High-Return Investment Opportunity on 5900 York Road

In close proximity to major banks, grocery stores and shopping centers

PROPERTY DETAILS

Number of Units - 27

24 of 27 occupied

LAND SF

Parking 20 spaces

Stories - 02

Asking Price Subject to Offer

This 27-unit mixed-use property offers an exceptional investment opportunity, with an 11.6% cap rate from day one. Currently, the property has both vacant units and under-market rents, allowing new ownership to raise income and further enhance returns. With untapped potential for rental growth, this property presents an immediate opportunity to add value.

Located near major transit lines, this property enjoys close proximity to prominent institutions, including Loyola University Maryland, Johns Hopkins University, Johns Hopkins Hospital, and MedStar Union Memorial Hospital, which strengthen tenant demand. The area is also rich with conveniences such as major banks like PNC Bank, Wells Fargo, and Bank of America, as well as nearby shopping destinations like The Rotunda Shopping Center and Towson Town Center.

The building itself is two stories, featuring both retail and office spaces, with dedicated parking in the back. Recent upgrades include a newly updated roof, ensuring low maintenance needs for years to come.
Additionally, the property benefits from the Enterprise Zone designation, offering valuable tax advantages to the future owner.

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