Cashflow portfolio 2 biens | Immeuble residentiel | À vendre | 525 732 € | Cumberland, MD

4 multi-family buildings in Cumberland MD.
Quadplex
4 large One bedroom apartments
Rent for apartment #1(Right Lower) - $900 water/sewer/trash included. Last renovated this past Jan. Lease resigned this past Jan for a year. Been with us for over 2 years. New interior paint and vinyl tiles. Tenant provides own window AC, heating is via a furnace. Washer & Dryer hookup in the kitchen.
Tenants consist of 2 retired couples, son and grandson. Income via social security and disabilities benefits. Yard is maintained by tenants.
Rent for apartment #2(Right Upper) - $600 water/sewer/trash included. Not renovated but in good condition. Lease resigned this April for a year. Been with us for over 5 years. Tenant provides own window AC and own heater. Washer & Dryer hookup in the bathroom. Tenant is a retired gentleman. Income via social security benefit and a retirement account.
Rent for apartment #3(Left Lower) - $800 water/sewer/trash included. It was renovated over 2 years ago with interior painting and vinyl tiles. Lease resigned this April for a year. Been with us over 2 years. Tenant provides own window AC, we have a gas heater in the unit. Washer & Dryer hookup in the kitchen.
Tenants consist of a couple. Husband works at a large department store while the wife works for Walmart. Yard is maintained by tenants.
Rent for apartment #4(Left Upper) - $875($25 pet rent) water/sewer/trash included. It was renovated over 2 years ago with interior painting and vinyl flooring. Lease is month to month. Been with us over 2 years. Tenant provides own window AC, and we have a gas heater in the unit. Washer & Dryer hookup in the bathroom. Tenants consist of a couple. The guy works at Rocky Gap Casino, the girl works at Cracker & Barrel. Also a sweet German Shepherd pet.
Total Gross rent is $3175. Water/Sewer/Trash is averaging $350 a month. Rental license is $25 per unit. Lead registration is $75 per unit every 2 years. Property tax is about $1800 a year.
The property comes with a large detached garage consisting of a double and a single. Currently using it as a storage, but the new owner can generate additional revenue as a storage or turn it into an ADU.
Reason for selling. I have built each property as a business to create great cash flow with solid long term tenants. I am looking to pass them down to the next owner and redeploy the funds on to the next project. I am looking for $300k on the property.
I am also willing to stay on for 3~6 months as a property manager to ensure a smooth transition. Fees are negotiable.
640/642 Columbia Avenue
Duplex building currently listed for rent at $1800.00 each with utilities included. Estimated utilities to be $300 a month max each. Property tax is about $100 a month, and insurance is about $100 a month.
Total projected gross rent is $3600. Minus utilities, property tax and insurance$2800.00 net income.
Asking $300K for this duplex property.