1.22 Acres in Mchenry, MD - $485,000

Very unique property less than 5 minutes from Deep Creek Lake! This duplex has endless potential and has had major renovations in the last few years. Listed at the recently appraised value, this 5 bedroom 3 bath home has 2 units and will easily generate $30,000/year in rental income! The main/upper unit of the home is currently rented for $1500/mth and the downstairs was recently rented for roughly $1000/mth. BOTH units have had major renovations. The oversized 1080 sq ft garage was added on in 2020, which added over 1000 sq ft of living space and a primary suite. Situated on over an acre of land, the spacious yard, wrap around deck, and concrete patio (both brand new in 2021) make for the perfect outdoor oasis. This home is located right in the heart of McHenry minutes from both Deep Creek Lake and the Wisp resort. Live in one area, rent the other, or even turn this into 3 units with limited work! The beauty of this home is that you also can USE THE RENTAL INCOME TO HELP QUALIFY! FHA allows you to live in one, and use the rental income from the other to increase your qualifying power. Tremendous way to pay off a mortgage in a shorter amount of time, and earn passive income as you go. Home inspection was already completed and is available. 1 year home warranty will be provided at the time of settlement. New Roof is also being installed on the main part of the house within the next 3 weeks. Great opportunity for primary or secondary homeowners!

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