3925-3945 Gordon Stinnett Ave

60 Unit Apartment Building $5,400,000 ($90,000/Unit) 10% Cap Rate Chesapeake Beach, MD 20732

INVESTMENT HIGHLIGHTS

  • Low Income Housing - Tax Break
  • Water View

EXECUTIVE SUMMARY

Low Income Housing Apartments (25 years left on the covenant)
60 Units
13 One Bedroom Units
47 Two Bedroom Units
NDA Must be signed to review income documentation.
State of Maryland must approve buyer ($5000.00 fee for processing)

PROPERTY FACTS

Price $5,400,000
Price Per Unit $90,000
Sale Type Investment
Cap Rate 10%
No. Units 60
Property Type Multifamily
Property Subtype Apartment
Apartment Style Single-Family Home
Building Class B
Lot Size 3.64 AC
Building Size 49,440 SF
No. Stories 2
Year Built 1999
Parking Ratio 1.21/1,000 SF

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 13 - 600
2+1 47 - 800

PROPERTY TAXES

ZONING

Zoning Code MCR
  • Listing ID: 29623499

  • Date on Market: 9/26/2023

  • Last Updated:

  • Address: 3925-3945 Gordon Stinnett Ave, Chesapeake Beach, MD 20732