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Key Details
Sold Price $825,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 4,500 sqft
Price per Sqft $183
MLS Listing ID MDAA2077910
Sold Date 07/08/24
Originating Board BRIGHT
Year Built 1949
Annual Tax Amount $5,890
Tax Year 2021
Lot Size 7,500 Sqft
Acres 0.17
Property Description
6 total rental units. Cash flowing, no deferred maintenance, fully rented, and recently renovated apartment building (5 units) plus single-family home in renter-dense Glen Burnie location. Lead-free (MDE registered) and legal (cert of use w/non-conf cert and MDL). Property was fully renovated in '18/'19 -- new roofs and gutters, individually electrical metered, new water heater, paint, LED lighting, landscaping, fencing, mailbox cluster, and 5 of 6 interiors completely re-done including baseboad heaters. Actual annual rents of $90,120 with upside, equating to a 8.75% current cap rate.
Units consist of one 3-bedroom, three 1-bedrooms, and one efficiency in the apartment building and one 1-bedroom bungalow single-family home. There is a separate laundry room with income.
Location
State MD
County Anne Arundel
Zoning R5
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling Window Unit(s)
Heat Source Electric
Exterior
Garage Spaces 9.0
Water Access N
Roof Type Asphalt,Architectural Shingle
Accessibility None
Total Parking Spaces 9
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Anne Arundel County Public Schools
Others
Tax ID 020375590047647
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash
Financing Conventional,Cash
Special Listing Condition Standard
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Bought with Emilie P Wright • Mr. Lister Realty
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