58 West Water St

58 W Water St
Sold

58 West Water St , SMITHSBURG, MD 21783

Prop Use: COMMERCIAL

Building Use: APARTMENTS

This is your chance to own a great building in SMITHSBURG, all concrete block, almost maintenance free, 4- 2 bedroom units all with central air, separate coin operated laundry, huge full basement option to ad more units or rent as is, one unit is handicapped accessible. owner wants to sell, we will consider all offers

 

INTERESTED IN SELLING ?

Selling a Office or a multifamily property is different!! People who don’t work in real estate are always amazed to learn that finding the buyer isn’t the biggest challenge in real estate.

The biggest challenge is in getting the transaction from the offer stage all the way to closing. This is true with single family homes, and true with Multifamily and other commercial property. Inspections can cause problems, as can appraisals. And with investment properties, the financial information can play a huge role in both issues. Unless your agent knows how to negotiate with buyers over those issues, your promising sale can wither and die.

Inspections: When the inspector finds a problem, you need to know first if it impacts the safety or longevity of the building. Then, because return on investment is the issue for your buyer, you’ll need to re-negotiate the price, fix the problem, or show the buyer that it isn’t a vital issue.

Appraisals: Banks too often bring appraisers in from other areas. Your agent needs to be able to supply that appraiser with true comparable to justify your price. In addition, he or she needs to be able to demonstrate the return on investment. And here’s where experience with tax returns and financial statements really counts.

Price:$289,900
Address:58 W Water St
City:Smithsburg
State:MD
Zip Code:21783
MLS:WA6761635
Year Built:1900
Floors:3
Square Feet:4000
Lot Square Feet:24024
Tagged Features:

Listing Inquiry

Leave a Reply

Your email address will not be published. Required fields are marked *