Sold
$480,000: 4 Beds, 4 Baths
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The Details

4 Beds | 4 Baths | 2,544 Sq Ft | 1927 Year Built | Sold
Updated & Renovated Turn Key 4 Unit Apt Bldg Fully Leased. Option To Occupy One Unit & Obtain Monthly/Annual Income From The Remaining Units. Costly Commercial Loan Not Required Since It Is Not 5 Units Or More. Total Electric & Each Apt. Individually Metered. Tenants Pay All Utilities With The Exception Of Water/Sewer Which Averages $250.00 Every 3 Months Or Quarterly Paid By The Owner/Manager. Bldg. Conveys With 2 One Bedroom Apt.'s On The First Floor & 2 One Bedroom Apt.'s On The Second Floor All Of Which Have Shaded Porches On The Front & Rear Exposures. Basement Is Dry & Unfinished With Interior Access, 4 Hot Water Heaters & 4 Window Units One For Each Apt. Current & Updated Lead Certificates ON File For Each Apt As Well As Assigned Leases. Low Maintenance Block Construction, & Walk Up Attic For Additional Storage. Tenants Can Obtain A Resident Parking Permit For A Cost Of $50.00 Per Year To Park Free Of Any Charges On The Street With The Exception Of Trash Collection One Day A Week From Midnight To 7 AM. Narrow ' Pony Way ' Or Alley On The East Exposure For Access To The Rear Garden. Total Annual Income Is $48,000. Annual Expenses Include Taxes, Insurance, Water/Sewer All Of Which Are Approximately $7958.00 Which Yields An Annual Net Operating Income Of $40,042.00. Convenient Walk To MARC Rail Station, Carroll Creek Promenade, Restaurants, Galleries, & Shopping. The Bldg. Is Well Maintained & Managed By The Current Owner.
Sold Price
$480,000
Close Date
7/2/2020
Lot Size (Acres)
0.08
MRIS#
MDFR261376
Listed by J. Powell, Real Estate Teams, LLC

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Jeff Ganz,
240-353-3390
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