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Jack And Jill Team eXp Realty LLC
30445 Oak St, Princess Anne, MD 21853
- $300,000
- 1,920
- SqFt
- List Price
- $300,000
- Status
- ACTIVE
- MLS#
- MDSO2007906
- Subtype
- Multi-Family
- Style
- Ranch
- Year Built
- 2006
- Living Area
- 1,920
- Lot Size
- 9,415
- Acres
- 0.22
- Subdivision
- None Available
- MLS Area Major
- Somerset East of Rt-13 (20-02)
Property Description
Turnkey income-producing duplex, walkable to Downtown Princess Anne! This well-maintained property features two units. One is 3-bedroom, 2-bath unit, and the other is a 2-bedroom, 1-bath unit generating $2,320/month in rental income with the potential to easily generate $3,000/ month based on recent market rents. Current Cap Rate 5.77% with Market Potential of 8.08%. Both units are occupied with stable tenants, including one since 2025 and the second since 2020, providing immediate cash flow from day one. A new HVAC system was installed in Unit B in 2025, and in 2019 for Unit A. Unit A has been recently updated. Separately metered electric keeps operating costs low, and the strong local rental market continues to support long-term demand. Conveniently located near UMES, healthcare, county employers, and the US Route 13 corridor, this property attracts workforce and university-affiliated tenants alike. Whether you're adding to your portfolio or purchasing your first multifamily investment, this duplex offers a proven rental history, strong cash flow, and excellent long-term investment potential. **Full Capital Expenditures Report Available Upon Request**
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Additional Information
- Interior Features
- Second Kitchen, Tub Shower, Some Carpeting, Ceiling Fans, Entry Level Bedroom, Eat-in Kitchen, Recessed Lighting
- Exterior Features
- Rain Gutters
- Taxes
- $3,167
- Property Description
- Ranch
- Zoning
- R-1
- Flooring
- Vinyl, Carpet
- Appliances
- Refrigerator, Dishwasher, Electric Range, Stove, Water Heater
- Heating
- Heat Pump
- Air Conditioning
- Central Air
- Roof
- Architectural
- Foundation
- Crawl Space
- Parking Features
- Driveway (Gravel)
- School District
- Somerset County Public Schools
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Listing courtesy of Northrop Realty. Contact: