401 Yale Ave - Apartments FOR SALE


Baltimore, MD 21229
$499,900 USD
410-340-5970
401 Yale Ave, Baltimore, MD for Sale
$499,900 USD
Apartments - FOR SALE
1/18
null | 9.07% Cap Rate

401 Yale Ave
Baltimore, MD 21229


HIGHLIGHTS

  • 401 Yale Ave presents an eight-unit complex at the end of the renter's row, offering seven units in the main building and one separate dwelling.
  • Just steps away from the highly sought-after Mount Saint Joseph College Preparatory High School.
  • With each unit leased on month-to-month terms, this is an excellent investment with positive cash flow.
  • The roof was updated in 2023, and the windows have also been updated. The site is convenient to multiple bus stops/ lines.
  • Offered Fee Simple with no ground rent.

OVERVIEW

401 Yale Avenue is licensed for eight total units per the Department of Housing & Community Development (license# 014762). This end-of-group structure is just steps away from the highly sought-after Mount Saint Joseph College Preparatory High School (see aerial views) and blocks away from the Baltimore County line. The property offers over 3,400 square feet of living space (see attached floor plans). The one separate dwelling features two bedrooms, one recently renovated full bath, a kitchen, and a living room. The main building features seven units, with common areas including a kitchen, two full baths, and a basement with Speed Queen coined separate washers and dryers (additional income). Purchase as an investment to add to your portfolio and/or live in the separate dwelling unit and lease the entire building!

FOR SALE DETAILS

PRICE

$499,900 USD

PRICE/SF

$144 USD /SF

# OF UNITS

8

PRICE/UNIT

$62,488

CAP RATE

9.07%

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

8 TOTAL UNITS! - ALL MONTH-to-MONTH LEASES!

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.03 AC

LAND SF

1,481 SF

ZONING

R-6

APN/PARCEL ID

20-04-2535-045

ASK ABOUT THIS PROPERTY

Kénitra MerrittMerritt Real Estate, LlcMore Info
410-340-5970

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Kénitra MerrittMerritt Real Estate, LlcMore Info
410-340-5970

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.