Converted Dwelling
3921 OLD YORK ROAD
BALTIMORE, MD 21218
MLS#: MDBA2218616
$325,000
Property
Beds
10
Full Baths
2
1/2 Baths
None
Year Built
1930
Sq.Footage
2,616
• 16.1% Projected Cash-on-Cash Return • $2,953 Projected Monthly NOI • Licensed 10-Room Congregate Housing Facility 3921 Old York Road offers a unique opportunity to acquire a licensed 10-room congregate housing facility with projected annual Net Operating Income of $35,438, or $2,953 per month, when operated at full capacity under the current operating model. Based on the financing assumptions contained in the offering materials, the property projects a 10.9% cap rate and 16.1% cash-on-cash return. The building includes ten private rooms, an administrative office, two ADA-accessible rooms, shared kitchen and laundry facilities, and a fire sprinkler system. This configuration supports a variety of housing models, including workforce housing, shared housing, transitional housing, senior housing, and other congregate living arrangements permitted by law. Located near the 33rd Street, Waverly, and Greenmount Avenue commercial corridor, residents have convenient access to Giant Food, retail shopping, laundromats, dining, and public transportation. Investors seeking strong projected cash flow, existing licensing, and flexible housing opportunities will find a compelling opportunity at 3921 Old York Road.
Features & Amenities
Interior
-
Total Bedrooms
10
-
Bathrooms
2
-
Above Grade Finished Area
2616.0
-
Basement YN
YES
-
Cooling YN
YES
-
Cooling
Central Air, Window Unit(s), Electric
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Natural Gas, Other
-
Main Level Bedrooms
3
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Frame
-
Parking
None
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.09
-
Lot Size(square feet)
4000.0
-
Property Type
Residential
-
Property Sub Type
Single Family Residence
-
Architectural Style
Converted Dwelling
Price
-
Sales Price
$325,000
-
Tax Amount
$3,264
-
Zoning
Licensed for 10 rooming units. Zoning permits this SFH with up to 10 residents and allows residential substance abuse.
-
Sq. Footage
2, 616
-
Price/SqFt
$124
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
New Construction
NO
-
Foundation Details
Stone
-
Senior Community YN
NO
-
Sewer
Public Sewer
-
Tax Lot
028
-
Water Source
Public
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Location
County
BALTIMORE CITY
Elementary School
Middle School
High School
Listing Courtesy of Will A Cannon III , Ben Frederick Realty, Inc.
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AGENT
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