8-8 1/2 MAIN ST Boonsboro, MD 21713

Downtown Boonsboro - Well kept 3 unit building with main level Commercial beauty salon tenant (business not for sale) and 2 residential units above including owner's apartment. Stable tenants, 3 electric meters, double pane windows, wood floors, new front roof 2023 (tin), new Trane heat pump for salon 2019, nice clean basement for storage, 3 water heaters, owner pays water/sewer/trash. Cozy owner's apartment with large bright living room, one bedroom, bathroom, eat-in kitchen, bonus room & delightful balcony & heat pump. Laundry facilities on lower level (for owner's use). Rear apartment has 2 bedrooms and long-term tenant, electric baseboard heat, & new rear staircase. Salon is the entire first floor, durable flooring, 1/2 bath and kitchenette in rear with laundry facilities and rear deck. Fenced rear yard. This is a gem...Family-owned for 50+ years and lovingly cared for.
Salon tenant there since Oct 2021, with 5 year lease through October 2026 with option to renew for additional 5 years (tenant would like to renew for additional 5 years), current rent $1,800 with annual increases of $50 per year. Upper front apt (former owner's unit) rented for $1,200. Upper back apartment rents $550 (market rent $1,200), tenant is month-to-month.
Property address is 8, 8 1/2 & 10 North Main Street, Boonsboro, MD 21713.
Love that small town charm. Great investment opportunity, call asap for your private showing.