507 Camden Ave, Salisbury, MD 21801
sale
$899,000
|
Other
Courtesy Of Long & Foster Real Estate
Historic 9-Unit Investment Property in the Heart of Salisbury, Maryland An exceptional opportunity awaits with this beautifully preserved historic 9-unit apartment building, ideally located in the vibrant center of Salisbury, Maryland. Blending timeless character with modern-day convenience, this property offers strong appeal for both investors and tenants seeking charm, walkability, and accessibility. Perfectly positioned in a prime downtown location, residents enjoy being just a short five-minute walk from Tidal Health Hospital, as well as Salisbury's bustling downtown district-home to an array of local shops, restaurants, cafes, and everyday amenities. This highly desirable setting attracts a steady tenant base, including medical professionals, students, and individuals who value an urban lifestyle. The building features a well-balanced unit mix, consisting of three spacious two-bedroom apartments and six comfortable one-bedroom units. Each apartment includes its own kitchen and full bathroom, providing tenants with privacy and convenience. Additionally, all units are equipped with separately metered electric service and individual gas-fired hot water boilers, enhancing operational efficiency and simplifying utility management. Rich in historic charm and located in one of Salisbury's most sought-after areas, this property represents a rare chance to own a character-filled, income-producing asset in a thriving and walkable community.
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Property Features
- Age: Over 50 Years Old
- Architecture Style: Other
- Cooling System: Window Unit(s)
- Cooling System: Multi Units
- Exterior Type: Wood Siding
- Floor Covering: Hardwood
- Heating System: Hot Water (Heating)
- MLSID: MDWC2022212
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