21 Sumac Road, Glen Burnie, MD 21060
- $825,000
- Sold Price
- $825,000
- List Price
- $845,000
- Closing Date
- Jul 08, 2024
- MLS#
- MDAA2077910
- Year Built
- 1949
- Status
- CLOSED
- Type
- Commercial
- County
- Anne Arundel
Property 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.
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Additional Information
- Cooling Fuel
- Electric
- Cooling
- Window Unit(s)
- Heating Fuel
- Electric
- Heating
- Baseboard - Electric
- Hot Water
- Electric
- Sewer Septic
- Public Sewer
- Water
- Public
- Tax Year
- 2021
- Possession
- Negotiable
- Days on Market
- 118
- Acres
- 0.17
- Ownership
- Fee Simple