9091 Ocean Gateway

Delmar, MD 21875

$595,000

Matthew Trader

Matthew Trader

443-614-4297

6-Unit Apartment Complex - 1.7+ Acres

6-Unit apartment complex situated on 1.7 ± acres located just out-side of Salisbury on Rt.13 in Delmar, MD. The property is currently being used as a small apartment complex and is producing income, but could be used for commercial development. Features that make this deal attractive: Direct access off of US Route 13. 500 Feet of Highway Frontage. Utilities are located on-site. Stable tenants with short-term leases provide immediate income and flexibility. Income can be used for carrying costs, while the new owner works on future development plans. Current NOI: $44,714

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