$700,000
$729,000
4.0%For more information regarding the value of a property, please contact us for a free consultation.
7,500 SqFt
SOLD DATE : 11/22/2021
Key Details
Sold Price $700,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 7,500 sqft
Price per Sqft $93
MLS Listing ID MDBA2000434
Sold Date 11/22/21
HOA Y/N N
Originating Board BRIGHT
Annual Tax Amount $6,995
Tax Year 2021
Lot Size 0.427 Acres
Acres 0.43
Property Description
Great 6 Unit All Brick Apartment Building. Very Spacious Units. Four Units are 2 bedroom and 2 baths. One unit is 1 bedroom and Den with 1.5 baths and One unit is a 1 bedroom and 1 bath. Each Unit has a Balcony or Patio. Each unit has their own storage bin. Units are approximately 1100 Sq. feet. Building has Laundry Room, Very Large Parking Lot, Private Garage and extra lot of land. Units are separately metered, tenants pay their own gas and electric. Landlord pays water. Long term tenants in place, rarely a vacancy. Recent updates include 4 new HVAC systems and updated Electric Panel.
Current rents below market but still good. Rents average over 60k annually with a Cap Rate of approximately 7%.
Long time owner, easy building to manage. Great Tenants.
Location
State MD
County Baltimore City
Zoning R-5
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Heat Source Natural Gas
Exterior
Garage Spaces 12.0
Water Access N
Accessibility Other
Total Parking Spaces 12
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Baltimore City Public Schools
Others
Tax ID 0325018188 028
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional, Bank Portfolio, Other
Listing Terms Cash, Conventional, Bank Portfolio, Other
Financing Cash,Conventional,Bank Portfolio,Other
Special Listing Condition Standard
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Bought with Jonathan D Kirk • EXP Realty, LLC
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
14291 Park Meadow Drive Suite 500, Chantilly, VA, 20151