200-204 High St,CHESTERTOWN, MD 21620
CHESTERTOWN, MD 21620
Description
A rare turnkey, profitable, investment property in downtown Chestertown. Renovated to the studs in 2022, 200-202-204 High Street has 5 apartments and 3 storefronts and since renovations has had no vacancies, with solid leases in place. During the renovations every major system in the building was replaced, including new electric service, meters and new wiring throughout, all new plumbing using PEX, new water and septic service lines to the building, new energy efficient water heaters and appliances, rebuilt foundation, new Jeldwen Auralast windows, insulation and air sealing, new roof on rear portions of building (front 50-year cedar roof was replaced in early 2000s), new rear egress, a monitored fire alarm system and much more. Two of the storefronts are rented to a local arts non-profit and a yoga/pilates studio recently moved into the third commercial space. The 5 apartments consist of two 2-bedroom units and three 1-bedroom apartments. The steady income stream from the units is complemented by a generous property tax credit through 2032 (buyer to verify transferability). The property also has a Limited Lead-Free certificate, which requires only an exterior visual inspection every two years, and exempts the owner from MDE registration requirements. Complete income and expense information available after signing a confidentiality agreement. Limited photos posted for tenants' privacy.Contact for a private tour today. Please do not disrupt the businesses, they are tenants and the businesses are not part of the sale.
Details
| MLS # | MDKE2006810 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1860 |
| Days On Site | 52 |
| Listing Provided By | Taylor Properties | Julie H SANTOBONI |
Features
| Units | 1 |
|---|---|
| Zoning | C2 |
| Acreage | 0.14 |
Interior
| Cooling | Central A/C, Ductless/Mini-Split, Energy Star Cooling System, Heat Pump(s), Multi Units, Programmable Thermostat |
|---|---|
| Heating Yes / No | Yes |
| Heating | Heat Pump - Electric Back Up, Programmable Thermostat |
Exterior
| Roof | Architectural Shingle, Asphalt, Rubber, Shake |
|---|---|
| Security Features | Fire Detection System, Monitored, Smoke Detector |
| Construction Materials | Advanced Framing, Combination, Hardi Plank Type, Spray Foam Insulation, Wood Siding |
| Lot Features | Corner |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Private, Surface |
Taxes
| Tax Annual Amount | 8359 |
|---|
Area Information
| State | MD |
|---|---|
| County | KENT MD |
| City | CHESTERTOWN |
| Zip Code | 21620 |
| Area | KENT MD |
| Community Name | DOWNTOWN CHESTERTOWN |
| School District | KENT COUNTY PUBLIC SCHOOLS |
| Listing VS Median (in DOWNTOWN CHESTERTOWN) | |
Price: $2,300,000 low | high Med: $0 On site: 52 low | high Med: | |
Market Activity 21620
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Learn More About This Property
| State | MD |
|---|---|
| County | KENT MD |
| City | CHESTERTOWN |
| Zip Code | 21620 |
| Area | KENT MD |
| Community Name | DOWNTOWN CHESTERTOWN |
| School District | KENT COUNTY PUBLIC SCHOOLS |
| Listing VS Median (in DOWNTOWN CHESTERTOWN) | |
Price: $2,300,000 low | high Med: $0 On site: 52 low | high Med: | |
 | $440,000104 Church AlyChestertown, MD 21620 |
 | $829,000106 Queen St SChestertown, MD 21620 |
 | $1,245,500105 High StChestertown, MD 21620 |
CENTURY 21® and the CENTURY 21 Logo are registered service marks owned by Century 21 Real Estate LLC. Century 21 Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each office is independently owned and operated. Listing information is deemed reliable but is not guaranteed accurate.
