WATER ORIENTED: 8 UNIT APARTMENT BUI for sale in Baltimore, Maryland

$325,000

WATER ORIENTED: 8 UNIT APARTMENT BUILDING
Location: Chesapeake Terrace
WATER ORIENTED 8 UNIT APARTMENT BUILDING! Property can generate $10,500 in monthly rent. The building contains six 2 bedroom units and two 1 bedroom units. The seller will do a complete renovation for approximately $230K. If you prefer to draw up your own plans you have over 8,500 sqft of total space to work with. The building sits on a 1/2 acre double lot which allows for plenty of parking and common space. Property has excellent water views and there is a marina located at the endof the street. A $550K investment gets you a completely renovated apartment building with water views that will generate approximately $125,000 in gross annual rental income. Run the numbers, the cap rate is over 16%. Verification of the numbers can be provided upon request.
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GENE RODRIGUEZ

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Pricing
Price: $325,000.00
Property Location
7235 Waldman Avenue
Sparrows Point, MD 21219
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Features
Bedrooms: 14
Bathrooms: 8
Lot Size: 1/2 Acres
Square Footage: 8,500
Agent Name: GENE RODRIGUEZ
Broker: REMAX PREFERRED
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