Fantastic investment opportunity, Fully rented at $3,225 a month with the opportunity to increase cash flow!Nestled just a stone's throw away from the picturesque Georgetown waterfront in the coveted Historic District, this quadplex is the epitome of reliability, comfort, and convenience. Boasting four individually metered apartments, this property is perfect for discerning tenants seeking a reliable and long-term home and owner's looking to maximize every square inch of their investment.With a track record of tenants staying an average of four years, you can rest assured that your investment is in good hands.Ample parking is available in the rear of the building, complete with a grand foyer entrance and motion-detection courtesy lighting, providing both safety and convenience. Each apartment features a thoughtfully designed layout, complete with a full kitchen, bath, living room, and bedroom with washer and dryer. Two apartments even offer an extra room that can be utilized as an office or an additional bedroom. All kitchens come furnished with a stove and refrigerator. The apartments boast a mix of beautiful hardwood pergo flooring and plush berber carpeting, and all are equipped with mini-splits or window/wall-mounted heat pumps to keep residents comfortable year-round. Outside, tenants can enjoy a screened porch on the bottom floor or relax on the rear seating area. This charming property comes with an exciting opportunity for an additional cash flow stream. With the included fifth floor space, the potential to transform it into another studio apartment is at your fingertips. Take advantage of this rare chance to increase your investment portfolio and maximize your returns. Location is PRIME, situated in the heart of historic Georgetown, just a stone's throw away from the bustling waterfront. Take a leisurely stroll down the picturesque streets and explore the plethora of charming shops and restaurants that line the waterfront. Indulge in the rich history and culture of the neighborhood while enjoying the convenience of having everything you need within walking distance. This is truly an incredible investment opportunity that you don't want to miss! Take a short stroll to experience all that the Georgetown waterfront has to offer, and enjoy the comfort and reliability of this remarkable quadplex. A separate deeded lot also offers additional parking options for tenants.
Located just one block from the Georgetown waterfront in the Historic District this quadplex features four apartments each with their own electric and water meter. Tenant stays average four years and each is occupied with reliable tenants. Parking is available in the rear of the building with foyer entrance and motion detection courtesy outside lighting. Property includes a separate deeded lot for additional parking. Each apartment has a common hallways upstairs and downstairs with two entrance doors. Each has a full kitchen, bath, living room and bedroom with washer and dryer hookups. Two have an additional room for office or bedroom. All kitchens are furnished with stove and refrigerator. Three apartments have hardwood pergo flooring and one has berber carpet. All are heated and cooled with a mini split or window/ wall mounted heat pump. Building provides an outside screened porch on the bottom floor an rear seating area on the second floor. A charcoal grill is provided for tenants on rear patio. A large room is located on the third story that could be used for storage or finished into a roomy bedroom and bathroom and attached to one of the second story apartments. Take a short stroll to all the Georgetown waterfront has to offer! Square footage is approximate and not guaranteed. Buyer is responsible for verification.
CCAR #117916
Feb 15, 2002
Sold
$77,500
Jul 24, 2001
Listed
$99,900
RECENTLY RENOVATED WITH NEW SIDING, WINDOWS, ROOF & HEAT & A/C WALL UNITS. SEPERATE UTILTIES. GROSSING 18,480/YR. GREAT INVESTMENT OPPORTUNITY.
Year
Property tax
Land + Additions
Assessment*
2025
$8,609 (+9.1%)
2024
$7,889 (+75.3%)
2023
$4,500 (+6.4%)
$75,000 + $277,000
$352,000
2022
$4,228 (+53.3%)
$30,000 + $176,700
$206,700
2021
$2,758
$30,000 + $176,700
$206,700
2020
$2,755 (−4.9%)
$30,000 + $115,400
$145,400
2019
$2,898 (+10.4%)
$30,000 + $115,400
$145,400
2018
$2,625 (+2.0%)
$22,400 + $123,800
$146,200
2017
$2,575 (+1.0%)
$22,400 + $123,800
$146,200
2016
$2,548 (+5.6%)
$22,400 + $123,800
$146,200
2014
$2,414
$22,400 + $123,800
$146,200
Tax history for 1107 Prince St
Year
Property tax
Land + Additions
Assessment*
2025
$8,609 (+9.1%)
2024
$7,889 (+75.3%)
2023
$4,500 (+6.4%)
$75,000 + $277,000
$352,000
2022
$4,228 (+53.3%)
$30,000 + $176,700
$206,700
2021
$2,758
$30,000 + $176,700
$206,700
2020
$2,755 (−4.9%)
$30,000 + $115,400
$145,400
2019
$2,898 (+10.4%)
$30,000 + $115,400
$145,400
2018
$2,625 (+2.0%)
$22,400 + $123,800
$146,200
2017
$2,575 (+1.0%)
$22,400 + $123,800
$146,200
2016
$2,548 (+5.6%)
$22,400 + $123,800
$146,200
2014
$2,414
$22,400 + $123,800
$146,200
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.