30371 Mt Vernon Rd, Princess Anne MD 21853

  • 30371 Mt Vernon Rd
  • 30371 Mt Vernon Rd
  • 30371 Mt Vernon Rd

Description

Income producing real estate opportunity, secured by Dollar General. Current annual income is $60,000.00. There is 1 year remaining on the current term. The tenant has the option to renew for an additional 5 years at a $500 per month rent increase. Dollar General is currently paying just $8.22 PSF NNN; which is well below market value for this location. Purchasing income properties with below market rents offer HUGE UPSIDE POTENTIAL to SAVVY INVESTORS who want to purchase assets with strong growth potential!

Contract Information

List Price - $829,000

Location, Legal, Taxes & Expenses

MLS No. - 513214
MLS Area - 20-02 Somerset Co East of Rt-13
County - 20 - Somerset
Subdivision - N/A
Building Name - N/A
Annual City Tax - $0
Zoning Description - C2
Annual Cnty Tax - $4,768

General Property Description

Living Area - 7,180
Lot Acres - 0.47
Year Built - 1998
Dwelling Floors - 1
Attic - None
Short Sale - No

Property Features

Exterior Type - Brick
Foundation - Concrete Slab
Basement - None
Dock Type - None
Lot Description - Corner

Agent

Salisbury, MD 21801
Contact: (443) 614-4297
Office: (410) 742-8151

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