4404 Ritchie Hwy - Apartments FOR SALE


Baltimore, MD 21225
$359,000 USD
410-618-2585
4404 Ritchie Hwy, Baltimore, MD for Sale
$359,000 USD
Apartments - FOR SALE
1/3
null | 7.64% Cap Rate

4404 Ritchie Hwy
Baltimore, MD 21225


OVERVIEW

PLEASE CALL listing agent Bik Singh for access and additional information: 443-470-9521. 4 unit Multi-family located in Anne Arundel County and zoned C-2; permitted uses include: adult day care; child care; community center; non-profit; hair and nail salon; professional and general office; fitness studio; religious facility; restaurant; taxi-cab stand, travel agency and vet clinic; two first floor units occupied ($900/month each); one vacant second floor unit (estimated rent: $700/month) and one vacant basement unit (estimated rent $500/month); total lot size is .14 acres with frontage directly on Ritchie Highway with 20,000+ cars/day and off-street parking on the lot in the rear; total building square footage is 3,288 SF. Cap Rate is projected based upon project rent.

FOR SALE DETAILS

PRICE

$359,000 USD

PRICE/SF

$109 USD /SF

# OF UNITS

4

PRICE/UNIT

$89,750

CAP RATE

7.64%

% LEASED

50%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1945

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,229 SF

ZONING

C-2

APN/PARCEL ID

05-047-06984503

ASK ABOUT THIS PROPERTY

Sam TannerThe Entrusted Group at KW CommercialMore Info
410-618-2585

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Sam TannerThe Entrusted Group at KW CommercialMore Info
410-618-2585

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