Maryland Investment Property For Sale

Maryland Investment Property For Sale

If you’re looking for an investment property in Maryland, then you might want to consider this unique opportunity. Two lots in the Centennial District are up for sale, complete with an existing house that has a tenant with a lease that expires in June.

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The county has already approved of the subdivision, and the lots are currently on hold for the building lot allocation and recordation. The entire property, including the lease agreement with the tenant in the home, will be conveyed to the buyer.

Maryland Investment Property For Sale

However, before a building permit can be issued on Lot 17, the existing house will need to be removed. 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.

It’s important to note that there is no access in the house or around the house, and appointments are 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 currently for the existing house on 1 acre, which come to $6623 per year.

This investment property for sale is a great opportunity for those who are looking for a project to build their dream home or to develop a property for rental purposes. With the county’s approval already obtained, all that’s left is for the buyer to plan and execute their vision for the property.

If you’re interested in this investment property, be sure to schedule an appointment to see the lot and learn more about the engineering plans and site development requirements. With the right planning and execution, this property could be a great investment and a valuable addition to your portfolio.