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Schwartz Realty, Inc.
Main Office:
301-261-9700
contact@schwartzrealty.com
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Schwartz Realty, Inc.
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Main Office:
301-261-9700
contact@
schwartzrealty.com
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FOR SALE
$885,000

21 Sumac Road
Glen Burnie, MD 21060

Apartment Building
Residence
0.17
Acre Lot
1of
Photos
Map
Courtesy: Taylor Properties
brightmlshomes.com> Maryland> Glen Burnie> 21060
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.
MDAA424168
Apartment Building
ANNE ARUNDEL
1949
0.17 Acres
Public Water Service
Public Sewer
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Courtesy: Taylor Properties
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