906, Litchfield Road, Idlewylde, Towson, Baltimore County, Maryland, 21239, United States
SOLD COMP
$475,000 $499,000
Property ID :
RH-24704-property
Tucked into a quiet residential street in the desireable Idlewylde/Stoneliegh neighborhood, this well maintained investment property is in walking distance to shops on York Rd. including Starbucks and Pure Raw Juice Bar. The property is within 2 miles of bustling downtown Towson with shopping, dining, public library, Towson University and Towson Town Center.
All apartments are seperately metered for gas and electric allowing the tenants to easily pay their own utilities. The current landlord pays for both water and hot water which could be billed back to the tenants to increase investment returns. One gas fired 75 gallon water heater (2017) supplies hot water to all apartments. Each apartment has its own gas fired boiler supplying heat through baseboard radiators. There are vinyl replacement windows throughout.
906 Litchfield Road is located in Baltimore County in the bucolic Idlewylde/ Stoneleigh neighborhood, a pleasant 15 minute walk to shops and resturants on York Rd. The street is quiet, family oriented with neatly kept single family homes. The city of Towson with its shopping, resturants and university is a quick 10 minute drive or 15 minute bike ride from the property. Come and enjoy the lower property taxes and water bills of Baltimore County in this well located investment property.
$499,000 $166,333 per unit $157 per square foot 9.8 times market rent (GRM) 7.73% Cap Rate 6.80% cash on cash return
Unless and until there is a written Buyer-Broker Agency Agreement signed with a prospective Buyer, then Ben Frederick Realty, Inc., Ben Frederick Realty, Inc. represents the Seller. Please click here to download the Maryland Real Estate Commission form “Understanding Whom Real Estate Agents Represent”.
Owning a home is a keystone of wealth… both financial affluence and emotional security.
Suze Orman