200 HIGH ST, Chestertown, MD 21620
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200 HIGH ST, Chestertown, MD 21620
200 HIGH ST, Chestertown, MD 21620
200 HIGH ST, Chestertown, MD 21620
200 HIGH ST, Chestertown, MD 21620
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Yony Kifle

Yony Kifle

+1(202) 597-1064
Listed by Julie SANTOBONI • Taylor Properties
$ 2,300,000
Est. payment /mo
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Active

200 HIGH ST Chestertown, MD 21620

6,098 Sqft Lot

UPDATED:

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

Subdivision Downtown Chestertown

MLS Listing ID MDKE2006092

Year Built 1860

Annual Tax Amount $8,359

Tax Year 2025

Lot Size 6,098 Sqft

Acres 0.14

Property Sub-Type Five Or More Units

Source BRIGHT

Property Description

A rare turnkey, profitable, investment property in downtown Chestertown. Renovated to the studs in 2022, 200-202-204 High Street has 5 apartments and 3 storefronts and since renovations has had no vacancies, with solid leases in place. During the renovations every major system in the building was replaced. Upgrades include new electric service, meters and new wiring throughout, all new plumbing using PEX, new energy efficient water heaters and appliances, rebuilt foundation, new Jeldwen Auralast windows, insulation and air sealing, new roof on rear portions of building (front cedar roof was replaced in early 2000s), new water and sewer lines and rear egress, a monitored fire alarm system and much more.
Two of the storefronts are rented to a local arts non-profit and a yoga and pilates studio will be moving into the third commercial space in April. The 5 apartments consist of two 2-bedroom units and three 1-bedroom apartments. The steady income stream from the units is complemented by a generous property tax credit through 2032 (buyer to verify transferability). The property also has a Limited Lead-Free certificate, which requires only an exterior visual inspection every two years, and exempts the owner from MDE registration requirements. Complete income and expense information available after signing a confidentiality agreement. Limited photos posted for tenants' privacy.
Contact for a private tour today. Please do not disrupt the businesses, they are tenants and the businesses are not part of the sale.

Location

State MD

County Kent

Zoning C2

Interior

Hot Water Electric

Heating Heat Pump - Electric BackUp, Programmable Thermostat

Cooling Central A/C, Ductless/Mini-Split, Energy Star Cooling System, Heat Pump(s), Multi Units, Programmable Thermostat

Flooring Laminate Plank

Heat Source Electric

Exterior

Garage Spaces 6.0

Water Access N

Roof Type Architectural Shingle,Asphalt,Rubber,Shake

Accessibility None

Total Parking Spaces 6

Garage N

Building

Lot Description Corner

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Kent County Public Schools

Others

Tax ID 1504008952

Ownership Fee Simple

Security Features Fire Detection System,Monitored,Smoke Detector

Acceptable Financing Bank Portfolio, Cash, Conventional

Listing Terms Bank Portfolio, Cash, Conventional

Financing Bank Portfolio,Cash,Conventional

Special Listing Condition Standard

Bright MLS (BMLS)
Yony Kifle

Yony Kifle

CEO | Team Lead | License ID: 0225200798

+1(202) 597-1064

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200 HIGH ST