Price Reduction
Address
15 and 17 Sumac Road, Glen Burnie, MD
Price
$ 495,000
Property Attributes
- MLS#MDAA2079870
- TypeMulti-Family
- CountyANNE ARUNDEL
- CityGlen Burnie
- Zip21060
- Style
- Year Built1952
- Taxes$ 2327
- Price$ 495,000
- Bedrooms3
- Full Bathrooms0
- Half Bathrooms0
- Lot Size7,405 SqFt
Data Source:
Bright MLS
Property Description
Single family home + duplex for sale on separate, but adjacent tax lots. These 3 units are fully rented, actual income (not proforma) of $51,660/year and a 8.7% cap rate, lead free, licensed, separately metered, completely renovated inside and out, in a fantastic Glen Burnie location, with realistic upside. The home (15 Sumac Rd): 1 bedroom 1 bath with a private fenced yard and shed. Remodeled outside and inside. Gutters, painting, lighting, landscaping, and the interior were all re-done (flooring, painting, lighting, bathroom re-done, etc). Large shed. This home could be sold separately if city water/sewer is connected directly, a major future upside, as it sits on its own tax lot. The duplex (17A and 17B Sumac): Two, 1 bedroom 1 bath units with identical floor plans. New roof and gutters, painting, lighting, landscaping, and interiors all re-done. Private yard. Two sheds w/power and an owner's shed as well. This property is easy to rent, easy to manage, and has a lot of long-term possibilities.
| Price History | |
|---|---|
| 3/13/2024 | Listed $525,000 |
| 4/17/2024 | 6% - $495,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Baseboard - Electric |
| Cooling | Window Unit(s) |
| Possession | Immediate |
| Zoning | NON-CONFORMING USE |
| Pool Y/N | No Pool |
| Architectural Style | Other |
| Construction Materials | Vinyl Siding |
| Year Built | 1952 |
| Property SubType | Other |
| Tax Year | 2022 |
| Percent Ownership | Fee Simple |
| Cool Fuel | Electric |
| Section | C |
| Accessibility | None |
| County | ANNE ARUNDEL |
| New Construction | No |
| Property Type | Multi-Family |
| Garage Y/N | No |
| Water Access Y/N | No |
| Other Structures | Above Grade,Below Grade |
| Status | ACTIVE |
| Directions | just look it up; 15 and 17 Sumac Rd are being sold together in this listing |
| ModificationTimestamp | 2024-04-17T09:25:04 |
| City | GLEN BURNIE |
| Buyer Agent Compensation | 3 |
| Disclosures | Lead Free Paint,Agent has Financial Interest,Agent Related to Owner,Lead Inspection Certificate Available,Owner RE Licensee,Under Lease |
| Zoning Description | Non-conforming use for the duplex at 17 Sumac has been granted by the county |
| Total Units | 3 |
| Lot Size Square Feet | 7420.00 |
| Tax Assessed Value | 193900.0 |
| Waterfront Y/N | No |
| Number of Units Leased | 3 |
| Street Name | SUMAC |
| Tax Annual Amount | 2327.0 |
| Home Warranty Y/N | No |
| Structure Type | Other |
| One Bedroom Units Count | 3 |
| Price Per Sq Ft | 471.43 |
| Vacation Rental Y/N | No |
| Total SQFT | 1050 |
| Days on Market | 49 |
| Standard Status | Active |
| Year Built Source | Estimated |
| Legal Subdivision | SUMAC FIELDS |
| Tax Lot | 9R |
| Total Actual Rent | 51660.00 |
| Cap Rate | 8.70 |
| 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 |
| LivingAreaSource | Estimated |
Exterior Features
| Water Source | Public |
|---|---|
| Type of Parking | Driveway,On Street |
| Land Use Code | R |
| Water View Y/N | No |
| Lot Size Acres | 0.17 |
| Lot Size Units | Square Feet |
| Lot Size Source | Estimated |
| Land Assessed Value | 130900.00 |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
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 Multi-Family Average in 21060
Price
Taxes
Visits
Year Built
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