This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

Close
You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

962 characters remaining

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

We will automatically send your friend a one-time email inviting him or her to visit the site. LoopNet stores this information for the sole purpose of sending this one-time email and tracking the success of our referral program. View LoopNet's Privacy Policy

thank you

Your email has been sent!

606 E Patrick St

18 Unit Block of Flats £1,174,950 (£65,275/Unit) 11.17% Net Initial Yield Frederick, MD 21701

Investment Highlights

  • Downtown Frederick
  • Weekly Rentals
  • Walk to Metro

Executive Summary

18 Bedrooms 8 Full Bathrooms
12 Single Rooms with Bed, Closet, Dresser, TV, some have other furniture
1 2 bedroom efficiency w/private bath
2 Efficiency w/ private bath
2 Efficiency w/ shared bath
1 Apartment with everything
Canteen / Laundry, Office
Rents are paid weekly or sometimes Bi-Weekly depending on tenants' pay schedule
Potential Rent Roll if 100% occupied is $4,875 per week / $253,500 per year
Parking lot can accommodate 25 parking spaces
See SPEC Sheet

Attachments

606 E Patrick Spec Sheet

Financial Summary (Actual - 2023) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price £1,174,950 Building Class C
Price Per Unit £65,275 Lot Size 1.01 AC
Sale Type Investment Building Size 5,822 SF
Net Initial Yield 11.17% Average Occupancy 50%
No. Units 18 Number of Floors 2
Property Type Residential Year Built 1913
Property Subtype
Apartment
  • Multifamily Dormitory
 Parking Ratio 6.87/1,000 SF
Apartment Style Single Family Home Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Price £1,174,950
Price Per Unit £65,275
Sale Type Investment
Net Initial Yield 11.17%
No. Units 18
Property Type Residential
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Single Family Home
Building Class C
Lot Size 1.01 AC
Building Size 5,822 SF
Average Occupancy 50%
Number of Floors 2
Year Built 1913
Parking Ratio 6.87/1,000 SF
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Unit Amenities

  • Air Conditioning
  • Cable Ready
  • Microwave
  • Washer/Dryer
  • Heating
  • Refrigerator
  • Tub/Shower
  • Lawn
  • Porch
  • Warming Drawer

Links

1 of 1

PROPERTY TAXES

Parcel Number 02-064804 Total Assessment £908,759 (2024)
Land Assessment £0 (2024) Annual Taxes -£1 (£0.00/sf)
Improvements Assessment £0 (2024) Tax Year 2023

PROPERTY TAXES

Parcel Number
02-064804
Land Assessment
£0 (2024)
Improvements Assessment
£0 (2024)
Total Assessment
£908,759 (2024)
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2023

zoning

Zoning Code DR (zoning designation is typically applied to areas intended for future development or conservation.)
DR (zoning designation is typically applied to areas intended for future development or conservation.)
(301) 748-4675

Contact

  • Sean Brink
    Sean Brink
  • Brink Real Estate Service's Inc

  • Listing ID: 33902629

  • Date on Market: 17/11/2024

  • Last Updated:

  • Address: 606 E Patrick St, Frederick, MD 21701

1 of 16
VIDEOS
3D TOUR
PHOTOS
STREET VIEW STREET
MAP

1/16
606 E Patrick St, Frederick, MD for sale Building Photo- Image 1 of 16
001-Exterior Front
606 E Patrick St, Frederick, MD for sale Building Photo- Image 2 of 16
East Patrick Lot
606 E Patrick St, Frederick, MD for sale Building Photo- Image 3 of 16
071-Front Porch
606 E Patrick St, Frederick, MD for sale Interior Photo- Image 4 of 16
003-Full Size Apartment
606 E Patrick St, Frederick, MD for sale Interior Photo- Image 5 of 16
004-Full Size Apartment
606 E Patrick St, Frederick, MD for sale Interior Photo- Image 6 of 16
017-Room 6
606 E Patrick St, Frederick, MD for sale Interior Photo- Image 7 of 16
022-Room 7
606 E Patrick St, Frederick, MD for sale Interior Photo- Image 8 of 16
024-Room 8
606 E Patrick St, Frederick, MD for sale Interior Photo- Image 9 of 16
026-Room 9
606 E Patrick St, Frederick, MD for sale Interior Photo- Image 10 of 16
029-Room 10
606 E Patrick St, Frederick, MD for sale Interior Photo- Image 11 of 16
032-Room 11
606 E Patrick St, Frederick, MD for sale Interior Photo- Image 12 of 16
034-Room 12
606 E Patrick St, Frederick, MD for sale Interior Photo- Image 13 of 16
040-Room 14
606 E Patrick St, Frederick, MD for sale Building Photo- Image 14 of 16
060-Exterior Back
606 E Patrick St, Frederick, MD for sale Interior Photo- Image 15 of 16
064-Exterior Back

1 of 1

Connect with us

© 2024 CoStar Group

606 E Patrick St
(301) 748-4675 x

606 E Patrick St

Sean Brink

(301) 748-4675

(301) 748-4675

Already a member? Log In

First Name*

Last Name*

Please enter an email address.

Email*

Phone*

Ext (optional)

Company (optional)

Please leave a message.

Message*

{{messageTextLength}} out of 600

New to LoopNet? No problem. We'll automatically create a free account for you. By clicking the button, you agree to LoopNet's Terms of Use and Privacy Policy.

Hmm, there seems to have been an error sending your message. Please try again.

Thanks! Your message was sent.

Send another message

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}
You can provide feedback any time using the Help button at the top of the page.

Share Link