It is possible to both own a statement property and make a lot of money! This showcase triplex (called "B&A Bungalows") sits at a corner location on B&A Blvd. It's been lauded by the community as a property that has been wonderfully renovated and operated. The fully fenced corner lot has four off-street parking spaces + a carport, a separate shed with power, and a large landscaped yard. The building consists of a 3 bedroom apartment on the ground floor and 2 separate studios on the bottom floor. The upstairs and downstairs are separately metered. The property was fully renovated in the '21 - '22 timeframe. This included on the exterior: new fencing, upgraded parking, upgraded landscaping, new paint, new exterior LED lighting, new awnings, new roof and gutters on main building and shed, among others. This included on the interior: completely remodeled with paint, lighting, flooring, baseboard heaters, window mounted a/c's, new bathrooms, new appliances (fridge, washer/dryer, etc), etc, etc. There is a boiler that provides for hot water and heat upstairs that is < 10 years old and in great shape. The upstairs includes a beautiful original wood flooring that was rehabilitated. Bottom line - no deferred maintenance. It is fully legal (permits and licenses) and lead free. The building is fully leased and very easy to occupy. It brings in $52,740 in annual gross rent from the 3 units. It is being sold at a current cap rate of 8.0%, based on actuals. Showing requirements: we will not show the property unless a potential buyer has driven by it and provides some proof of funds or financing. We will not carry financing.
Glen Burnie is located in Maryland. Glen Burnie, Maryland has a population of 69,739. Glen Burnie is less family-centric than the surrounding county with 27.03% of the households containing married families with children. The county average for households married with children is 33.77%.
The median household income in Glen Burnie, Maryland is $80,458. The median household income for the surrounding county is $108,048 compared to the national median of $69,021. The median age of people living in Glen Burnie is 38.2 years.
The average high temperature in July is 89.2 degrees, with an average low temperature in January of 28.1 degrees. The average rainfall is approximately 42 inches per year, with 14.1 inches of snow per year.
