401 Yale Ave - Apartments FOR SALE


Baltimore, MD 21229- Irvington
$449,900 USD
410-340-5970
401 Yale Ave, Baltimore, MD for Sale
$449,900 USD
Apartments - FOR SALE
1/18
null | 10.08% Cap Rate

401 Yale Ave
Baltimore, MD 21229
Irvington


HIGHLIGHTS

  • Just steps away from the highly sought-after Mount Saint Joseph College Preparatory High School
  • With each unit leased on month-to-month terms, this is an excellent investment with positive cash flow
  • The roof was updated in 2023, and the windows have also been updated. The site is convenient to multiple bus stops/ lines
  • Offered Fee Simple with no ground rent

OVERVIEW

JUST REDUCED! GREAT INVESTMENT! CURRENT, POSITIVE, CASH FLOW! Licensed for 8 TOTAL UNITS! (Department of Housing & Community Development license# 014762). This End of Group structure is just steps away from the highly sought after Mount Saint Joseph College Preparatory High School! (See Aerial Views). Just blocks away from the Baltimore County line. Over 3,400+ Square Feet of Living Space (See attached Floor Plans). Separate Dwelling Unit Count: 1. Separate Dwelling features 2 Bedrooms, 1 Recently Renovated Full Bath, Kitchen & Living Room. Main Building Rooming Units Count: 7. Main Building features 7 Rooms, Common Areas include Kitchen, 2 Full Baths & Basement Laundry Area w/Recent Speed Queen Coined Separate Washer/Dryer Units (additional income!) Roof: 2023, Updated Windows. All Leases are Month to Month. Convenient to Bus Stop/Bus Lines. Fee Simple. No Ground Rent. Purchase as an Investment to add to your Portfolio and/or Live in Separate Dwelling Unit and Lease Entire Building!

FOR SALE DETAILS

PRICE

$449,900 USD

PRICE/SF

$129 USD /SF

# OF UNITS

2

PRICE/UNIT

$224,950

CAP RATE

10.08%

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

8 TOTAL UNITS! - ALL MONTH-to-MONTH LEASES!

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential, Dormitory

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.03 AC

LAND SF

1,481 SF

ZONING

R-6

APN/PARCEL ID

2535-045

ASK ABOUT THIS PROPERTY

Kénitra MerrittMerritt Real Estate, LlcMore Info
410-340-5970

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Kénitra MerrittMerritt Real Estate, LlcMore Info
410-340-5970

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