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    14201 and 14203 Cedarwood Drive SW , 1-24

    CRESAPTOWN, MD 21502
    • $1,649,500
    • STATUS: Active Under Contract
    • ON SITE: 289 days
    • ID#: MDAL133492
    Under Contract
    UPDATED: 58 min ago
    $1,649,500
    • 0
      BEDS
    • 1.24
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1974
    County:

    School Information

    Middle School:
    High School:

    Description

    24 units owned by same family since 1970's! 100% leased as of 1/15/2020 STRONG STABLE RENTAL HISTORY Current rent roll over $17,000 per month income. Projected net operating income over $120,000 per year after all expenses. all Market rate leases with no subsidies or HUD tenants. Suburban Location 5 minutes from IBM and Northrop Grumman, Western Correctional 18 of the 24 apartments have been rennovated with newer appliances floor coverings and fixtures in the past 12 years, others are occupied by long term tenants.

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    ©2020 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty Lake Ridge. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2020-10-31T16:50:54.477.
    www.ajteamrealty.com/homes/102320760
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    14201 and 14203 Cedarwood Drive SW , 1-24 CRESAPTOWN, MD 21502

    • Price: $1,649,500
    • Status: Active Under Contract
    • Updated: 58 min ago
    • ID#: MDAL133492
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.24
    Acres
    1974
    Built
    Neighborhood:
    Glen Oaks
    County:
    Allegany
    Area:
    Sw Allegany - Allegany County (Mdal9)
    Middle School:
    Braddock
    High School:
    Allegany
    School District:
    Allegany County Public Schools
    Property Description
    24 units owned by same family since 1970's! 100% leased as of 1/15/2020 STRONG STABLE RENTAL HISTORY Current rent roll over $17,000 per month income. Projected net operating income over $120,000 per year after all expenses. all Market rate leases with no subsidies or HUD tenants. Suburban Location 5 minutes from IBM and Northrop Grumman, Western Correctional 18 of the 24 apartments have been rennovated with newer appliances floor coverings and fixtures in the past 12 years, others are occupied by long term tenants.
    Exterior Features

    Construction Materials BrickConcreteFrameVinyl SidingOther Garage YN No Parking Features Paved ParkingPrivateSurfaceUnassigned Parking Types Parking Lot Property Condition Very Good Riparian Rights YN No Roof AsphaltShingle Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

    Interior Features

    Building Area Total 24000.00 Cooling Central A/C Flooring CarpetCeramic TileVinyl Heating Forced Air Heating YN Yes Net Square Feet 24000.00

    Property Features

    Acceptable Financing CashConventionalExchangeNegotiable Accessibility Features None Assessment Year 2019 Association YN No Business Type Apartment Building Central Air YN Yes Cooling Fuel Electric Heating Fuel Electric Historic YN No Hot Water ElectricMulti-Tank Navigable Water YN N Net Operating Income 123000.00 New Construction YN No Number Of Units Total 24 Original MLSNumber 302206592556 Ownership Interest Fee Simple Possession Settlement Property Sub Type Other Sale Type Probate ListingStandard Section 4 Sewer Public Sewer Tax Annual Amount 6512.00 Tax Assessment Amount 889200.00 Tax Lot 2 Total Actual Rent 204000.00 Vacation Rental YN No Water Source Public Zoning R

    Listing courtesy of Long & Foster Real Estate, Inc..


    ©2020 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty Lake Ridge. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2020-10-31T16:50:54.477.
     
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