Glen Burnie, MD 21060,7689 BALTIMORE ANNAPOLIS BLVD
Glen Burnie, MD 21060,7689 BALTIMORE ANNAPOLIS BLVD
Glen Burnie, MD 21060,7689 BALTIMORE ANNAPOLIS BLVD
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$525,000
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2,832 SqFt
Price Dropped by $24K

7689 BALTIMORE ANNAPOLIS BLVD Glen Burnie, MD 21060

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UPDATED:

10/07/2024 01:06 PM

Key Details

Property Type Multi-Family

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 2,832 sqft

Price per Sqft $185

MLS Listing ID MDAA2094182

Style Ranch/Rambler

Abv Grd Liv Area 1,416

Originating Board BRIGHT

Year Built 1940

Annual Tax Amount $2,577

Tax Year 2019

Lot Size 5,475 Sqft

Acres 0.13

Property Description

It is possible to both own a statement property and make a lot of money! This showcase triplex (called "B&A Bungalows") sits at a corner location on B&A Blvd. It's been lauded by the community as a property that has been wonderfully renovated and operated.

The fully fenced corner lot has four off-street parking spaces + a carport, a separate shed with power, and a large landscaped yard. The building consists of a 3 bedroom apartment on the ground floor and 2 separate studios on the bottom floor. The upstairs and downstairs are separately metered. The property was fully renovated in the '21 - '22 timeframe. This included on the exterior: new fencing, upgraded parking, upgraded landscaping, new paint, new exterior LED lighting, new awnings, new roof and gutters on main building and shed, among others. This included on the interior: completely remodeled with paint, lighting, flooring, baseboard heaters, window mounted a/c's, new bathrooms, new appliances (fridge, washer/dryer, etc), etc, etc. There is a boiler that provides for hot water and heat upstairs that is
It is fully legal (permits and licenses) and lead free.

The building is fully leased and very easy to occupy. It brings in $52,740 in annual gross rent from the 3 units. It is being sold at a current cap rate of 8.0%, based on actuals.

Showing requirements: we will not show the property unless a potential buyer has driven by it and provides some proof of funds or financing. We will not carry financing.

Location

State MD

County Anne Arundel

Zoning R5

Rooms

Basement Outside Entrance, Side Entrance, Daylight, Partial

Interior

Hot Water Natural Gas

Heating Radiant, Baseboard - Electric

Cooling Window Unit(s)

Flooring Vinyl, Wood

Fireplace N

Heat Source Natural Gas

Exterior

Garage Spaces 2.0

Waterfront N

Water Access N

Roof Type Shingle

Accessibility 2+ Access Exits

Parking Type Attached Carport, Driveway, Off Street

Total Parking Spaces 2

Garage N

Building

Foundation Block

Sewer Public Sewer

Water Public

Architectural Style Ranch/Rambler

Additional Building Above Grade, Below Grade

Structure Type Dry Wall,Block Walls

New Construction N

Schools

High Schools Glen Burnie

School District Anne Arundel County Public Schools

Others

Tax ID 020354009329600

Ownership Fee Simple

SqFt Source Estimated

Acceptable Financing Cash, FHA, Conventional, VA

Listing Terms Cash, FHA, Conventional, VA

Financing Cash,FHA,Conventional,VA

Special Listing Condition Standard


Bright MLS (BMLS)
Listed by Nicole C. Hassannia • Taylor Properties

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Gary Pallay

Sales Associate

+1(908) 698-1053

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7689 BALTIMORE ANNAPOLIS BLVD