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Description

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.

OFFERING SUMMARY:
$225,000
$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

Property Documents

  • City: Baltimore County
  • State/county: Maryland
  • Neighborhood: Loch Raven Village
  • Country: United States

Detail

Updated on July 23, 2019 at 7:02 pm

  • Price: $225,000
  • Property Size: 1920 Sq. Ft.
  • Land Area: 0.077 acre
  • Units: 2
  • Year Built: 1949
  • Property Type: Apartment Building - Townhouse
  • Property Status: For Sale

Contact info

Tom Fair
Tom Fair
443-616-1041

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