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High Cash flow low maintenance

4 Multifamily Properties Offered at $1,000,000 in Cumberland, MD

Apartment Buildings Maryland Cumberland High Cash flow low maintenance

Investment Highlights

  • High cash flow, low maintenance
  • Most units have been updated
  • All rents are deposit into our account or via digital payment such as Venmo and CashApp
  • All tenants are great at paying rent on time
  • All units are below market rent average while several units have higher rent potential
  • Great location with major highway interect

Executive Summary

High cash flow low maintenance properties for sale.
Property #1 Quadplex - $875 + $800 + $700 + $500
Property #2 Triplex - $950 + $750, one unit vacant. Looking to offer as furnished short term rental $1000.00 a month
Property #3 Duplex - $950 + $1000
Property #4 Duplex - $750 + $1075
Leases available. Most units have been updated within last 2 years. Tenants pays all utilities except water/sewer/trash.
Quad - $300 a month
Triplex - $200 a month
Property #3 Duplex - $150 a month
Property #4 Duplex - separate metered tenants pay.
Property taxes average $1200 per building per a year.
Rental License $25 per unit per year
Lead Registration $30.00 per unit per year
Property insurance $130 per month
Current monthly gross rent $8275.00 excluding 1 vacant unit. Annual rent $99,300.00.
All tenants are easy to maintain and look out for property owner as well as neighbors.

Taxes & Operating Expenses (Actual - 2023) Click Here to Access

Annual
Gross Rental Income $99,999
Other Income -
Vacancy Loss -
Effective Gross Income $99,999
Taxes $99,999
Operating Expenses $99,999
Total Expenses $99,999
Net Operating Income $99,999

Taxes & Operating Expenses (Actual - 2023) Click Here to Access

Gross Rental Income
Annual $99,999
Other Income
Annual -
Vacancy Loss
Annual -
Effective Gross Income
Annual $99,999
Taxes
Annual $99,999
Operating Expenses
Annual $99,999
Total Expenses
Annual $99,999
Net Operating Income
Annual $99,999

Property Facts

Price $1,000,000 Status Active
Price / SF $104.28 / SF Number of Properties 4
Sale Conditions Bulk/Portfolio Sale Individually For Sale 0
Cap Rate 9% Total Building Size 9,590 SF
Sale Type Investment Total Land Area 0.34 AC
Price $1,000,000
Price / SF $104.28 / SF
Sale Conditions Bulk/Portfolio Sale
Cap Rate 9%
Sale Type Investment
Status Active
Number of Properties 4
Individually For Sale 0
Total Building Size 9,590 SF
Total Land Area 0.34 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
12 Weber St, Cumberland, MD 21502 Multifamily 2,816 SF 1924 -
17 Grand Ave, Cumberland, MD 21502 Multifamily 3,600 SF 1915 -
640 Columbia Ave, Cumberland, MD 21502 Multifamily 1,302 SF 1900 -
21 Grand Ave, Cumberland, MD 21502 Multifamily 1,872 SF 1910 -
Show More > < Show Less
1 of 1
(240) 744-6969

Contact

  • TC Chen
    TC Chen
  • TC Chen

  • Listing ID: 32323735

  • Date on Market: 7/2/2024

  • Last Updated:

  • Address: High Cash flow low maintenance, Cumberland, MD

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High Cash flow low maintenance
(240) 744-6969 x

High Cash flow low maintenance

TC Chen

(240) 744-6969

(240) 744-6969

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