7 bedroom house for sale
Baltimore MD 21206
- Property Type
- House
- Price
- $450,000
- Beds
- 7
- Baths
Overview
Discover a premier investment choice in a highly desirable area with this multifamily property, currently generating a total annual rental income of $56, 880, boasting a net operating income of $38, 590, and offering an attractive 8.57% cap rate. This well-maintained property features five fully occupied apartments, including four one-bedroom, one-bathroom units, each offering privacy and convenience. The larger three-bedroom unit includes two bathrooms, ideal for families or shared living arrangements. A distinct advantage for both owner and tenants is the self-contained utility setup in each apartment, with individual gas and electric meters, heating systems, and water heaters, ensuring that tenants are responsible for their own utility bills. This arrangement enhances ease of management and tenant satisfaction. Further enhancing this investment's appeal, the property includes a manager's area in the basement that can be integrated with the three-bedroom unit to expand living space and increase rental income potential. Two detached garages, currently rented, provide additional revenue. Included in this offering is a separately deeded vacant lot next door, possibly zoned for the development of a detached single-family home, (buyer to verify) presenting a lucrative opportunity for further development and investment diversification. This opportunity encapsulates both immediate returns and long-term growth potential. 5th apartment (3 bedrooms, 2 Bath) not pictured. Act quickly to secure this multifaceted investmentPreapproval or Proof of Funds required prior to showing approval. 24 hours notice required for all showings.
Details
- Beds: 7
- Price: $450,000
- Reference No.: 70734918
- Area: 5,866 sqft
Location
Baltimore MD 21206
7 bedroom house for saleRelated Properties
Disclaimer
2024-04-15, Viewed 2 times.
The information about this listing comprises a listing advertisement. Listanza makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information. Further, Listanza has no control over the content. The information is provided and maintained by the owner/agent. Please contact the owner/agent directly to obtain any additional information.
2024-04-15, Viewed 2 times.
Search more listings
- Top 20 3 bedroom house for rent jersey city nj microwave
- Top 10 3 bedroom house for sale costa mesa ca den
- Top 10 3 bedroom house for sale milton fl fireplace
- Top 20 2 bedroom apartment for rent league city tx playground
- Top 50 2 bedroom house for rent new orleans la den
- Top 20 3 bedroom house for sale florence or den
- Top 20 1 bedroom apartment for rent naperville il tennis court
- Top 20 2 bedroom apartment for rent exton pa air conditioning
- Top 20 2 bedroom apartment for rent cherry hill nj air conditioning
- Top 20 3 bedroom house for rent baltimore md balcony
- Top 20 3 bedroom house for sale franklin tn fireplace
- Top 20 2 bedroom house for sale atlanta ga granite counter