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$410,000

Beds
4
Baths
2.5
sq ft
1,763

6559 Frietchie Row, Columbia, MD 21045

6559 Frietchie Row

COLUMBIA, MD 21045

  • 13 days on market
Investor Special: Cash-Flowing Multifamily Townhouse in Columbia, MD. This is a three-level, turnkey multifamily townhome located in the heart of Columbia, MD. The property is unique and perfect for investors. The top portion of the property is a 3-bedroom, 1.5-bath townhome, rented for $2,350 per month. The basement is a studio apartment, rented for $1,300 per month. Total combined rent is $3650. The property comes with active, transferable rental permits from the county for both units. Features: The top level includes 3 bedrooms and 1.5 baths. The lower-level studio apartment features a full kitchen, full bath, and in-unit laundry. It also has its own electricity meter, separate address, USPS mailbox, reserved parking spot, and private entrance. The only utility shared between both units is city water and sewage. Includes two sets of the following appliances: refrigerators, range/ovens, washers, dryers, water heaters, and AC units. The total combined monthly rent for both units is $3,650, with leases ending in August. This property is an excellent investment opportunity!

Details

Property type

Townhouse

Est. home value

$386,268

Lot size

2,003 sq ft

Price per sq ft

$233

Year built

1974

Annual property taxes

$5,071

Monthly HOA fee

$99

Price History

11/15/2024
Bright

Bright #MDHW2046634

Listed
$410,000
+41.38%
05/29/2019
Bright

Bright #MDHW261442

Sold
$290,000
+23.4%
11/30/2016
Bright

Bright #1003936215

Sold
$235,000
+42.42%

Schools & Community

Elementary school: 

CRADLEROCK

Middle school: 

LAKE ELKHORN

High school: 

OAKLAND MILLS

School district: 

HOWARD COUNTY PUBLIC SCHOOL SYSTEM

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$128,246
Asking price
$410,000
Closing costs (~8% of asking)
-$32,800
Est. remaining loan balance
-$248,954
Cash to seller
$128,246

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Caliber Home Loans Inc

Loan start date

September 2020

Original loan amount

$274,460

Est. remaining balance

$248,954

Interest rate

2.88%

Loan type

FHA, 30 year

Seller

Chaitanva Srinadhu

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 11/28/2024 at 9:35 AM

Listing updated: 11/18/2024 at 2:39 PM

Listed by: Deepak Nathani, EXP Realty, LLC Phone #: (888) 860-7369

MLS: Bright #MDHW2046634

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