242 Mackall St, Elkton, MD 21921

Unlock the door to your future with an exclusive offer: Qualify for an exceptional 4.87% financing rate and $1,550 per month payment for one year. Up to $7,000 lender-specific grant available on this property OR $12,500 in down payment assistance meaning no down payment is required. ARM financing also available at 5.25% rate for 5 years. Taxes and insurance not included. Buy direct and receive a FREE, 3-year home warranty on all major systems in the home. Call for details. Unlock a high-performing investment opportunity in the heart of Elkton. This fully leased, 3-unit colonial-style property offers approximately 3,000 square feet of finished living space on a generous, 0.39-acre lot, combining classic charm with dependable income. With long-term tenants in place who wish to remain, professional property management handling day-to-day needs, and tenants paying all utilities, this asset is positioned for immediate, low-maintenance cash flow. Generating $2,800/month ($33,600 annually), the property delivers a projected net operating income of $28,392 before vacancy and reserves, based on annual taxes of approx.$3,708 and insurance of approx.$1,500 -reflecting an estimated 11% cap rate at the $249,900 price point. This is a rare opportunity for investors seeking stable returns from day one. Main house has 3 bedrooms, 2 full baths, while units 2 & 3 in the rear of the building have 1 bedroom, 1 Bath each. Beyond the numbers, the location strengthens tenant retention and rental appeal. Residents enjoy creating quality time with friends and family with proximity to local green spaces like Meadow Park, which offers playgrounds, softball and football fields, walking trails, and a creek. Outdoor recreation at its best can be found nearby at the 5,000-acre Fair Hill Natural Resources Management Area, which is known for its Maryland 5 Star equestrian, one of only two 4 Star events in the U.S., that includes four days of competition in dressage, cross-country, and show jumping. Equestrian camping is available as well, with 10 camp sites and 119 stalls for horses as well as two youth group camping areas. An 80-mile trail system ensures a lifetime of outdoor exploration for hikers, bikers, runners, and equestrians. Hunting is permitted in specialized areas for bow hunting, raccoon hunting, and falconry hunting. Fishing enthusiasts will enjoy Big Elk Creek, which runs the entire length of the Fair Hill property and is stocked with trout. Residents also enjoy waterfront access to Elk Neck State Park along the Chesapeake Bay with campsite and cabin camping options as well as a wide variety of family-oriented events throughout the year. The property's convenient access to town amenities, shopping, and commuter routes further enhances its desirability. Whether you're expanding a portfolio or securing your first income-producing asset in Cecil County, 242 Mackall St stands out as a solid, turnkey investment with built-in stability and long-term growth potential. Call us for open house times! This Certified Pre-owned (CPO) home has been thoroughly inspected by a licensed home inspector and you'll receive the detailed report at no cost with no surprises! Plus, enjoy peace of mind with our 24-month satisfaction guarantee. Don't miss out on your dream property - contact us today!