If you’re in the market for an investment property in Maryland, then you should check out this opportunity to purchase two lots in the Centennial District. The subdivision has already been approved by the county, and the property is on hold for the allocation of building lots and recordation of the lots.
The existing house on one of the lots has a tenant with a lease that expires in June. The house can be removed now, and a new home can be built in its place. The entire property is being conveyed, including the lease agreement with the tenant in the existing home.
Before the building permit can be issued on Lot 17, the existing house will need to be removed. The engineering process is almost complete, and the buyer will be responsible for the site development plan in order to build. Engineering plans are available for review.
There is currently no access to the house or around the house, and an appointment is required to see the lot on Maxine Street only. Please do not park on the driveway of the existing house.
The taxes on the property are for the current house on one acre, which is $6,623 per year. This investment property is an excellent opportunity for anyone looking to build a new home in a desirable location or for a developer looking for their next project.
The Centennial District is a highly sought-after area in Maryland, known for its excellent schools, beautiful parks, and convenient location. This investment property is an excellent opportunity to capitalize on the growth and development of the area.
If you’re interested in learning more about this investment property for sale, don’t hesitate to contact the listing agent today. This is a rare opportunity to purchase two lots in the Centennial District, and it won’t be on the market for long.
MAXINE ( LOTS 17.18) ST, ELLICOTT CITY, MD 21042