3245 Long Lane, Manchester, MD 21102

Property Description

Turnkey 3-Unit Multifamily Investment – Prime Manchester Location! Fantastic opportunity to own a well-maintained, income-producing multifamily property just one block from Manchester's Main Street. This turnkey investment features approximately 2,400 square feet of living space across two levels on a spacious lot with a large yard, patio, covered porch, and paved off-street parking area. The property consists of three fully occupied apartments: *Two one-bedroom units (approximately 600 square feet each) featuring one bedroom, one full bath with a large linen closet, kitchen, living room, and an additional flex room that could serve as a home office, walk-in closet, nursery, or potential second bedroom. *One two-bedroom unit (approximately 800 square feet) featuring two bedrooms, one full bath with a large linen closet, kitchen, living room, and an additional flex room that could be used as a home office, walk-in closet, or potential third bedroom. All three units are occupied by long-term tenants of more than nine years, providing immediate, dependable rental income and demonstrating exceptional tenant stability. The two upper-level apartments each feature private balconies, while the lower-level apartment opens directly onto its own private patio. . Outside, tenants enjoy a generous yard and a paved side parking area offering abundant off-street parking—a rare amenity within walking distance of Manchester's shops, restaurants, and local conveniences. The property has been consistently maintained, including a new water heater (2026) and newer electric meters, and is in excellent overall condition. It conveys with a Maryland Department of the Environment (MDE) Lead-Free Certificate, providing added value and peace of mind for investors. Whether you're expanding your portfolio or purchasing your first multifamily investment, this low-turnover, cash-flowing asset offers stable income, strong rental history, and an outstanding location in one of Carroll County's most desirable small-town communities. Current leases run through October 31, 2026, providing immediate cash flow while offering the next owner the flexibility to renew the existing leases, adjust rental rates as permitted by law, or reposition the property after lease expiration, subject to applicable zoning and regulations

Property Features

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