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)
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
| Parcel Number | 03-153592 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $871,467 |
ZONING
| Zoning Code | MCR |
CONTACTS
-
Teresa Shasho Clark -
Chris Shasho -
Harry Shasho -
Shasho Consulting P.A. Commercial Real Estate
