$394,000
$399,000
1.3%For more information regarding the value of a property, please contact us for a free consultation.
1,920 SqFt
SOLD DATE : 06/12/2020
Key Details
Sold Price $394,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 1,920 sqft
Price per Sqft $205
Subdivision Ferndale
MLS Listing ID MDAA431518
Sold Date 06/12/20
Style Unit/Flat
HOA Y/N N
Abv Grd Liv Area 1,920
Originating Board BRIGHT
Year Built 1960
Annual Tax Amount $3,287
Tax Year 2020
Lot Size 0.397 Acres
Acres 0.4
Property Description
Sited on a large possibly subdividable corner lot, property is Fully rented with 1 year leases each unit, $4000/month gross rental income, with low expenses. CAP RATE 8%, Solid investment property, recent updates include new flooring in the common area, new sump pump, 2 units with new kitchens, new carpet and fresh paint (2020), 3rd unit to be recarpeted and painted this month as new tenant just signed a one year lease. Great location close to Cromwell/Glen Burnie light rail station. Owner currently pays water, electric and gas but property is already set up with 4 separate gas and electric meters to convert over if desired. Each unit has a gas range and refrigerator, common area in basement has full size washer and gas dryer, gas hot water heater, electric baseboard heat in each unit. Large yard, off street parking. Possibly subdividable double lot make this an amazing offering. Documents available.
Location
State MD
County Anne Arundel
Zoning R5
Rooms
Basement Other, Full, Interior Access, Sump Pump, Unfinished, Windows
Interior
Hot Water Natural Gas
Heating Baseboard - Electric
Cooling Window Unit(s)
Equipment Dryer - Gas, Oven/Range - Gas, Refrigerator, Washer
Fireplace N
Appliance Dryer - Gas, Oven/Range - Gas, Refrigerator, Washer
Heat Source Electric
Exterior
Garage Spaces 4.0
Waterfront N
Water Access N
View Street
Roof Type Asphalt
Accessibility None
Parking Type Driveway, On Street
Total Parking Spaces 4
Garage N
Building
Lot Description Backs to Trees, Corner, Level, Rear Yard, Road Frontage, Subdivision Possible
Sewer Public Sewer
Water Public
Architectural Style Unit/Flat
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Anne Arundel County Public Schools
Others
Tax ID 020526617646500
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Jacob M Sweitzer • Keller Williams Flagship of Maryland
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "