High Cash flow low maintenance Multi-Family FOR SALE


Cumberland, MD
$1,200,000 USD
240-744-6969

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$1,200,000 USD
Multi-Family - FOR SALE
null | 7.49% Cap Rate

High Cash flow low maintenance
Cumberland, MD


HIGHLIGHTS

  • High cash flow, low maintenance
  • All tenants are great at paying rent on time
  • Most units have been updated
  • Most units are below market rent average while several units have higher rent due to Mid and Short term rental
  • Most rents are deposit into our account or via digital payments such as Venmo and CashApp with 4 tenants deposit into our business accounts
  • Great location with major highway intersection

OVERVIEW

High cash flow low maintenance properties for sale. Property #1 Quadplex - $875 + $800 + $700 + $500 Total $2875.00 Property #2 Triplex - $1200, ,$1800.00 a month. One unit remaining and will list for $1250 a month. Total $3000.00 Property #3 Duplex - $1000, one unit turning over listed for $1100. Pending tenant approval. Total $2100 Property #4 Duplex - $750 + $1075. Looking to improve the units this Fall and look for new tenants with higher rent. Total $1825 Leases available. Most units have been updated within last 2 years. Tenants pays all utilities except water/sewer/trash. Quad - $300 a month, $3600 a year Triplex - $200 a month, $2400 a year Property #3 Duplex - $150 a month, 1800 a year Property #4 Duplex - separate metered tenants pay. Property taxes average $1200 per building per a year. Rental License $25 per unit per year Lead Registration $30.00 per unit per year Property insurance $130 per month Current monthly gross rent $8700.00 excluding 1 vacant unit($1250) and 1 pending unit($1100). Annual projected full rent based on fully occupied is $132,600.00. All tenants are easy to maintain and look out for property owner as well as neighbors.

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TC ChenTC ChenMore Info
240-744-6969

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TC ChenTC ChenMore Info
240-744-6969

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