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21 Sumac Road,  Glen Burnie MD, 21060

(Active)
$845,000
|
4,500 sqft
|
MLS# MDAA2077910
Last Updated: 5/16/2024 3:03 PM
Description for 21 Sumac Road Glen Burnie, MD 21060
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.
Price
$845,000
ANNE ARUNDEL
4,500 (approx)
MDAA2077910
Active
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.
Listing Information
Property Type: Business Opportunities, Other
0.17 Acres 4,500 (approx) 1949
Public
Public Sewer
2 Total
Neighborhood
Room Information
Interior Features
Electric Water Heater
Window Unit(s)
Electric Heating, Baseboard
Exterior / Lot Features
9 Parking Spaces,
Asphalt, Shingle
Driving Directions
Off B&A Hwy and Sumac Rd
Financial Considerations
020375590047647
$5,890
Listing Price History

Glen Burnie Real Estate

Glen Burnie is located in Maryland. Glen Burnie, Maryland 21060 has a population of 74,201.

The median household income in Glen Burnie, Maryland 21060 is $77,297. The median household income for the surrounding county is $103,070 compared to the national median of $66,222. The median age of people living in Glen Burnie 21060 is 41 years.

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Courtesy: Taylor Properties
BRIGHT MLS - All information, regardless of source, should be verified by personal inspection by and/or with the appropriate professional(s). The information is not guaranteed. Measurements are solely for the purpose of marketing, may not be exact, and should not be relied upon for loan, valuation, or other purposes.
This content last refreshed on 5/16/2024 3:03 PM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.

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