School District: Anne Arundel County Public Schools
Address: 21 SUMAC RD
County: Anne Arundel
City: Glen Burnie
* 11-21 update - rents may increase $1,200/year (above what is noted below) with recent turnover * * Seller may carry back a 1st note * Beautiful, fully rented, and recently renovated apartment building (5 units) plus single-family home in renter-dense Glen Burnie location. Lead-free (MDE registered) and legal (cert. of use w/ non-conf cert. and MDL) multi-unit that rarely comes available in this region. Property was fully renovated in ‘18/’19 – new roof, gutters, individual metered electrical, paint and lighting, landscaping, fencing, mailbox cluster, and 5 of 6 interiors completely re-done including baseboard heaters. Actual annual rents of $76,800 w/ upside due to being in an area with HUGE rental demand. Actual cap rate of 8.5%. Units consist of one 3-bedroom, three 1-bedrooms, and one efficiency in the apartment building and one 1-bedroom bungalow single-family home and a laundry room w/income. Owner pays water/sewer/trash, insurance, taxes, and landscaping.
Courtesy of: Taylor Properties Listing information provided courtesy of the Bright MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 4th December, 2021 8:09 PM