3921 Old York Rd, Baltimore, MD 21218
- $325,000
- List Price
- $325,000
- MLS#
- MDBA2218640
- Year Built
- 1930
- Status
- PENDING
- Type
- Commercial
- County
- Baltimore City
- Subdivision
- Pen Lucy
Property Description
• 16.1% Projected Cash-on-Cash Return • $2,953 Projected Monthly NOI • Licensed 10-Room Congregate Housing Facility 3921 Old York Road offers a unique opportunity to acquire a licensed 10-room congregate housing facility with projected annual Net Operating Income of $35,438, or $2,953 per month, when operated at full capacity under the current operating model. Based on the financing assumptions contained in the offering materials, the property projects a 10.9% cap rate and 16.1% cash-on-cash return. The building includes ten private rooms, an administrative office, two ADA-accessible rooms, shared kitchen and laundry facilities, and a fire sprinkler system. This configuration supports a variety of housing models, including workforce housing, shared housing, transitional housing, senior housing, and other congregate living arrangements permitted by law. Located near the 33rd Street, Waverly, and Greenmount Avenue commercial corridor, residents have convenient access to Giant Food, retail shopping, laundromats, dining, and public transportation. Investors seeking strong projected cash flow, existing licensing, and flexible housing opportunities will find a compelling opportunity at 3921 Old York Road.
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Additional Information
- Cooling Fuel
- Electric
- Cooling
- Central A/C, Window Unit(s)
- Heating Fuel
- Natural Gas
- Heating
- Other
- Hot Water
- Natural Gas
- Sewer Septic
- Public Sewer
- Water
- Public
- Tax Year
- 2025
- Possession
- Settlement, Subject to Existing Lease
- Days on Market
- 2
- Acres
- 0.09
- Ownership
- Ground Rent
Mortgage Calculator
Listing courtesy of Ben Frederick Realty, Inc.. Contact: 4102359500