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Property view

230 Lakewood Drive, 
Salisbury, MD 21804

$475,000

6

Beds

—

Bath

2,688

Sq Ft

Multi-Family

Sold

Listed by

Andrew Ball

Bought with Sharon Real Estate P.C.

Svn/Miller Commercial Real Estate

MLS#

MDWC2014740

Source:

BRIGHTMLS

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About This Home

230 Lakewood Drive

Investment Opportunity in a Strong Rental Market 2 unit, 2688 Square Foot Duplex on Tony Tank Pond consisting of Two, Four Bedroom/Two bath units Rental Income of $50,780 and NOI of $36,213 which includes professional management. Both units are in great condition with no deferred maintenance. Tenants are responsible for all utilities & water/sewer. The leases are designed to give the Landlord 12 days to turn the unit while rent is still being paid. Both units are fully rented for 2024/2025 school year. Buyers can tour the interior of the units with an agreed upon LOI.

Home Facts

Multi-Family

6 Bedrooms

Built in 2002

Price Summary

475,000

$176 per Sq. Ft.

MLS #:

MDWC2014740

Sold:

November 8, 2024

Rooms & Interior

Bedrooms

Total Bedrooms:

6

Structure

Structure

Architectural Style:

Contemporary

Building Area:

2,688 Sq. Ft.

Year Built:

2002

Lot

Lot Size (Sq. Ft):

14,810

Finances & Disclosures

Finances

Price:

$475,000

Price per Sq. Ft:

$176 per Sq. Ft.

Source:BRIGHTMLS
The information being provided by Bright MLS is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2025 Bright MLS All rights reserved.