7689 Baltimore Annapolis Blvd Glen Burnie, MD 21060

Property Details for 7689 Baltimore Annapolis Blvd

Property type

Commercial real estate

Description

This meticulously renovated three-unit apartment building, known as "B&A Bungalows," presents a compelling investment opportunity in Glen Burnie, Maryland. Located on a desirable corner lot at 7689 Baltimore Annapolis Blvd, zip code 21060, this property boasts a fully fenced yard, four off-street parking spaces, a carport, and a powered shed. The building comprises a spacious three-bedroom apartment on the ground floor and two separate studios on the lower level. Each unit features separate meters for utilities. Extensive renovations completed between 2021 and 2022 encompassed both interior and exterior improvements. Exterior upgrades include new fencing, enhanced parking, landscaping, paint, LED lighting, awnings, and a new roof and gutters on the main building and shed. Interior renovations are equally comprehensive, featuring new paint, lighting, flooring, baseboard heaters, window air conditioners, bathrooms, and appliances (refrigerators, washers, dryers). The upstairs apartment retains beautifully rehabilitated original hardwood flooring. A less-than-ten-year-old boiler provides hot water and heat to the upper unit. The property is fully compliant with all permits and licenses, is lead-free, and currently enjoys 100% occupancy, generating $52,740 in annual gross rent. The asking price reflects an 8% capitalization rate based on actual income, not projections. Serious inquiries only