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Perrywood Apartments 26040-26050 Woodfield Rd

26 Unit Apartment Building For Sale Damascus, MD 20872

Executive Summary

Foreclosure. The Perrywood Apartments consist of 26 units plus 1,400 sf of retail space in 2 buildings. The building totals 23,600 square feet of gross building area and 20,164 square feet of net rentable area set upon a 1 acre lot. There are 26 total apartments consisting of 24, 3-bedroom, 1-bath units and 2 efficiency apartments. There is also approximately 1,400 square feet of retail space.

The property was built in 1958 and fully renovated in 2021. According to an appraisal done in 2024, the November 2023 rent roll showed the building fully occupied and a gross monthly rental income of $54,916 in rents and an additional $2,400 for parking. No income was reported for the commercial unit(s).

Parcel ID#: 161200925498
2023 Tax Assessment: $2,266,300
2024 Annual Taxes: $22,928

Property Facts

Sale Type Investment
No. Units 26
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 1.00 AC
Building Size 23,600 SF
No. Stories 3
Year Built/Renovated 1958/2021
Parking Ratio 2.12/1,000 SF

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
12-00925498
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,048,867

zoning

Zoning Code CRT
CRT
  • Listing ID: 34411608

  • Date on Market: 1/8/2025

  • Last Updated:

  • Address: 26040-26050 Woodfield Rd, Damascus, MD 20872

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