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Listed by David Feazell • Garceau Realty
$ 1,100,000
Est. payment | /mo
0.42 Acres Lot
$ 1,100,000
Est. payment | /mo
0.42 Acres Lot
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID MDHR2058738
Year Built 1935
Annual Tax Amount $5,713
Tax Year 2018
Lot Size 0.420 Acres
Acres 0.42
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
Rare-11 unit apartment building with an extra garage unit for sale in Aberdeen Maryland! This property sits on a .42 acre lot with on-site parking. It is comprised of (6) 1 bedroom units, (4) 2 bedroom units, (1) 3 bedroom units, and (1) 2 car garage. The rent roll is attached to the documents section. Total Annual rents currently are $130,020, and are significantly below market rate per unit! There are many long term tenants in place. The building has up to date lead certificates and all tenants are on monthly lease terms. This site sits in Aberdeen near APG with direct access to Rt 40 with quick access to I-95 and Rt 7. The site is surrounded by commercial and residential development with a constant demand for affordable residential apartment units. The apartment building is near full occupancy and would be a great addition to any investor's portfolio. Multi-Family rental properties in Harford County and particularly Aberdeen are in very short supply with traditionally low vacancy rates.
Site Details:
-Price: $1,100,000 ($100k per door)
-Parcel Size: .42 Acres
-Building Size: 7,224 SF
-Year Built: 1935
-Zoning: R2
-Roof: Architectural roof replaced 3 years ago
-Utilities: Public Water & Sewer & Natural Gas
-Current rent roll: $130,020 / year ($950 average rent per unit)
-Projected rent roll: $169,800 / year ($1250 average rent per unit)
-Unit Composition: 11 apartment units + 1 garage unit
-(1) 3 bedroom unit
-(6) 1 bedroom units
-(4) 2 bedroom units
-(1) 2 car garage
-54,000 people living within 5 miles of the site
-$114,000 average household income within 5 miles of the site
-35,000 Cars per day passing the site on S Philadelphia Blvd
Site Details:
-Price: $1,100,000 ($100k per door)
-Parcel Size: .42 Acres
-Building Size: 7,224 SF
-Year Built: 1935
-Zoning: R2
-Roof: Architectural roof replaced 3 years ago
-Utilities: Public Water & Sewer & Natural Gas
-Current rent roll: $130,020 / year ($950 average rent per unit)
-Projected rent roll: $169,800 / year ($1250 average rent per unit)
-Unit Composition: 11 apartment units + 1 garage unit
-(1) 3 bedroom unit
-(6) 1 bedroom units
-(4) 2 bedroom units
-(1) 2 car garage
-54,000 people living within 5 miles of the site
-$114,000 average household income within 5 miles of the site
-35,000 Cars per day passing the site on S Philadelphia Blvd
Location
State MD
County Harford
Zoning R2
Interior
Hot Water Other
Heating Other
Cooling Other
Heat Source Other
Exterior
Garage Spaces 22.0
Water Access N
Accessibility Other
Total Parking Spaces 22
Garage N
Building
Sewer Public Septic
Water Public
New Construction N
Schools
School District Harford County Public Schools
Others
Tax ID 1302012138
Ownership Fee Simple
Special Listing Condition Standard
Nearby Locations
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