3484 KITZMILLER RD
About This Property
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 26, 2025 | Price Decreased |
$190,000
↓ $9K
(4.5%) | |
| Price Decreased | |||
| Mar 12, 2025 | Listed | $199,000 | |
| Listed | |||
| | |||
|
Offering versatility and possibility, this property is located near the southern end of Deep Creek Lake, Jennings Randolph Lake and the upper reaches of the Potomac River. It could serve as a primary or secondary home, or as a location for a home-based business.
Property Features:
Spacious Living Area: On the main level, the property features a kitchen that opens up to a dining room in addition to a den. For more living space, the areas that were once used for sales can be converted into additional residential space, as a second updated bathroom is already in place. The upper level features 3 bedrooms and an updated, oversized bathroom. Newly installed hot water heating system.
Business Potential: This property is ideal for a home-based business, retail space, or office. The oversized, heated, double attached garage offers lots of great options and extra storage space on the second level. Additionally, there’s a partial basement with an exterior entrance. LOTS OF STORAGE AREA. Front of dwelling has been used in the past as a convenience store/gas station. Attached garage has been used as an auto repair area.
Private Outdoor Space: Enjoy ample outdoor space for relaxation, gardening, or additional business expansion on 2.89 acres. The property includes two large sheds, a pavilion, and a patio outside.
Prime Location: You’ll enjoy the peace and tranquility of country living while being just a short drive from nearby rivers and lakes for kayaking, rafting and trout fishing. Easy access to recreation areas, hunting, communities and major routes.
Affordable Living: Whether you’re starting a business or seeking a peaceful home, this property provides a cost-effective solution to living and working in the beautiful mountains of Maryland.
This is a fantastic opportunity to start your dream business while enjoying the comforts of home and open space. Don't miss out on the potential this property has to offer. The property is being sold "as- is". Contact us today to schedule a viewing and see how this charming and spacious property can work for you!
| |||
| Sep 19, 2024 | Sold | ||
| Sold | |||
| Aug 4, 2024 | In contract | - | |
| In contract | |||
| Jul 17, 2024 | Relisted | $199,900 | |
| Relisted | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017