7689 BALTIMORE ANNAPOLIS BOULEVARD, GLEN BURNIE, MD 21060

It is possible to both own a statement property and make a lot of money!  This showcase triplex (called "B&A Bungalows") sits at a corner location on B&A Blvd.  It's been lauded by the community as a property that has been wonderfully renovated and operated.  The fully fenced corner lot has four off-street parking spaces + a carport, a separate shed with power, and a large landscaped yard.  The building consists of a 3 bedroom apartment on the ground floor and 2 separate studios on the bottom floor.  The upstairs and downstairs are separately metered.  The property was fully renovated in the '21 - '22 timeframe.  This included on the exterior:  new fencing, upgraded parking, upgraded landscaping, new paint, new exterior LED lighting, new awnings, new roof and gutters on main building and shed, among others.  This included on the interior:  completely remodeled with paint, lighting, flooring, baseboard heaters, window mounted a/c's, new bathrooms, new appliances (fridge, washer/dryer, etc), etc, etc.  There is a boiler that provides for hot water and heat upstairs that is < 10 years old and in great shape.  The upstairs includes a beautiful original wood flooring that was rehabilitated.  Bottom line - no deferred maintenance.It is fully legal (permits and licenses) and lead free.The building is fully leased and very easy to occupy.  It brings in $52,740 in annual gross rent from the 3 units.  It is being sold at a current cap rate of 8.0%, based on actuals.Showing requirements:  we will not show the property unless a potential buyer has driven by it and provides some proof of funds or financing.  We will not carry financing.