SOLD $779,000 - Apartments, MultiFamily
17927 Leona Ave, Maugansville, MD 21767
17927 Leona Ave, Maugansville, MD 21767 Investment Opportunity – The subject building is improved with a three story, concrete block, converted apartment building containing 12 apartment units, set on a stone and concrete foundation.The building is rectangular in shape with a face brick exterior along the northern, and western elevations, and a vinyl sided exterior along the southern and eastern elevations. There are three, small covered entry way along the northern elevation. The roof is a gable style, asphalt shingle and was replaced in 2016 with a premium shingle 30 roofing, the gutters and down spouting are all aluminum.
The building contains 14,535 SF with a first floor foot print measuring 170’x 28.5′. The building houses 5 two bedroom apartments, 6 three bedroom apartments, 1 efficiency, and a coin operated laundry room. The building is essentially divided into quarters, with two central, walk-up hallways. Each hallway has a first floor, covered entry way with stoop. Each hallway with landing gives access to two units at either end of the hall. The laundry room has a rear entrance and an interior entrance. Each unit also has an emergency exit via rear frame fire escapes. Fire extinguishers are found at each building or common area.
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