Commercial Sale in BALTIMORE

$865,000

3901 GROVELAND, 21215, BALTIMORE, MD

Commercial Sale for sale in BALTIMORE, 3901 GROVELAND, 21215

3901 GROVELAND, 21215, BALTIMORE, MD

$865,000

Type: Commercial Sale

Description

Welcome to 3901 Groveland Ave — one of Baltimore's most compelling multifamily investment opportunities of the year. This solid brick 10-unit apartment building in the sought-after West Arlington neighborhood is already cash-flowing at 90% occupancy, bringing in $8, 355/month with a 4.95% cap rate on day one. But the real story is the upside. With in-place rents averaging just $928/unit against a market rate of $1, 478/month, you're sitting on $66, 000+ in untapped annual income — just waiting to be unlocked. Most leases are at-will, meaning you can start moving rents to market immediately. Renovate and stabilize all 10 units, and your pro forma NOI jumps to $97, 000–$137, 000+. Then convert the 11th unit on the lower level, and you've created even more value from day one. Every unit is a generous 2BR/1BA with a living room, dining room, kitchen, and hardwood-style floors. On-site laundry, off-street parking, and professional management are already in place. This is the turnkey value-add deal you've been waiting for. Serious inquiries only. Call today to schedule your private tour.

Location

3901 GROVELAND, 21215, BALTIMORE, MD

Data

Object TypeCommercial Sale
Purchase Price$865,000
Living Space0 m²
Plot Size2019.34 m²
BathroomsN/A
Construction Year1969
ConditionNot specified
RoomsN/A

Energy Information

Heating TypeForced Air, Natural Gas
Primary Energy SourceN/A
Construction Year1969
Energy CertificateN/A
Final Energy DemandN/A
Certificate Valid UntilN/A
Energy Efficiency ClassN/A

Contact Agent

Listing Agent