MLS#MDBA2218640
STATUSPENDING
PROPERTY TYPECommercial - Business
SUBDIVISIONPEN LUCY
SCHOOLBALTIMORE CITY PUBLIC SCHOOLS
Property Description
• 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.
Property Features
Property Type: Commercial - Business
Cooling: Central A/C, Window Unit(s)
Fuel Type: Natural Gas
Lot Size: 0.09 Acres
Roof Type: Asphalt
Taxes: $3,264
Year Built: 1930
Feature Descriptions
Accessibility: Ramp - Main Level
Days on Site: 1
Electric: 200+ Amp Service
Exterior: Frame
Lot Dimensions: 0.09 Acre(S)
Municipality: Baltimore City
Sewer: Public Sewer
Total Garage/Parking Spaces: 0
Water: Public
Local Schools
School District: BALTIMORE CITY PUBLIC SCHOOLS
Listed By / Shown By
Listed By
Agency Name: Ben Frederick Realty, Inc.
Agency Phone: 4102359500
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0040
3921 Old York Road | MLS# MDBA2218640
This commercial property located at 3921 Old York Road, Baltimore, MD 21218 is currently listed for sale with an asking price of $325,000. Old York Road is located within the BALTIMORE CITY PUBLIC SCHOOLS school district. Search Baltimore real estate on www.realtymark.net today.