5900 York Road,BALTIMORE, MD 21212
BALTIMORE, MD 21212
Description
Exceptional investment opportunity at 5900 York Road featuring a 27-unit mixed-use asset and a leased billboard, delivering a strong T-12 gross income of $358,380 and an attractive going-in cap rate of approximately 11.6%. This two-story building offers diversified revenue streams through residential, retail, and office spaces, further bolstered by an Enterprise Zone designation that provides significant tax incentives. Financial projections show robust growth, with Year 1 income of $400,380 scaling to $450,631 by Year 5, driving cash-on-cash returns from 16.65% to 22.04%. Ownership can benefit from immediate value-add potential via current vacancies and market-rate adjustments, while operational stability is reinforced by a newly updated roof and efficient 27% expense ratios. Strategically located along the high-visibility York Road corridor, the property features dedicated rear parking and seamless access to major transit routes, regional employment centers, and retail hubs, ensuring consistent demand and long-term occupancy.
Details
| MLS # | MDBA2224310 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1958 |
| Days On Site | 87 |
| Listing Provided By | Midfield Realty | Yaakov Kanevsky |
Features
| Zoning | C2 |
|---|
Interior
| Cooling | Other |
|---|---|
| Heating Yes / No | Yes |
| Heating | Other |
Exterior
| Roof | Asphalt |
|---|---|
| Construction Materials | Masonry |
Parking
| Garage Yes / No | No |
|---|
Taxes
| Tax Annual Amount | 36301.52 |
|---|
Area Information
| State | MD |
|---|---|
| County | BALTIMORE CITY MD |
| City | BALTIMORE |
| Zip Code | 21212 |
| Area | BALTIMORE CITY MD |
| Community Name | GOVANS |
| School District | BALTIMORE CITY PUBLIC SCHOOLS |
| High School | HERITAGE |
| Listing VS Median (in GOVANS) | |
Price: $2,445,000 low | high Med: $170,000 On site: 87 low | high Med: 62 | |
Market Activity 21212
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Learn More About This Property
| State | MD |
|---|---|
| County | BALTIMORE CITY MD |
| City | BALTIMORE |
| Zip Code | 21212 |
| Area | BALTIMORE CITY MD |
| Community Name | GOVANS |
| School District | BALTIMORE CITY PUBLIC SCHOOLS |
| High School | HERITAGE |
| Listing VS Median (in GOVANS) | |
Price: $2,445,000 low | high Med: $170,000 On site: 87 low | high Med: 62 | |