$825,000
$845,000
2.4%For more information regarding the value of a property, please contact us for a free consultation.
21 SUMAC RD Glen Burnie, MD 21060
4,500 SqFt
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
Year Built 1949
Annual Tax Amount $5,890
Tax Year 2021
Lot Size 7,500 Sqft
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)
Exterior
Garage Spaces 9.0
Water Access N
Roof Type Asphalt,Architectural Shingle
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Anne Arundel County Public Schools
Others
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash
Special Listing Condition Standard
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Bought with Emilie P Wright • Mr. Lister Realty