7689 Baltimore Annapolis Boulevard Glen Burnie, MD 21060
It is possible to both own a statement property and make a lot of money! This showcase triplex (called "B&A Bungalows") sits at a corner location on B&A Blvd. It's been lauded by the community as a property that has been wonderfully renovated and operated. The fully fenced corner lot has four off-street parking spaces + a carport, a separate shed with power, and a large landscaped yard. The building consists of a 3 bedroom apartment on the ground floor and 2 separate studios on the bottom floor. The upstairs and downstairs are separately metered. The property was fully renovated in the '21 - '22 timeframe. This included on the exterior: new fencing, upgraded parking, upgraded landscaping, new paint, new exterior LED lighting, new awnings, new roof and gutters on main building and shed, among others. This included on the interior: completely remodeled with paint, lighting, flooring, baseboard heaters, window mounted a/c's, new bathrooms, new appliances (fridge, washer/dryer, etc), etc, etc. There is a boiler that provides for hot water and heat upstairs that is < 10 years old and in great shape. The upstairs includes a beautiful original wood flooring that was rehabilitated. Bottom line - no deferred maintenance. It is fully legal (permits and licenses) and lead free. The building is fully leased and very easy to occupy. It brings in $52, 740 in annual gross rent from the 3 units. It is being sold at a current cap rate of 8.0%, based on actuals. Showing requirements: we will not show the property unless a potential buyer has driven by it and provides some proof of funds or financing. We will not carry financing.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyAnne Arundel
- Taxes$2,577
- HOA/Condo/Coop Fees$0
- Days on Site39 Days
- MLS StatusActive
- MLS ID NumberMDAA2094182
- Home Size Source Estimated
- Year Built1940
- Lot Size0.13 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Style Ranch/ Rambler
- Construction Aluminum SidingBlock
- Parking Attached CarportDrivewayOff Street
- Sewer Public Sewer
- Basement Outside EntranceSide EntranceDaylightPartial
- Number of Stories 2
- Acreage 0.13
- Water Public
- Property Sub Type Triplex
- Attached Garage No
- Foundation Block
- Zoning R5
Interior Features
- Cooling Window Unit(s)Electric
- Heating RadiantBaseboard - ElectricNatural Gas
- Flooring VinylWood
- Fireplace No
Exterior Features
- Roof Shingle
- Spa No
- Waterfront Property No