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    OFF-MARKET
    Commercial real estate

    7689 Baltimore Annapolis Blvd, Glen Burnie, MD 21060

    Property ID
    US40-0279974
    Property summary
    AI-generated overview

    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

    Property profile
    Verified
    Property type Commercial real estate
    UPID US40-0279974
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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