343 Calvert St,

CHESTERTOWN, MD

$900,000

0.56 Acres

List price to be opening bid at online only auction. Auction to take place to the Auctioneer's website. Bidding begins Saturday, April 6th & ends Thursday, April 11, 2024 at 12:00 pm. Exceptional opportunity to purchase a 12-Unit Apartment Complex comprised of 3 adjacent buildings. 11 out of 12 units are currently rented. Location: Chestertown is in Kent County; the apartment complex is conveniently located just a few blocks over the Chester River Bridge (Rte 213). The property has a convenient location near dining, shopping, schools, recreational facilities, and access to transportation routes. The building is located blocks away from Washington College, the University of MD Medical Center and the Downtown Historic District. **Current Gross Monthly Scheduled Rent of $14,044** **Current Annual Gross Scheduled Rent of $168,528** Each Unit is a 1 bedroom, 1 bath single level apartment. Rent Roll: 321 Calvert St rented for $1050/month. 323 Calvert St rented for $920/month. 325 Calvert St rented for $1150/month. 327 Calvert St rented for $1300/month. 329 Calvert St rented for $900/month. 331 Calvert St currently vacant. 333 Calvert St rented for $1180/month. 335 Calvert St rented for $1299/month. 337 Calvert St rented for $1445/month. 339 Calvert St rented for $1400/month. 341 Calvert St rented for $1200/month. 343 Calvert St rented for $1200/month. Annual expenses are approximate: $4,200 for insurance, $4,000 for water/sewer, $1,200 for lawn care, $2,500 for maintenance $1,600 for Gas/electric.

Facts & Features

MLS® # MDKE2003750

Price $900,000

Bathrooms 0.00

Acres 0.56

Year Built 1987

Type Commercial Sale

Sub-Type Five Or More Units

Status Pending

Community Information

Address 343 Calvert St

City CHESTERTOWN

County KENT-MD

State MD

Municipality Chestertown

Zip Code 21620

Amenities

Is Waterfront No

Interior

Heating Other

Cooling Other

Has Basement No

Fireplace No

Exterior

Exterior Vinyl Siding

School Information

District KENT COUNTY PUBLIC SCHOOLS

Additional Information

Date Listed March 22nd, 2024

Days on Market 35

Zoning R-5

Foreclosure No

Short Sale No

RE / Bank Owned No

Listing Details

Office Alex Cooper Auctioneers, Inc.

Richard Budden

Cell: (443) 480-1181

Print Contact Agent

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Listing information last updated on April 28th, 2024 at 8:30am EDT.

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343 Calvert St,

$900,000

Richard Budden