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5122 Main Street
Grasonville, MD 21638
Asking Price
$250K
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
Multifamily | 5 Units <ul><li>5 unit apartment building in Grasonville, Queen Anne's County</li><li>Located 0.4 mile south of US-50 near the US-50/US-301 interchange</li><li>8 miles east of the Chesapeake Bay Bridge</li><li>Convenient location for tenants commuting throughout the Eastern Shore and Annapolis areas</li><li>4 of 5 units currently rented for $3,000/month ($36,000/year)</li><li>Excellent upside potential with one vacant unit</li><li>Gravel parking area for 8+ cars</li></ul>
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NOI
$80,000
Cap Rate
32.00%
DSCR
5.39
Strong
Cash-on-Cash
86.88%
Monthly Payment
$1,236.864
Annual Cash Flow
$65,157.637