$95,000
$91,500
3.8%For more information regarding the value of a property, please contact us for a free consultation.
1 Bed
1 Bath
747 SqFt
SOLD DATE : 02/11/2022
Key Details
Sold Price $95,000
Property Type Condo
Sub Type Condo/Co-op
Listing Status Sold
Purchase Type For Sale
Square Footage 747 sqft
Price per Sqft $127
Subdivision Gardens At Owings Mills
MLS Listing ID MDBC2021244
Sold Date 02/11/22
Style Traditional
Bedrooms 1
Full Baths 1
Condo Fees $206/mo
HOA Y/N N
Abv Grd Liv Area 747
Originating Board BRIGHT
Annual Tax Amount $1,339
Tax Year 2020
Property Description
INVESTOR ALERT! Unique opportunity to stay in Baltimore County and own a turn key rental in Reisterstown for under $100,000! Property is already leased for $1,100/mo to qualified tenants with existing lease in place through June 2022! Fantastic, desirable location with convenient access to I-795, bus routes, subway system, shopping and dining! Parking lots were recently redone from the ground up. Property was recently renovated opening up the kitchen to fit desirable full-sized stainless steel appliances that similar units simply cannot accommodate; result is an OPEN FLOOR PLAN not seen in the other units within this development! Property boasts bamboo flooring and has a modern farmhouse aesthetic. Features include a stainless steel ethanol fireplace with stone surround built into elegant paneled wall with reclaimed oak mantel. Unit also features a unique mudroom space with built-in closet, coat hooks, bench seat, and additional storage. Wall to wall carpet in the bedroom less than 2 years old.
Included for download is an "Investment Property Income and Expense Budget" to help with your analysis of the home as an investment. Cap Rate: 8.03%, Debt Coverage Ratio (DCR): 1.86, ROI from cash flow: 14.86%, GRM: 6.63.
Location
State MD
County Baltimore
Zoning RESIDENTIAL
Rooms
Main Level Bedrooms 1
Interior
Interior Features Floor Plan - Open, Window Treatments, Other
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Flooring Bamboo, Carpet
Fireplaces Number 1
Fireplaces Type Other
Equipment Stainless Steel Appliances, Oven/Range - Gas
Fireplace Y
Appliance Stainless Steel Appliances, Oven/Range - Gas
Heat Source Natural Gas
Laundry Lower Floor
Exterior
Utilities Available Cable TV Available, Electric Available, Natural Gas Available
Amenities Available Common Grounds
Waterfront N
Water Access N
Roof Type Architectural Shingle
Accessibility None
Parking Type Parking Lot
Garage N
Building
Story 2
Unit Features Garden 1 - 4 Floors
Sewer Public Sewer
Water Public
Architectural Style Traditional
Level or Stories 2
Additional Building Above Grade, Below Grade
Structure Type Dry Wall
New Construction N
Schools
School District Baltimore County Public Schools
Others
Pets Allowed Y
HOA Fee Include Common Area Maintenance,Custodial Services Maintenance,Ext Bldg Maint,Trash,Lawn Maintenance,Management
Senior Community No
Tax ID 04042100013541
Ownership Condominium
Special Listing Condition Standard
Pets Description No Pet Restrictions
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Bought with Rose Ella Pich • Long & Foster Real Estate, Inc.