Photos: https://www.dropbox.com/sh/6b213ebyirkfbff/AAD8axmbweBhwJgWTTCWA6IZa?dl=0
Deal Analysis (Projections)
4001-4003 Orchard Ave – 🔥Anne Arundel County 4 Unit! Sold
- $320000
- 8 beds
- 5 baths
- 2,992 sqft
Sold
- Price:
- $320000
- Address:
- 4003 Orchard Ave
Baltimore, MD 21225 - Square Feet:
- 2,992
- Lot Size:
- 9,750
- Bedrooms:
- 8
- Bathrooms:
- 5
- Terms:
- For Sale
- Property Type:
- Multi-family
- Year Built:
- 1966
- Basement:
- Finished
- Const. Type:
- Brick
Additional Features
Calling all buy and hold / multi family investors! This is a phenomenal property to add to your rental portfolio. Serious value add here as each unit is severely rented under market rent. Setup as 4 (2 Bed 1 Bath units) rented on month to month leases for $750 a unit. The 1st floor unit on the 4003 side of the property is a 2 story unit with a finished basement and should be able to rent for $1,200 easily. Total rent potential is about $4,250 a month. There's also a (maintenance man unit in the rear of the building (full 1 bed 1 bath unit) just not apart of the zoning but he pays $700 a month. Some recent improvements have been made with each unit getting all new furnaces & hot water heaters in 2021. The Shingle roof is in excellent condition and was completely replaced 5 years ago. There's a parking pad at the tale end of the massive lot the building sits on. Quiet street with retail single family homes selling over $250,000. 5K EMD required to take off the market.