410-353-3545
627 Ridgely Ave, Annapolis, MD for Sale
Apartments - FOR SALE
1/9
null | Request Cap Rate

627 Ridgely Ave
Annapolis, MD 21401
Parole


HIGHLIGHTS

  • Below-market rent with growth potential
  • Deferred maintanance = value-add opportunity (roof replacement needed)
  • 6 residential units with long-term tenants on month to month leases
  • Separately metered utilities
  • Oil heat, city water, and septic
  • Sold as is

OVERVIEW

Investment Opportunity with Value-Add Potential This mixed-use property features 6 residential units with long-term, month-to-month tenants and a 5,000± SF flex/contractor space equipped with heavy power and three 10’ roll-up doors. Below-market rents offer strong upside potential. Deferred maintenance, including roof replacement, presents a value-add opportunity. Property includes separately metered utilities, oil heat, city water, and septic. Lead-Free registered. Non-conforming zoning status. Real estate taxes: $10,112. Sold as-is.

FOR SALE DETAILS

PRICE

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# OF UNITS

6

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1940

PARKING SPACES

15

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

R2

APN/PARCEL ID

02-000-08256100

ASK ABOUT THIS PROPERTY

Judith NeighoffHyatt CommercialMore Info
410-353-3545

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Judith NeighoffHyatt CommercialMore Info
410-353-3545

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