Under contract

3921 OLD YORK Rd, Baltimore, MD 21218

Beds
10
Baths
2
Sqft
2,616

View property features, location on map, relevant school information and overview from seller's agent.

Listed byBen Frederick Realty, Inc.
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Overview

• 16.1% Projected Cash-on-Cash Return

• $2,953 Projected Monthly NOI

• Licensed 10-Room Congregate Housing Facility

3921 Old York Road offers a unique opportunity to acquire a licensed 10-room congregate housing facility with projected annual Net Operating Income of $35,438, or $2,953 per month, when operated at full capacity under the current operating model. Based on the financing assumptions contained in the offering materials, the property projects a 10.9% cap rate and 16.1% cash-on-cash return.

The building includes ten private rooms, an administrative office, two ADA-accessible rooms, shared kitchen and laundry facilities, and a fire sprinkler system. This configuration supports a variety of housing models, including workforce housing, shared housing, transitional housing, senior housing, and other congregate living arrangements permitted by law.

Located near the 33rd Street, Waverly, and Greenmount Avenue commercial corridor, residents have convenient access to Giant Food, retail shopping, laundromats, dining, and public transportation. Investors seeking strong projected cash flow, existing licensing, and flexible housing opportunities will find a compelling opportunity at 3921 Old York Road.

Location

Full feature list

Basic info

Property type
Other residential
Number of stories
2
Number of bedrooms
10
Number of bathrooms
2
Square feet
2,616
Lot size (acres)
0.09
Year built
1930

Interior features

Basement
Yes, Partially finished

Utilities

Heating
Natural Gas
Cooling
Window Units, Central Air
Sewer
Public Sewer
Water
Public Water

Taxes

Tax Annual Amount (2025)
$3,264

Public schools

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Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: Bright MLS MLS®#: MDBA2218616 Last checked:

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