1106 Beach Promenade - Apartments FOR SALE


Curtis Bay, MD 21226
$300,000 USD
410-977-4711
1106 Beach Promenade, Curtis Bay, MD for Sale
$300,000 USD
Apartments - FOR SALE
1/27
null | Request Cap Rate

1106 Beach Promenade
Curtis Bay, MD 21226


HIGHLIGHTS

  • Water-View Multifamily Investment Opportunity
  • Fully Leased 5 Unit Building
  • Scheduled Annual Rent $82,000

OVERVIEW

Investment Opportunity! Fully Leased 5 Unit on Stoney Creek | Orchard Beach Community in Anne Arundel County. Investment Opportunity! Fully Leased 5 Unit on Stoney Creek | Orchard Beach Community in Anne Arundel County Exceptional water view multi-family investment featuring two buildings with five fully leased rental units—each producing steady income. The property offers a proven rental history, a new 2024 roof with transferable warranty, and desirable waterfront frontage on Stoney Creek in the sought-after Orchard Beach community of Anne Arundel County. Main House • Unit A: 2 Bedrooms, 1 Bath | Living Room | Eat-in Kitchen • Rent $1,575 | Lease 5/2023–5/2026 | Rhino policy for security & damage • Unit B: 2 Bedrooms, 1 Bath | Living Room | Dining Room | Kitchen | Sunroom • Rent $1,490 ($1,239 HCAAC + $251 tenant) | Lease 7/2022–7/2026 | Security deposit $700 • Unit C: 1 Bedroom, 1 Bath | Living Room • Rent $1,199 ($875 HCAAC + $324 tenant) | Lease 4/2022–4/2026 | Long-term tenant (~15 years) Small House • Unit D: 2 Bedrooms, 1 Bath | Living Room | Dining Room • Rent $1,391.25 | Lease 5/2023–4/2026 | Rhino policy for security & damage • Unit E: 1 Bedroom, 1 Bath | Kitchen | Combined Living/Dining Area • Rent $1,178.10 | Lease 5/2022–4/2026 | Security deposit $1,295 Financial Summary • Total Monthly Rent: $6,833.35 • Annual Gross Income: $82,000 Utilities • Main House: Owner pays water, electric, and oil; tenants pay propane (for stove). • Small House: Owner pays water; tenants pay propane, electric, and oil. Highlights • Five total units (3 × 2BR/1BA, 1 × 1BR/1BA, 1 × Studio) • Approx. 3,445 ± sq ft of living space on 0.28 ± acres • 50 ± ft of waterfront on Stoney Creek • Ample off-street parking (6 ± spaces) • Long-term tenants with timely renewals • Convenient to Pasadena, Glen Burnie, Baltimore, and Annapolis Diligence Package: A copy of the purchase and sale agreement and assorted addenda, leases, lead certificates, and rental licenses are located in the documents section. In order to gain access, you must create a free account as well as accept a non-disclosure agreement. Auction Notes: Online Auction Only! Bidding begins Saturday, November 29th and ends Thursday December 4, 2025 at 12:00PM. Online Bidding Notes: The initial deposit must be made via credit card, wire transfer or by Cashier's Check. Please review the online bidding terms and deposit transmittal form in the Documents Section for more details. If a lot receives a bid within the last 3 minutes. it will remain open for an additional 3 minutes. If any further bidding occurs, the extension timer will reset to 3 minutes. If no further bidding activity occurs, the lot closes when the timer runs out.

FOR SALE DETAILS

PRICE

$300,000 USD

PRICE/SF

$74 USD /SF

# OF UNITS

5

PRICE/UNIT

$60,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1940

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,079 SF

ZONING

R5

APN/PARCEL ID

03-615-08526000

ASK ABOUT THIS PROPERTY

Matt CooperAlex Cooper Auctioneers, Inc.More Info
410-977-4711

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Matt CooperAlex Cooper Auctioneers, Inc.More Info
410-977-4711

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.