Price Reduction
Address
21 Sumac Road, Glen Burnie, MD
Price
$ 845,000
Property Attributes
- MLS#MDAA2077910
- TypeCommercial
- CountyANNE ARUNDEL
- CityGlen Burnie
- Zip21060
- StyleApartment Building
- Year Built1949
- Taxes$ 5890
- Price$ 845,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage4500
- Lot Size7,405 SqFt
Data Source:
Bright MLS
Property Description
6 total rental units. Cash flowing, no deferred maintenance, 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). Property was fully renovated in '18/'19 -- new roofs and gutters, individually electrical metered, new water heater, paint, LED lighting, landscaping, fencing, mailbox cluster, and 5 of 6 interiors completely re-done including baseboad heaters. Actual annual rents of $90,120 with upside, equating to a 8.75% current cap rate. Units consist of one 3-bedroom, three 1-bedrooms, and one efficiency in the apartment building and one 1-bedroom bungalow single-family home. There is a separate laundry room with income.
| Price History | |
|---|---|
| 2/14/2024 | Listed $890,000 |
| 4/17/2024 | 6% - $845,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Baseboard - Electric |
| Cooling | Window Unit(s) |
| Possession | Negotiable |
| Roof | Asphalt,Architectural Shingle |
| Zoning | R5 |
| Construction Materials | Other |
| Year Built | 1949 |
| Property SubType | Five Or More Units |
| Tax Year | 2021 |
| Percent Ownership | Fee Simple |
| Cool Fuel | Electric |
| Business Type | Apartment Building |
| Accessibility | None |
| County | ANNE ARUNDEL |
| New Construction | No |
| Property Type | Commercial Sale |
| Water Access Y/N | No |
| Status | ACTIVE |
| Directions | Off B&A Hwy and Sumac Rd |
| ModificationTimestamp | 2024-04-17T09:21:06 |
| City | GLEN BURNIE |
| Buyer Agent Compensation | 3 |
| Disclosures | Agent has Financial Interest,Agent Related to Owner,Lead Free Paint,Lead Inspection Certificate Available,Owner RE Licensee,Under Lease |
| Total Units | 2 |
| Lot Size Square Feet | 7500.00 |
| Tax Assessed Value | 427167.0 |
| Waterfront Y/N | No |
| Street Name | SUMAC |
| Tax Annual Amount | 5890.0 |
| Property Condition | Good |
| Price Per Sq Ft | 187.78 |
| Acceptable Financing | Conventional,Cash |
| Vacation Rental Y/N | No |
| Days on Market | 77 |
| Standard Status | Active |
| Year Built Source | Estimated |
| Legal Subdivision | SUMAC FIELDS |
| Tax Lot | 11 |
| Total Actual Rent | 90120.00 |
| Cap Rate | 8.75 |
| Buyer Agent Compensation Type | % Of Gross |
| Association Recreation Fee | No |
Interior Features
| Heating Fuel | Electric |
|---|---|
| Hot Water | Electric |
| Heating Y/N | Yes |
| Street Suffix | ROAD |
| Central Air Y/N | No |
Exterior Features
| Water Source | Public |
|---|---|
| Total Parking Spaces | 9 |
| Type of Parking | Parking Lot |
| Land Use Code | 003 |
| Water View Y/N | No |
| Building Area Total | 4500.00 |
| Lot Size Acres | 0.17 |
| Lot Size Units | Square Feet |
| Lot Size Source | Estimated |
| Land Assessed Value | 250000.00 |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
| Car Parking Spaces | 9 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 21060
Price
Taxes
Visits
Year Built
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