Are you in the market for a new investment property? Look no further than this Maryland investment property for sale, two lots in the Centennial District. The County has already approved of the subdivision and is on hold for the building lot allocation and recordation of the Lots.
The existing house has a tenant with a lease set to expire in June, making it the perfect opportunity to remove the existing home and build a brand new property in its place. The entire property, including the lease agreement with the tenant in the home, is being conveyed to the buyer.
However, the existing house will need to be removed before the building permit can be issued on Lot 17. Fortunately, the engineering process is just about complete, and engineering plans are available. The buyer will be responsible for the site development plan in order to build.
It is important to note that there is no access in or around the existing house, so an appointment is required to see the lot on Maxine Street only. Additionally, please do not park on the driveway of the existing house.
The taxes on the property are currently for the existing house on one acre, at $6,623 per year. For those looking to make a smart investment in Maryland, this property offers a unique opportunity to build a new home in a desirable location.
MAXINE ( LOTS 17.18) ST, ELLICOTT CITY, MD 21042