7689 Baltimore Annapolis Boulevard, Glen Burnie, MD 21060
- $515,000
- 1,416
- SqFt
- Sold Price
- $515,000
- List Price
- $515,000
- Closing Date
- Jan 03, 2025
- MLS#
- MDAA2094182
- Year Built
- 1940
- Status
- CLOSED
- Type
- Multifamily
- Living Area
- 1,416
- Total SqFt
- 2832
- County
- Anne Arundel
Property Description
It is possible to both own a statement property and make a lot of money! This showcase triplex (called "B&A Bungalows") sits at a corner location on B&A Blvd. It's been lauded by the community as a property that has been wonderfully renovated and operated. The fully fenced corner lot has four off-street parking spaces + a carport, a separate shed with power, and a large landscaped yard. The building consists of a 3 bedroom apartment on the ground floor and 2 separate studios on the bottom floor. The upstairs and downstairs are separately metered. The property was fully renovated in the '21 - '22 timeframe. This included on the exterior: new fencing, upgraded parking, upgraded landscaping, new paint, new exterior LED lighting, new awnings, new roof and gutters on main building and shed, among others. This included on the interior: completely remodeled with paint, lighting, flooring, baseboard heaters, window mounted a/c's, new bathrooms, new appliances (fridge, washer/dryer, etc), etc, etc. There is a boiler that provides for hot water and heat upstairs that is < 10 years old and in great shape. The upstairs includes a beautiful original wood flooring that was rehabilitated. Bottom line - no deferred maintenance. It is fully legal (permits and licenses) and lead free. The building is fully leased and very easy to occupy. It brings in $52,740 in annual gross rent from the 3 units. It is being sold at a current cap rate of 8.0%, based on actuals. Showing requirements: we will not show the property unless a potential buyer has driven by it and provides some proof of funds or financing. We will not carry financing.
/u.realgeeks.media/fortmeadehomes/team_photos_and_logos/Jessica_Hood_Fort_Meade_REALTOR.jpg)
Additional Information
- High School
- Glen Burnie
- Stories
- 2
- Other Structures
- Above Grade, Below Grade
- Structure List
- Above Grade, Below Grade
- Style
- Ranch/Rambler
- Basement
- Yes
- Cooling Fuel
- Electric
- Cooling
- Window Unit(s)
- Heating Fuel
- Natural Gas
- Heating
- Radiant, Baseboard - Electric
- Hot Water
- Natural Gas
- Sewer Septic
- Public Sewer
- Water
- Public
- Tax Year
- 2019
- Possession
- Immediate
- Days on Market
- 116
- Acres
- 0.13
- Ownership
- Fee Simple