Description
Great opportunity to acquire a 9 unit stabilized cash flowing property. 1 tenant -a federally and state funded Baltimore based Non Profit - Master lease in place by a Baltimore non profit till August 31, 2024. The tenant can sign an extension of 3 more years before closing, extending it to August 31, 2027. $10,500/month rent$21k security deposit. Master tenant pays for everything! (water, electricity, dumpster, light, janitorial services, etc.) Landlord is only responsible for taxes and insurance. Rental rate to increase by the greater of 5% or CPI per year, whichever is greater. Property has been completely rehabbed from top to bottom, in pristine condition with new kitchens, bathrooms, etc. Located in an Up and Coming area in Baltimore City. Great property to hedge against inflation. Tenant is just as an asset as the building.
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0BEDS
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0.15ACRES
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0BATHS
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01/2 BATHS
Description
Great opportunity to acquire a 9 unit stabilized cash flowing property. 1 tenant -a federally and state funded Baltimore based Non Profit - Master lease in place by a Baltimore non profit till August 31, 2024. The tenant can sign an extension of 3 more years before closing, extending it to August 31, 2027. $10,500/month rent$21k security deposit. Master tenant pays for everything! (water, electricity, dumpster, light, janitorial services, etc.) Landlord is only responsible for taxes and insurance. Rental rate to increase by the greater of 5% or CPI per year, whichever is greater. Property has been completely rehabbed from top to bottom, in pristine condition with new kitchens, bathrooms, etc. Located in an Up and Coming area in Baltimore City. Great property to hedge against inflation. Tenant is just as an asset as the building.
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