606 East Patrick Street
Frederick, MD 21701
$1,500,000
Price
—
Beds
9,175 Sq. Ft.
$163 / Sq. Ft.
9,175
Sq. Ft.
$163
per Sq. Ft.
Description
This is a prime investment opportunity in the heart of vibrant Downtown Frederick. This exceptional 18-unit multi-family property promises steady income and potential growth, surrounded by Frederick’s bustling attractions, cultural hotspots, and top-tier amenities. Nestled in Downtown Frederick, it’s just steps away from award-winning dining, artisanal shops, and the iconic Market Street. Residents are minutes from Baker Park’s scenic trails, the lively Carroll Creek Promenade, theaters, galleries,...This is a prime investment opportunity in the heart of vibrant Downtown Frederick. This exceptional 18-unit multi-family property promises steady income and potential growth, surrounded by Frederick’s bustling attractions, cultural hotspots, and top-tier amenities. Nestled in Downtown Frederick, it’s just steps away from award-winning dining, artisanal shops, and the iconic Market Street. Residents are minutes from Baker Park’s scenic trails, the lively Carroll Creek Promenade, theaters, galleries, and endless entertainment options. Plus, with easy access to major highways and a walk to the MARC train, tenants enjoy seamless commutes to DC, Baltimore, and beyond. Each unit offers a unique layout, with a mix of studio, and one-bedroom, options even featuring private kitchens and bathrooms, adding privacy and appeal for tenants. The property harmoniously combines historic charm with modern comforts, making it an irresistible option in a highly desirable rental market. There’s ample parking, a rare convenience for downtown properties, which enhances tenant satisfaction and retention. With the strong demand for quality rentals in Downtown Frederick and the potential for rent appreciation, this property offers a valuable opportunity for investors. Don’t miss the chance to own a cornerstone asset in one of Maryland’s most dynamic rental markets. Contact us today for a private showing and take the next step in elevating your investment portfolio with this exceptional Downtown Frederick property.
- Listed by Sean C Brink • Coldwell Banker RealtyP: (301)-748-4675 sean@seanbrink.com
Property Details for 606 East Patrick Street
Tax ID Number
1102064804
OwnershipFee Simple
Structure TypeDetached
StyleColonial, Victorian
WaterfrontNo
ViewsCity, Street
GarageNo
Expected On Market Date12-07-2024
LISTING UPDATED: 12/10/2024 04:00 PM
Property Details for 606 East Patrick Street
| Status | Active |
|---|---|
| MLS # | MDFR2057290 |
| Days on Market | 23 |
| Taxes | $11,394 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family / Fee Simple |
| Year Built | 1913 |
| Lot Size | 1.01 AC / 43,996 SF |
| County | Frederick County, MD |
Building Information for 606 East Patrick Street
Stories-Residences2Year Built1913Building Size-Lot Size1.01 AC / 43,996 SF
Property Information for 606 East Patrick Street
Location
Location
- In City Limits: Yes
- Transportation: Airport less than 10 miles, Bus Stop less than 1 mile, Metro/Subway Station less than 1 mile
- School District Name: FREDERICK COUNTY PUBLIC SCHOOLS
- School District County ID: 121139693024
- SchoolDistrictSource: Listing Agent
- County: FREDERICK
Waterfront / Water Access
Waterfront / Water Access
- Water View: No
- Water Access: No
- Water Oriented: No
- Navigable Water: No
- Tidal Water: No
- Riparian Rights Y/N: No
Taxes and Assessment
Taxes and Assessment
- Tax Year: 2018
- Tax Assessed Value: $642,400
- Year Assessed: 2019
- County Tax: $6,724
- Improvement Assessed Value: $378,500
- City Town Tax: $4,670
- Land Assessed Value: $263,900
- Clean Green Assessed: No
- Municipal Trash: No
- Land Use Code: 003
- Agricultural Tax Due: No
- Historic: No
- Zoning: DR
- Zoning Dscrp: Land Use is Commercial | Site Influence is Motel / Hotel | Zoning DR (Downtown Residential)
- Automatically Update Tax Values Y/N: No
Lease Information
Lease Information
- Owner Pays: All Utilities, Cable TV, Common Area Maintenance, Electricity, Insurance, Lawn/Shrub Care, Repairs, Sewer, Snow Removal, Taxes - Real Estate, Trash Collection, Water
Unit Information
Unit Information
- Single Room Units Count: 12
- One Bedroom Units Count: 5
- Two Bedroom Units Count: 1
- Three Bedroom Units Count: 0
- Units Furnished: All
- Number Of Units Vacant: 5
Financial Information
Expenses
- Operating Expense: $78,000
Financial Information
- Annual Rental Income: $253,500
Building Info
Building Info
- Building Level Count: 3
- Building Units Total: 2
- Total Finished SQFT: 9,175.00
- Total Finished SQFT Source: Estimated
- Total SQFT: 9,175.00
- Total SQFT Source: Estimated
- Elevators Count: 0
- Construction Materials: Other
- Roof: Asphalt
- Flooring Type: Carpet, Ceramic Tile
- Basement Type: Connecting Stairway, Improved, Interior Access
- Foundation Details: Permanent
- Other Structure: 2nd House
Lot / Land Information
Lot / Land Information
- Lot Size Source: Estimated
- Lot Features: Front Yard, Level, Rear Yard
- Road Surface Type: Black Top, Paved
- Road Responsibility: Private
- Ground Rent Exists: No
Parking
Parking
- Type Of Parking: Driveway, Off Street
- Off Street - # of Spaces: 25
- Parking Features: Asphalt Driveway, Paved Driveway, Private
Interior Features
Interior Features
- Interior Features: Carpet, Ceiling Fan(s), Store/Office, Additional Stairway, Double/Dual Staircase, Efficiency, Entry Level Bedroom, Studio
- Appliances: Microwave, Refrigerator
- Accessibility Features: None
- Security Features: Main Entrance Lock, Smoke Detector, Exterior Cameras, Surveillance Sys
- Virtual Tour URL Unbranded: https://site.instashootllc.com/606-E-Patrick-St/r_mls
Exterior Features
Exterior Features
- Exterior Features: Gutter System, Outbuilding(s), Play Area, Sidewalks, Street Lights
- Outdoor Living Structures: Porch(es)
- Pool: No Pool
Utilities
Utilities
- Utilities: Cable TV, Electric Available
- Heating: Yes
- Cooling Type: Window Unit(s), Other
- Cooling Fuel: Electric
- Heating Type: Other
- Heating Fuel: Other
- Hot Water: Electric
- Water Source: Public
- Sewer Septic: Public Sewer
- Internet Services: Cable
Confidential Data
Listing Office
- List Agent AOR: Frederick County Association of REALTORS
- List Agent URL: www.seanbrink.com
Property History for 606 East Patrick Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 606 East Patrick Street
Taxable ValueLand-Additions-Total-
Tax Record2023$20,771 ($1,731 / month)
Home Facts
Total Finished SqFt4,675 SqFtAbove Grade Finished SqFt4,675 SqFtStories2Lot Size43,996 SqFtStyleMulti-Family Dwelling (2-4)Year Built1913ZoningDRCountyFREDERICKAPN02-064804
Schools near 606 East Patrick Street
This home is within Frederick County Public Schools.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Charter - | PK to 8 |
Rating | School | Distance |
|---|---|---|
Spring Ridge Elementary School PublicPK to 5 | ||
Gov. Thomas Johnson Middle School Public6 to 8 | ||
Gov. Thomas Johnson High School Public9 to 12 | ||
Monocacy Valley Montessori School CharterPK to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Coldwell Banker Realty
© 2024 Bright MLS. All rights reserved. All information is deemed reliable, but accuracy is not guaranteed. Listing information is from various brokers who participate in IDX and not all listings may be visible on the site. The property information being provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated on 12/10/2024 04:00 PM