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Owner finance

$450,000

305 E Water St

Centreville, MD 21617

Beds2
Baths3
Sq ft3,300
Year built1962
Rent estimate$2,751/mo
Listed by

Maryn LeClair, Chesapeake Real Estate Associates, LLC · (443) 480-2837

What the listing says

Mixed-use commercial property offering exceptional exposure in a sought-after location. The first floor commercial space features about 1800 sq' separated between a large retail space, office/kitchen , and storage space. The second floor includes a 2-bedroom, 1-bath apartment ideal for owner occupancy or rental income. Seller financing may be available for buyers with 20% down, 5% interest, amortized at 15 years with a 5 year balloon. The building offers flexible layout potential and is truly ready for your vision. Downstairs can easily be divided into three sections to rent out separately. Situated on nearly a half-acre lot, the property boasts a generous parking area with 12 spaces and room for future expansion. A rare opportunity for entrepreneurs, investors, or owner-operators looking to establish or grow their business in the heart of Centreville. Take advantage of the seller financing opportunity and 5% rate!

See the original listing ↗

This listing mentions owner financing. Terms are set by each seller and are negotiable. The description and numbers come from the listing and Zillow; confirm availability, the price and any financing with the seller or their agent.

Property Details

Property Type

Single Family

Lot Size

20,400 sq ft

HOA

None

More owner-financed homes near Centreville

Questions about owner financing in Centreville

What is owner financing for 305 E Water St?

Owner financing means the seller of 305 E Water St acts as the lender. Instead of getting a mortgage from a bank, you make monthly payments directly to the property owner. The listing for this Centreville, MD home mentions owner financing; confirm it with the seller.

Do I need good credit for owner financing?

There's no bank approval, but each seller sets their own requirements. Some check credit, income or references; others don't. Ask the seller or their agent what they need.

How much is the down payment for this Centreville home?

There is no standard down payment. The seller of this Centreville home sets their own, and it is negotiable. Ask the seller or their agent.

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