Stabilized 9%+ Cap Rate. Renovated 8-unit multifamily portfolio in 21239 across four (4) duplex properties clustered within a block distance from each other. The portfolio is 50% occupied. Current rents range from $1,350 to $1,450. All units are 2 Bedroom, 1 Bathrooms. Units consist of vinyl plank and hardwood floors throughout the apartment. Each Unit Consists of Energy Efficient Appliances (Stove, Microwave, Fridge and Dishwasher). Unfinished basement Is accessible from both units. Storage Units Located In The Basements That Are Available For Each Unit To Use. New central A/C units were installed in 2022 (Unit 1 - gas furnace) and 2023-2025 (Unit 2 - electric heat pump). Electrical panels are newer 100 AMPS each. New roofs installed in 2025.
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Listing Snapshot
Price
$1,140,000
Days On Site
11 Days
Bedrooms
N/A
Inside Area (SqFt)
8,700 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.3 Acres
Year Built
1920
MLS® Number
MDBA2221418
Status
Active
Property Tax
$12,515.86
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Estimated
Friends & Family
React
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