14201 AND 14203 CEDARWOOD DR SW #1-24 Cresaptown, MD 21502 PENDING
UPDATED:  
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PENDING
1649500
/mo

-1Bed

-1Bath

-1SqFt

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Key Details

Property Type: Commercial

Sub Type: Other

Listing Status: Pending

Purchase Type: For Sale

Lot Size: 1.240 Acres

Year Built: 1974

MLS Listing ID: MDAL133492

Subdivision: Glen Oaks

Total Units: 24

Short Sale: No

HOA Y/N: N

Originating MLS: BRIGHT

Property Description

24 units owned by same family since 1970's! 100% leased as of 1/15/2020 STRONG STABLE RENTAL HISTORY Current rent roll over $17,000 per month income. Projected net operating income over $120,000 per year after all expenses. all Market rate leases with no subsidies or HUD tenants. Suburban Location 5 minutes from IBM and Northrop Grumman, Western Correctional 18 of the 24 apartments have been rennovated with newer appliances floor coverings and fixtures in the past 12 years, others are occupied by long term tenants.

Location

State: MD

County: Allegany

Area: Sw Allegany - Allegany County (Mdal9)

Zoning: R

Interior

Hot Water: Electric,Multi-tank

Heating: Forced Air

Cooling: Central A/C

Flooring: Carpet,Ceramic Tile,Vinyl

Heat Source: Electric

Exterior

Garage Spaces: 42.0

Waterfront: N

Water Access: N

Roof Type: Asphalt,Shingle

Accessibility: None

Parking Type: Parking Lot

Total Parking Spaces: 42

Garage: N

Building

Sewer: Public Sewer

Water: Public

New Construction: N

Schools

Middle Schools: Braddock

High Schools: Allegany

School District: Allegany County Public Schools

Others

Tax Amount: $6,512

Tax Year: 2019

Tax ID: 0107029640 AND 0107029659

Ownership: Fee Simple

SqFt Source: Assessor

Acceptable Financing: Cash,Conventional,Exchange,Negotiable

Special Sale: Probate Listing,Standard

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Listing provided by  Long & Foster Real Estate, Inc.

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