Property ID : Lombard832
Sale Pending $280,000.00 - Apartment Building, Townhouse
Totally gut-rehabbed in 1992 this brick townhouse features separate heat pump with central air conditioning, 100Amp electric service to each apartment, separate water heater and multi-story apartments. First floor front is a one-bedroom apartment. First floor rear is a 3-story 2-bedroom 2-bath apartment with a deck. Second floor front is a two-story 2-bedroom apartment with vaulted ceilings.
University of Maryland is one block away. University of Maryland Biotechnology Park is one block away.
Garage in rear provides additional potential revenue.
Great investment, great cash-flow:
$ 93,333 per door
$ 112 per sq.ft.
99 times monthly rent
7.8% cap rate
10.9% cash-on-cash return on investment
CLICK THE PHOTO BELOW FOR A VIRTUAL TOUR OF THE 3-STORY APARTMENT!