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14201 Cedarwood Dr SW
Cresaptown, MD 21502
24 units Heritage Apartments · Multifamily Property For Sale · 24 Units
Investment Highlights
- Same owners since 1980's
- Usually 100% occupied, well maintained
- Close to IBM Northrop Grumman - 5 minute drive to areas fastest growing employers
- Quiet suburban location, most neighbors owner-occupied single family homes
PROPERTY FACTS
| No. Units | 24 | Building Size | 24,000 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low Rise | Year Built/Renovated | 1974/1998 |
| Building Class | C | Parking Ratio | 3/1,000 SF |
| Lot Size | 1.24 AC |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 1.24 AC |
| Building Size | 24,000 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1974/1998 |
| Parking Ratio | 3/1,000 SF |
About 14201 Cedarwood Dr SW , Cresaptown, MD 21502
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 renovated with newer appliances floor coverings and fixtures in the past 12 years, others are occupied by long term tenants.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 24 | $795.00 | 780 |
PROPERTY TAXES
| Parcel Number | 07-029640 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $625,867 |
PROPERTY TAXES
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