Sited on a large subdividable corner lot, property is Fully rented with 1 year leases each unit, $4000/month gross rental income, with low expenses. CAP RATE 8%, Solid investment property, recent updates include new flooring in the common area, new sump pump, 2 units with new kitchens, new carpet and fresh paint (2020), 3rd unit to be recarpeted and painted this month as new tenant just signed a one year lease. Great location close to Cromwell/Glen Burnie light rail station. Owner currently pays water, electric and gas but property is already set up with 4 separate gas and electric meters to convert over if desired. Each unit has a gas range and refrigerator, common area in basement has full size washer and gas dryer, gas hot water heater, electric baseboard heat in each unit. Large yard, off street parking. Possibly subdividable double lot make this an amazing offering. Documents available.
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