26 Warren St 11 Unit Apartment Building Offered at $1,534,720 CAD Aberdeen, MD 21001

Rare-11 unit apartment building with an extra garage unit for sale in Aberdeen Maryland! This property sits on a .42 acre lot with on-site parking. It is comprised of (6) 1 bedroom units, (4) 2 bedroom units, (1) 3 bedroom units, and (1) 2 car garage. The rent roll is attached to the documents section. Total Annual rents currently are $130,020, and are significantly below market rate per unit! There are many long term tenants in place. The building has up to date lead certificates and all tenants are on monthly lease terms. This site sits in Aberdeen near APG with direct access to Rt 40 with quick access to I-95 and Rt 7. The site is surrounded by commercial and residential development with a constant demand for affordable residential apartment units. The apartment building is near full occupancy and would be a great addition to any investor's portfolio. Multi-Family rental properties in Harford County and particularly Aberdeen are in very short supply with traditionally low vacancy rates.
Site Details:
Price: $1,100,000 ($100k per door)
Parcel Size: .42 Acres
Building Size: 7,224 SF
Year Built: 1935
Zoning: R2
Roof: Architectural roof replaced 3 years ago
Utilities: Public Water & Sewer & Natural Gas
Current rent roll: $130,020 / year ($950 average rent per unit)
Projected rent roll: $169,800 / year ($1250 average rent per unit)
Unit Composition: 11 apartment units + 1 garage unit
(1) 3 bedroom unit
(6) 1 bedroom units
(4) 2 bedroom units
(1) 2 car garage
54,000 people living within 5 miles of the site
$114,000 average household income within 5 miles of the site
35,000 Cars per day passing the site on S Philadelphia Blvd