1836, Loch Shiel Road, Loch Raven Village, Towson, Baltimore County, Maryland, 21234, USA
For Sale - Under Contract
1836 Loch Shiel Rd. is a spacious 2-unit townhome, fully leased to 2 stable tenants.
Units are separately metered for gas & electric, and have separate gas water heaters (2017 & 2018) and furnaces (both 2003). Slate roof will help to save big on replacement budgets. Most windows have been upgraded to vinyl-clad replacement windows. Brick exterior with concrete block foundation.
First floor unit has 2 bedrooms, 1.5 baths, living room, dining room, and a lower level den/3rd bedroom, totaling 1,400+/- sf. Clothes washer/dryer in unit. This unit features original kitchen cabinets, hardwood floors, and ceramic tile bathroom. Current rent is $1,100/month.
Second floor unit has 2 bedrooms, 1 bath, living room, dining room, and comprises the second floor at 960+/- sf. Features include original wood cabinets, formica counters, some original bathroom fixtures, and hardwood floors, and ceramic tile bathroom. Large bedroom includes 2 spacious closets. Current rent is $850/month.
$112,500 per unit
$117 per square foot
9.6 Times current actual rent (GRM)
9.0 Times projected annual rent (GRM)
7.9% Cap Rate
10.4% Projected cash-on-cash return on investment