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928 Victory Ave 4 Unit Apartment Building $615,173 CAD ($153,793 CAD/Unit) 8.90% Cap Rate Brooklyn, MD 21225
Investment Highlights
- Fully leased property with four rentable units under long-term agreements.
- Recently renovated units, minimizing maintenance costs.
- Positioned in Anne Arundel County with access to major highways and employment centers.
- Strong investment metrics with an 8.9% CAP rate.
- Conveniently located between BWI Airport and Downtown Baltimore.
Executive Summary
This multi-family investment property at 928 Victory Avenue offers a fully leased building of four rentable units, each under long-term leases, ensuring consistent income for investors. The property boasts an attractive 8.9% CAP rate, making it a compelling opportunity for those seeking strong returns in the Baltimore market. Recent renovations have modernized the units, reducing near-term capital expenditure and enhancing tenant satisfaction.
Strategically located between Baltimore/Washington International (BWI) Airport and Downtown Baltimore, the property benefits from excellent connectivity to major employment hubs and transportation corridors. Its position within Anne Arundel County provides access to a diverse economic base and a growing rental demand. With an asking price of $450,000, this asset presents a rare chance to acquire a stabilized, income-producing property in a high-demand corridor.
Strategically located between Baltimore/Washington International (BWI) Airport and Downtown Baltimore, the property benefits from excellent connectivity to major employment hubs and transportation corridors. Its position within Anne Arundel County provides access to a diverse economic base and a growing rental demand. With an asking price of $450,000, this asset presents a rare chance to acquire a stabilized, income-producing property in a high-demand corridor.
Property Facts
| Price | $615,173 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $153,793 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.04 AC |
| Cap Rate | 8.90% | Building Size | 1,732 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1955 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | R15 | ||
| Price | $615,173 CAD |
| Price Per Unit | $153,793 CAD |
| Sale Type | Investment |
| Cap Rate | 8.90% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.04 AC |
| Building Size | 1,732 SF |
| No. Stories | 2 |
| Year Built | 1955 |
| Opportunity Zone |
Yes |
| Zoning | R15 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
1 1
Walk Score®
Very Walkable (82)
Property Taxes
| Parcel Number | 05-692-12500500 | Improvements Assessment | $209,159 CAD |
| Land Assessment | $27,341 CAD | Total Assessment | $236,500 CAD |
Property Taxes
Parcel Number
05-692-12500500
Land Assessment
$27,341 CAD
Improvements Assessment
$209,159 CAD
Total Assessment
$236,500 CAD
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928 Victory Ave
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