• 01 3322 Greenmount
  • 03 3322 Greenmount Rear View
  • 12 Store front entrance and selling area
  • 10 Store Shelves and Inventory
  • 13 Store Sales Floor
  • 11 Store Inventory
  • 14 Store bathroom
  • 16 Basement Inventory
  • 18 Sanitary Sink in Basement
  • 20 Apt C Living Room
  • 22 Apt C Kitchen
  • 25 Apt C Bedroom 2
  • 24 Apt C Bedroom 1
  • 26 Apt C Bathroom
  • 27 Apt C Bathroom
  • 29 Entry Hall to Apartments
  • 30 Apt A Entry
  • 31 Apt A Living Room
  • 32 Apt A Kitchen
  • 34 Apt A Bedroom 2
  • 33 Apt A Bedroom 1 View 2
  • 38 Apt A Storage
  • 40 Apt A Utility Closet
  • 39 Apt A Hallway to Bed
  • 37 Apt A Dining
  • 36 Apt A Bed Closet
  • 35 Apt A Bathroom
  • 19 Furnace for Store
  • 18 Furnace and Water Heater for Store
  • 80 Basement Sump Pump
  • 81 Electric Panels-all circuit breakers 100Amp to Each Unit
  • 82 Gas Meter for each unit
  • 83 Copper Water Main

Property ID : Greenmount3322

Off Market $250,000.00 - Apartment Building, Commercial, Mixed Use, Retail Stores, Townhouse
3750 4 Units 1 Garage  Add to Favorites Print

Here is an opportunity to own an income producing corner property in the busy Waverly Shopping District, just north of 33rd Street.  Large 900 sq.ft. corner store is 23’6″ wide with a stable tenant that does a nice business.  The full basement is attached to the store and is used for storage of inventory and can be used as a prep-area.  First floor rear two-bedroom apartment is rented to the Store tenant.

Two apartments on the second floor have hardwood wood floors, updated kitchens and baths, vinyl replacement windows.  These apartments have large rooms that are very bright, with windows on 3 sides.  Each apartment has its own electric baseboard heating system and electric water heater, so the tenants pay all utilities.  One apartment is rented for $850 while we expect to have the other rented soon.

The one-car garage in the rear is currently used by the owner.  He may rent that back from you for $100 per month or you can use it or rent it yourself.

This is a solidly constructed building with a poured concrete foundation that was built in 1940; a time known for quality materials and workmanship.

INVESTMENT SUMMARY:

$250,000   Offering
$62,500   per unit
$67            per square foot of building area
5.3             times gross annual rent (GRM)
8.6             Cap Rate
11%            Cash-on-cash return on investment (ROI)

Click Below for a Virtual Tour!

Property Map

Agent Meet Ben Frederick, III, CCIM

  • Mobile : 410-752-6400
  • Fax : 410-435-5041

» President & Broker

Advises Buyers and Sellers of Multi-Family Apartment Properties…
Know More

Contact

Loading...
 

Similar Properties