304 Glen Ave - Apartments FOR SALE


Salisbury, MD 21804
$6,450,000 USD
410-844-4160
304 Glen Ave, Salisbury, MD for Sale
$6,450,000 USD
Apartments - FOR SALE
1/5
null | Request Cap Rate

304 Glen Ave
Salisbury, MD 21804


HIGHLIGHTS

  • 52-unit apartment community with strong rent roll
  • 18 units recently remodeled for modern appeal
  • Fiber internet installed throughout the property
  • City water and sewer without city tax burden
  • Ample land for future expansion opportunities
  • Centrally located near retail and employment centers

OVERVIEW

52 apartments with 18 having been recently remodeled. This centrally located complex boasts brick exterior, stable rent roll, ample land for expansion. These apartments are still under current market rates giving plenty of upside for a buyer. This property has city water and sewer without having city taxes. Fiber internet is run throughout the property and several of the flat roofs have been recently replaced within the past 2 years.

FOR SALE DETAILS

PRICE

$6,450,000 USD

PRICE/SF

$138 USD /SF

# OF UNITS

52

PRICE/UNIT

$124,038

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

NorthPark Gardens

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1953

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.54 AC

LAND SF

197,762 SF

ZONING

M

APN/PARCEL ID

05-062535

ASK ABOUT THIS PROPERTY

Kristen PowellDavis Strategic - Keller Williams Realty DelmarvaMore Info
410-844-4160

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Kristen PowellDavis Strategic - Keller Williams Realty DelmarvaMore Info
410-844-4160

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