About 9 S 2nd St
Seize the opportunity to own a rare cash-flowing 4-unit property in the heart of Woodsboro. This well-maintained 2 level building offers a strong rental history, stable tenants, and additional potential for increased returns. *Priced below recent Appraised Value!
Inside, you’ll find a total of 4,332 sq. ft. of living space, divided into four unique units:
Unit A – Spacious 2BR/1BA with dining room, living room, and kitchen. Features Hot Water Baseboard heating, central A/C, and a private covered patio. Currently leased at $1,200/month.
Unit B – 2BR/1BA with playroom, dining room, and enclosed porch entry. Includes Hot Water Baseboard heating, partial electric baseboard heat, and central A/C. Leased at $1,200/month.
Unit C – 1BR/1BA featuring an eat-in kitchen, living room, and updated systems. Equipped with heat pump HVAC. Currently rented at $800/month (month-to-month).
Unit D – 1BR/1BA with eat-in kitchen, living room, and closet space. Heat pump HVAC. Leased at $875/month.
Currently, Tenants enjoy the convenience of all utilities included in rent — electric, oil, water, and sewer. The property provides ample off-street parking, alley access, and an older two-car garage for storage. Each unit has been updated over time, with the front main-level units considered superior in finish and condition.
Current Rent Roll (Fully Leased):
Unit A – $1,200/mo
Unit B – $1,200/mo
Unit C – $800/mo
Unit D – $875/mo
Total Gross Monthly Rent: $4,075 / $48,900 annually
Expenses include utilities (electric approx. $3,122/year, oil approx. $3,483/year, water/sewer approx. $1,498/year), along with real estate taxes and insurance. While rents are below current market averages for the area, comparable properties demonstrate strong potential for future rent growth, making this an excellent long-term hold.
The property is ideally located within town limits of Woodsboro, just steps from Main Street and Route 194, with easy access to Frederick (10 miles SW) and surrounding employment hubs. The established neighborhood has a mix of older homes and newly constructed residences, ensuring strong rental demand.
This is a turnkey investment offering reliable income today and the opportunity to capture even greater returns tomorrow.
