Multi Family homes for sale & real estate in 21297, MD

Multi Family Home for sale in 21297, MD:

Welcome to 1801 Madison Avenue, a renovated six-unit multifamily property in Baltimore offering immediate cash flow and a prime location in the Madison Park Historic District. Situated within one of the city's established historic neighborhoods, this income-producing asset presents an exceptional opportunity for investors seeking a turnkey apartment building with stable occupancy, strong rental performance, and long-term appreciation potential. The property consists of six residential apartments, including five one-bedroom residences and one spacious three-bedroom unit. Each apartment is separately metered for gas and electricity, helping minimize owner operating expenses, and every unit is

Multi Family Home for sale in 21297, MD:

2014 McCulloh Street is a 3-unit apartment building in Druid Heights offering 2 one-bedroom apartments with dens and 1 one-bedroom apartment. Each apartment has in-unit laundry and central air conditioning—desirable tenant amenities that help distinguish the property from many older neighborhood rentals. Kitchens include wood cabinetry, laminate countertops, 30" gas ranges, stainless steel sinks, and garbage disposals. Bathrooms have modern vanities, steel tubs, and ceramic tile surrounds. Each apartment has its own Goodman gas furnace, gas-fired 40-gallon water heater, and 100-amp electric service. The building is served by 4 electric meters and 3 gas meters. Tenants pay their o

Multi Family Home for sale in 21297, MD:

The property currently averages $1,300 per residential unit, below the projected market rent of $1,962, creating significant income growth potential through residential repositioning. Additional upside comes from leasing the vacant commercial space at a projected market rate of $2.27/SF. At Year 1 stabilization, the property is projected to generate $77,234 in NOI, equating to a 16% cap rate, increasing to 17% by Year 5 through contractual rent escalations. Achieving these returns will depend on successful residential repositioning and commercial lease-up. The two-story mixed-use property includes two residential units totaling approximately 2,240 SF and one vacant 3,520 SF retail unit, for