4008 PRIMROSE AVENUE

Property Description

**Turnkey 8-Unit End-of-Group Multifamily in Baltimore City's Glen Neighborhood**

**Current Gross Scheduled Annual Income: $84,588**

Excellent opportunity to acquire a fully occupied brick apartment building comprised of eight residential units. The unit mix includes four studio apartments and four one-bedroom, one-bath units, offering a balanced layout for strong rental appeal. The property is zoned R-4 and currently licensed for six dwelling units, with approximately 2,480+- square feet of gross living space.

The building features a durable rubber roof on the main structure, with an asphalt shingle roof covering the hallway addition. Many of the windows have been updated to vinyl replacements. A gravel parking area at the rear provides convenient off-street parking for up to eight vehicles.

Heating is supplied by six Goodman gas furnaces serving the original units, along with a heat pump for the two newer apartments. Most units are equipped with window air-conditioning. Hot water is provided by six Rheem gas water heaters and one electric Rheem unit. Utility configuration includes seven electric meters and six gas meters. Plumbing lines consist of C-PVC supply lines and PVC drain lines. Private dumpster rental is used and costs around $250/month from NWE.

Each apartment includes a full kitchen outfitted with a 30-inch gas range, refrigerator, stainless steel sink, and wood cabinetry, with a mix of laminate and granite countertops and select shaker-style cabinet upgrades. Bathrooms feature updated vanities and either shower stalls or cast-iron tubs. Flooring throughout the building is primarily luxury vinyl plank or tile, with ceramic tile in select kitchens and baths.

Each unit includes an in-unit stacked washer and dryer, with the exception of Units B3 and 1B, which share a common washer and dryer. Five units hold lead-free certifications, while the remaining three have full risk-reduction certificates in compliance with MDE requirements.

A solid income-producing asset with strong fundamentals and practical upgrades already in place.

Overview

Property Status

Active Under Contract

Lot Size

0.34 Acres

MLS ID

MDBA2204776

Property Type

Commercial

Year Built

1940

Features & Amenities

Total Area

2,840 Sq.Ft.

Water Source

Public

Parking

Parking Lot

Heat Type

Natural Gas, Forced Air

Air Conditioning

Window Unit(s), Electric

Appliances

Gas Water Heater

Sewer

Public Sewer

School District

BALTIMORE CITY PUBLIC SCHOOLS

Sales Price

$474,950

Real Estate Tax

$5,474/yr

Zoning

R-4

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for your interest in 4008 PRIMROSE AVENUE, BALTIMORE, MD 21215

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