Are you in search of a prime investment property in Maryland? Look no further than these two lots in the Centennial District!
The County has already approved the subdivision of the lots, and they are now on hold for the building lot allocation and recordation process. The existing house on one of the lots has a tenant with a lease that will expire in June, making it a great opportunity for those looking to invest in rental properties. Alternatively, the existing home can be removed now, and a new home built in its place.
The entire property is being conveyed, including the lease agreement with the tenant in the home. However, the existing house will need to be removed before the building permit can be issued on Lot 17. The engineering process is just about complete, and the buyer will be responsible for the site development plan in order to build. Engineering plans are available for review.
It’s important to note that there is no access in the house or around the house, so an appointment is required to see the lot on Maxine Street only. Additionally, please do not park on the driveway of the existing house.
The taxes on the property are for the current house on one acre, at $6623 per year. With the potential for rental income or new construction, this investment property in Maryland is a fantastic opportunity for any savvy investor.
Don’t miss out on this chance to own two lots in the Centennial District. Contact the seller today to schedule a showing and take the first step towards investing in your future.\
MAXINE ( LOTS 17.18) ST, ELLICOTT CITY, MD 21042