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14201 AND 14203 CEDARWOOD DR SW #1-24 Cresaptown, MD 21502
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Key Details
Sold Price $1,450,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 24,000 sqft
Price per Sqft $60
Subdivision Glen Oaks
MLS Listing ID MDAL133492
Sold Date 03/12/21
HOA Y/N N
Originating Board BRIGHT
Year Built 1974
Annual Tax Amount $6,512
Tax Year 2019
Lot Size 1.240 Acres
Acres 1.24
Property Description
24 units owned by same family since 1970's! 100% leased as of 1/15/2020 STRONG STABLE RENTAL HISTORY Current rent roll over $17,000 per month income. Projected net operating income over $120,000 per year after all expenses. all Market rate leases with no subsidies or HUD tenants. Suburban Location 5 minutes from IBM and Northrop Grumman, Western Correctional 18 of the 24 apartments have been rennovated with newer appliances floor coverings and fixtures in the past 12 years, others are occupied by long term tenants.
Location
State MD
County Allegany
Area Sw Allegany - Allegany County (Mdal9)
Zoning R
Interior
Hot Water Electric, Multi-tank
Heating Forced Air
Cooling Central A/C
Flooring Carpet, Ceramic Tile, Vinyl
Heat Source Electric
Exterior
Garage Spaces 42.0
Water Access N
Roof Type Asphalt,Shingle
Accessibility None
Total Parking Spaces 42
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
Middle Schools Braddock
High Schools Allegany
School District Allegany County Public Schools
Others
Tax ID 0107029640 AND 0107029659
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional, Exchange, Negotiable
Listing Terms Cash, Conventional, Exchange, Negotiable
Financing Cash,Conventional,Exchange,Negotiable
Special Listing Condition Probate Listing, Standard
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Bought with Doug Macy • Long & Foster Real Estate, Inc.
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