Sold
$480,000: 0 Beds, 0 Baths
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The Details

Studio | 0 Bath | 2,544 Sq Ft | 1927 Year Built | Sold
Updated & Renovated Turn Key 4 Unit Apartment Building Fully Leased, Total Electric, And Individually Metered. Tenants Pay All Utilities With The Exception Of Water/Sewer Paid By Owner Which Averages $250.00 Paid Quarterly. Building Consists Of 2 One Bedroom Apartments On The First Floor & 2 One Bedroom Apartments On The Second Floor. All Apartments Have Front And Rear Shaded Porches. Basement Is Dry & Unfinished With Interior Access. Multiple Hot Water Heaters One For Each Apartment & 4 Window Units One For Each Apartment As Well. Current & Updated MD Lead Certificates On File AS Well AS Tenant Leases. Low Maintenance Block Construction With Walk Up Attic For Additional Storage If Needed. Tenants Can Obtain A Resident Parking Permit $50.00 Annually Which Permits Them To Park On The Street Free Of Charge With The Exception Of Trash Collection Which Is One Day Per Week Midnight To 7 AM. Small ' Pony Way ' & Or Alley On The East Exposure Accesses The Rear Of The Bldg. & Fenced Rear Yard. Total Annual Income Is $48,000.00 And Expenses Which Include Taxes, Insurance, Water/Sewer Are Approximately $7958.00 Which Provides A Net Operating Income Of Approximately $40,042.00. Convenient Walk To MARC Rail Station, Carroll Creek Promenade, Restaurants, Galleries, & Shopping. The Bldg. Is Well Maintained & Managed By Current Owner.
Sold Price
$480,000
Close Date
7/2/2020
Lot Size (Acres)
0.08
MRIS#
MDFR261374
Listed by J. Powell, Real Estate Teams, LLC

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Jeff Ganz,
240-353-3390
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