Glen Burnie MD Multi Family for Sale
- Type:
- Single Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.13 Acres
- Year built:
- 1940
- Baths:
- MLS#:
- MDAA2094182
ADDITIONAL INFORMATION
It is possible to both own a statement property and make a lot of money! This showcase triplex (called "B&A Bungalows") sits at a corner location on B&A Blvd. It's been lauded by the community as a property that has been wonderfully renovated and operated. The fully fenced corner lot has four off-street parking spaces + a carport, a separate shed with power, and a large landscaped yard. The building consists of a 3 bedroom apartment on the ground floor and 2 separate studios on the bottom floor. The upstairs and downstairs are separately metered. The property was fully renovated in the '21 - '22 timeframe. This included on the exterior: new fencing, upgraded parking, upgraded landscaping, new paint, new exterior LED lighting, new awnings, new roof and gutters on main building and shed, among others. This included on the interior: completely remodeled with paint, lighting, flooring, baseboard heaters, window mounted a/c's, new bathrooms, new appliances (fridge, washer/dryer, etc), etc, etc. There is a boiler that provides for hot water and heat upstairs that is < 10 years old and in great shape. The upstairs includes a beautiful original wood flooring that was rehabilitated. Bottom line - no deferred maintenance. It is fully legal (permits and licenses) and lead free. The building is fully leased and very easy to occupy. It brings in $52,740 in annual gross rent from the 3 units. It is being sold at a current cap rate of 8.0%, based on actuals. Showing requirements: we will not show the property unless a potential buyer has driven by it and provides some proof of funds or financing. We will not carry financing.
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Glen Burnie Real Estate
The median home value in Glen Burnie, MD is $343,900. This is lower than the county median home value of $458,200. The national median home value is $338,100. The average price of homes sold in Glen Burnie, MD is $343,900. Approximately 59.63% of Glen Burnie homes are owned, compared to 34.67% rented, while 5.7% are vacant. Glen Burnie real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Glen Burnie real estate agent to arrange a tour today!
Glen Burnie, Maryland 21060 has a population of 69,739. Glen Burnie 21060 is less family-centric than the surrounding county with 26.7% of the households containing married families with children. The county average for households married with children is 33.77%.
The median household income in Glen Burnie, Maryland 21060 is $80,458. The median household income for the surrounding county is $108,048 compared to the national median of $69,021. The median age of people living in Glen Burnie 21060 is 38.2 years.
Glen Burnie Weather
The average high temperature in July is 89.2 degrees, with an average low temperature in January of 28.1 degrees. The average rainfall is approximately 42 inches per year, with 14.1 inches of snow per year.