multi family apartment for sale - loopnet · 5501 peerless ave. baltimore md 21207 property...
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Multi Family Apartment For Sale5501 Peerless ave. Baltimore MD 21207
Property information
Construction Units 8
Zonning R-6, residential Structure Duplex
1950
Land 21,600 sq.ft 3 bed room, 1.5 bath
Building Size 31 x 142.6 ft
Parking Unpaved backyard
Description
Exterior Brick construction, Two story duplex with roof
Windows Most windows are replaced with vynil
Screen Door All the units have front and back screen door
Interior First floor - living room, kitchen, dining room, washer/dryer, half bath
Second floor - Master room, two small rooms, full bath, hard wood floor
6 units are remodeled
60% Heating systems are less than 10 years
New roof, New gutter with leaf cover, No basement
Environment
Paint Full Risk Reduction
Other Trash - Baltimore city without charge
Quiet area, good environment
Utility Electricity and gas - Tenant, Water - Landlord
Income and Expense Proforma
All the units are 3 bed room, 1.5 bath
Offering Price : 845,000 NOI 69,790
Proforma Rental Income : 115,200 Cap Rate 8.26%
Vacancy (5%) : 5,760
Bad debt (3%) : 3,456
Expense (total) 36,194
RE tax (actual) 12,864
Insurace(actual) 3,380
Repair & Maintenace 6,000
Water(actual) 6,300
License & inspection(act'l) 590
Turn over 1,300
Management(5%) 5,760
Rental status
Unit Lease End Sec. Deposit Monthly Rent Market Rent Remark
5501 mtm 2300 1150 1200 Front Door
5503 3/31/2020 1175 1175 1200 St. Vincent
5505 mtm 1200 1200 1200 Market
5507 3/31/2020 1150 1200 1200 St. Vincent
5509 11/16/2020 1100 1100 1200 Market5509 11/16/2020 1100 1100 1200 Market
5511 3/31/2020 1150 1200 1200 St. Vincent
5513 2/28/2020 1200 1200 1200 Market
5515 1/1/2020 1100 1100 1200 Front Door
(actual)
Total Monthly Rental Income 9,325 9,600
Yearly Income 111,900 115,200
1) St. Vincent Program
2) Front Door Program : Supported by St. Vincent
Sale Condition
Prefer cash deal
Need Proof of fund for tour
Call Elisa at 301-532-2549, [email protected]
The information of this OM is belived to be accurate: however, no warranties or representations are
made in regards to the information, the property or financial performance.
