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4404 Ritchie Hwy 4 Unit Apartment Building $359,000 ($89,750/Unit) 7.64% Cap Rate Baltimore, MD 21225
EXECUTIVE SUMMARY
PLEASE CALL listing agent Sam Tanner for access and additional information: 443-470-9521.
4 unit Multi-family located in Anne Arundel County and zoned C-2; permitted uses include: adult day care; child care; community center; non-profit; hair and nail salon; professional and general office; fitness studio; religious facility; restaurant; taxi-cab stand, travel agency and vet clinic; two first floor units occupied ($900/month each); one vacant second floor unit (estimated rent: $700/month) and one vacant basement unit (estimated rent $500/month); total lot size is .14 acres with frontage directly on Ritchie Highway with 20,000+ cars/day and off-street parking on the lot in the rear; total building square footage is 3,288 SF.
Cap Rate is projected based upon project rent.
4 unit Multi-family located in Anne Arundel County and zoned C-2; permitted uses include: adult day care; child care; community center; non-profit; hair and nail salon; professional and general office; fitness studio; religious facility; restaurant; taxi-cab stand, travel agency and vet clinic; two first floor units occupied ($900/month each); one vacant second floor unit (estimated rent: $700/month) and one vacant basement unit (estimated rent $500/month); total lot size is .14 acres with frontage directly on Ritchie Highway with 20,000+ cars/day and off-street parking on the lot in the rear; total building square footage is 3,288 SF.
Cap Rate is projected based upon project rent.
PROPERTY FACTS
| Price | $359,000 | Building Class | C |
| Price Per Unit | $89,750 | Lot Size | 0.14 AC |
| Sale Type | Investment | Building Size | 3,288 SF |
| Cap Rate | 7.64% | Average Occupancy | 50% |
| No. Units | 4 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1945/2000 |
| Property Subtype | Apartment | Parking Ratio | 2.43/1,000 SF |
| Apartment Style | Single-Family Home | Opportunity Zone |
Yes
|
| Zoning | C-2 - commercial zoning district that allows for a variety of medium-intensity commercial uses | ||
| Price | $359,000 |
| Price Per Unit | $89,750 |
| Sale Type | Investment |
| Cap Rate | 7.64% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 3,288 SF |
| Average Occupancy | 50% |
| No. Stories | 3 |
| Year Built/Renovated | 1945/2000 |
| Parking Ratio | 2.43/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | C-2 - commercial zoning district that allows for a variety of medium-intensity commercial uses |
AMENITIES
UNIT AMENITIES
- Dishwasher
- Wi-Fi
- Basement
SITE AMENITIES
- 24 Hour Access
- Gas Range
- Trash Pickup - Curbside
- Wi-Fi
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
1 1
Walk Score®
Very Walkable (78)
PROPERTY TAXES
| Parcel Number | 05-047-06984503 | Improvements Assessment | $302,600 |
| Land Assessment | $181,200 | Total Assessment | $483,800 |
PROPERTY TAXES
Parcel Number
05-047-06984503
Land Assessment
$181,200
Improvements Assessment
$302,600
Total Assessment
$483,800
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4404 Ritchie Hwy
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