Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1958
Sq.Footage
N/A
Financial Highlights The 27-unit property at 5900 York Road delivers strong in-place and projected cash flow, supported by T-12 gross income of $358,380 and projected Year 1 income of $400,380, growing to $450,631 by Year 5 as average rents increase from $1,067 to $1,341 per unit. Net Operating Income improves from $279,572 on a T-12 basis to $328,501 by Year 5, with expenses remaining efficient at approximately 27%. Cash flow increases steadily from $107,689 in Year 1 to $142,516 by Year 5, driving cash-on-cash returns from 16.65% to 22.04%. The asset supports conservative leverage, with DSCR ranging from 1.65x to 1.84x, and offers an attractive going-in cap rate of approximately 11.6%, expanding to an implied 13.46% by Year 5. Property Highlights This 27-unit with 1 billboard on lease asset offers immediate and scalable value-add potential through a combination of vacant units and under-market rents, allowing new ownership to enhance income from day one. The two-story building includes residential units along with retail and office space, providing diversified revenue streams, and features dedicated rear parking. Recent capital improvements include a newly updated roof, reducing near-term maintenance exposure and supporting long-term operational stability. The property also benefits from Enterprise Zone designation, offering meaningful tax incentives to future ownership. Location Highlights Located along the York Road corridor with convenient access to major transit routes and arterial roadways, the property is positioned within an established, amenity-rich area. The surrounding neighborhood includes a broad mix of employment centers, retail services, financial institutions, and shopping destinations, supporting consistent demand and long-term occupancy. Proximity to regional commercial and institutional hubs further reinforces the area’s stability and continued investment appeal.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Central Air
-
Heating YN
YES
-
Heating
Natural Gas, Forced Air
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Brick
-
Parking
On Street, Parking Lot
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Property Type
Commercial Sale
-
Property Sub Type
Retail
Price
-
Sales Price
$2,445,000
-
Tax Amount
31766.0
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
2
-
Sewer
Public Sewer
-
Tax Lot
004
-
Water Source
Public
Schedule a Showing
Showing scheduled successfully.
Mortgage calculator
Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.
Your payment
Principal and Interest:
$
Property taxes:
$
HOA fees:
$
Total loan payment:
$
Total interest amount:
$
Location
County
BALTIMORE CITY
Elementary School
Middle School
High School
Listing Courtesy of Yaakov Kanevsky , Midfield Realty
RealHub Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
AGENT
Jennifer Alt
Call Jennifer today to schedule a private showing.
* Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request.© 2024 FMLS.