Historical Multifamily Sale Listing - Cherrytree Manor

Multifamily For Sale

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Cherrytree Manor

105 Egges Lane, Catonsville, MD 21228

N/A

21 Units | Multifamily

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Multifamily Property - Off Market

Price:
N/A
No. Units:
21
Building Size:
10,730 SF
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Commission Split:
2%
Cap Rate:
7.71%
Gross Rent Multiplier:
9.40
Occupancy:
97%
No. Stories:
2
Lot Size:
0.80 AC
Listing ID
14188651
Last Updated
over 1 year ago

Highlights

  • Stays Full
  • Close to Freeway
  • Convenient to Shopping
  • All Utilities Separate
  • Location Desired By Tenants
  • Well Maintained

Description

Rare garden apartment in suburban Baltimore County. The property is made up primarily of two-bedroom units and has undergone significant renovations over the last five years including windows, roofs, paving and more. This highly sought-after location is currently renting well below the market and its potential. Opportunites exist for the new owner increase the rent roll and to make further rent-increasing improvements such as installing central air conditioning. Due to its quiet Baltimore County location, the property enjoys a constant waiting list of potential tenants who wsh rent in Cherrytree Manor.

Cherrytree Manor Apartments is nestled in the heart of historic downtown Catonsville in Baltimore County, Maryland. The property is perfectly situated close to major shopping including Security Square Mall , Westside Shopping Center and of course all of the classy shops of downtown Catonsville. Cherrytree Manor is also close to Baltimore's beltway in the southwest corner of the metropolitan area making it convenient for tenants who work in Baltimore or Washington to get to work.

Map of 105 Egges Lane, Catonsville, MD 21228 (Baltimore County)

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