$885,000

21 SUMAC ROAD, GLEN BURNIE, MD 21060, US

Summary

Year Built: 1949

Moving Quotes

primary photo for 21 SUMAC ROAD, GLEN BURNIE, MD 21060, US

Remarks

High cash generating 6-unit property -- 5-unit apartment complex plus single family home in Glen Burnie. Great location off B and A Blvd, close to both Hwys 10 and 100. Big rental demand area. Lead free. Coin-operated laundry facility on site. 5 of the 6 units have been fully renovated, including flooring, lighting, painting, heating/cooling, etc. One 3 bedroom, four 1 bedrooms, and one efficiency. Solid, long-term tenants with good security deposits. The main building was recently upgraded with individual electrical meters to each unit and a brand new roof, exterior painting, landscaping, and mailbox cluster. The small single family home has a car port. Property generates ~$75k+ per year in gross rental income! Never a vacancy, huge demand area for these types of units. Considering all expenses, at $885k purchase price this represents a ~7% cap rate investment. There is additional upside in rents as well. With all the upgrades, this is an easy property to manage.

Details

MLS#: MDAA424168
Price: $885,000

Year Built: 1949

County: ANNE ARUNDEL
Subdivision: Sumac Fields
Tax Fee: 4736.0

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Broker Contact

Taylor Properties
175 Admiral Cochrane DRIVE 111
Annapolis, MD, 21401
US
Robb Taylor
! (301) 970-2447
! info@annearundelproperties.com

Information is believed to be accurate but should not be relied upon without verification.
Data Provided by Bright MLS
Last updated: 2020-06-11T21:41:26.000-04:00.
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