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21 Sumac Road

GLEN BURNIE, MD 21060
  • $785,000
  • STATUS: Active
  • ON SITE: 197 Days
  • ID#: MDAA468686
UPDATED: 64 min ago
$785,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1949
County:

School Ratings & Info

Description

* 11-21 update - rents may increase $1,200/year (above what is noted below) with recent turnover * * Seller may carry back a 1st note * Beautiful, 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) multi-unit that rarely comes available in this region. Property was fully renovated in +G-18/+GG19 +GG new roof, gutters, individual metered electrical, paint and lighting, landscaping, fencing, mailbox cluster, and 5 of 6 interiors completely re-done including baseboard heaters. Actual annual rents of $76,800 w/ upside due to being in an area with HUGE rental demand. Actual cap rate of 8.5%. Units consist of one 3-bedroom, three 1-bedrooms, and one efficiency in the apartment building and one 1-bedroom bungalow single-family home and a laundry room w/income. Owner pays water/sewer/trash, insurance, taxes, and landscaping.

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©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Lee Tessier Team | eXp Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-12-01T20:51:23.167.
www.marylandrealestatesearch.com/homes/117298959
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21 Sumac Road GLEN BURNIE, MD 21060

  • Price: $785,000
  • Status: Active
  • On Site: 197 Days
  • Updated: 64 min ago
  • ID#: MDAA468686
0
Beds
0
Baths
0
½ Baths
0.17
Acres
1949
Built
County:
Anne Arundel
School District:
Anne Arundel County Public Schools
Property Description
* 11-21 update - rents may increase $1,200/year (above what is noted below) with recent turnover * * Seller may carry back a 1st note * Beautiful, 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) multi-unit that rarely comes available in this region. Property was fully renovated in +G-18/+GG19 +GG new roof, gutters, individual metered electrical, paint and lighting, landscaping, fencing, mailbox cluster, and 5 of 6 interiors completely re-done including baseboard heaters. Actual annual rents of $76,800 w/ upside due to being in an area with HUGE rental demand. Actual cap rate of 8.5%. Units consist of one 3-bedroom, three 1-bedrooms, and one efficiency in the apartment building and one 1-bedroom bungalow single-family home and a laundry room w/income. Owner pays water/sewer/trash, insurance, taxes, and landscaping.
Exterior Features

Construction Materials Other Garage YN No Parking Types Parking Lot Property Condition Very Good Riparian Rights YN No Roof AsphaltArchitectural Shingle Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 4500.00 Cooling Window Unit(S) Heating Baseboard - Electric Heating YN Yes Net Square Feet 4500.00

Property Features

Acceptable Financing CashSeller FinancingContractWrap Accessibility Features None Assessment Year 2021 Association YN No Business Type Apartment Building Central Air YN No Cooling Fuel Electric Heating Fuel Electric Hot Water Electric Navigable Water YN N New Construction YN No Number Of Units Total 2 Original MLSNumber 304611197171 Owner Pays WaterSewerTrash CollectionLawn/Shrub CareInsuranceTaxes - Real Estate Ownership Interest Fee Simple Possession Negotiable Property Sub Type Five Or More Units Sale Type Standard Section C Sewer Public Sewer Tax Annual Amount 5890.00 Tax Assessment Amount 427167.00 Tax Lot 11 Total Actual Rent 76800.00 Vacation Rental YN No Water Source Public Year Built Effective 2018 Zoning R5

Listing courtesy of Taylor Properties.


©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Lee Tessier Team | eXp Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-12-01T20:51:23.167.
 
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Lee Tessier Team | eXp Realty
2225 Old Emmorton Rd Suite 207
Bel Air MD, 21015