Listed By:
Taylor Properties
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 Size0.17 Acres
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
AVG $1.51M
$850K
Taxes
AVG $6,853
$5,890
Visits
AVG 256
93
Data Provided by Inside Real Estate®
Year Built
AVG 1961
1949

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