Tenant pays for their own utilities except water and sewer bills. Roof was replaced in 2022, new deck installed in 2023, New windows installed in basement. Call today for more information!
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