5005-5007 York Rd Baltimore, MD 21212
- Apartment buildings
- 7,308 SF
Current Use by Public Records
- Apartment buildings
Property Details for 5005-5007 York Rd
- Property size
- 7,308 SF
- Property type
- Apartment buildings
Description
Exceptional investment opportunity: a three-story, nine-unit apartment building at 5005-5007 York Road, Baltimore, MD 21212. This 7,308 square foot property boasts a 7.33% capitalization rate and a strong net operating income (NOI) of $79,880, with 100% occupancy. Completely renovated in 2017, the building includes nine studio apartments and one retail suite, currently fully leased. The property is ideally situated in the Winston-Govans neighborhood, a convenient location near Loyola University and Notre Dame of Maryland, benefiting from high student occupancy and consistent rental income. Nearby commercial establishments include a Dollar Store, Belvedere Shopping Center, Full Tilt Brewery, Senator Theatre, and the Govans Station Post Office, ensuring a vibrant and active surrounding area. The C-1 zoning permits a variety of uses. A bus stop is conveniently located just half a block away at York Road and Radnor Road, enhancing accessibility for residents and tenants. This stabilized investment offers a respectable return with minimal management requirements, making it an attractive proposition for discerning investors seeking a turnkey multifamily property in a prime Baltimore location. The asking price is $1,090,000.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Baltimore
- County
- Baltimore city
- State
- Maryland
- Longitude
- -76.6094
- Latitude
- 39.3493