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About the Listing BFRI1 - 3099618
• 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.
Listing Highlights
Status
Pending
Days on Site
12
Property Type
Commercial Sale
MLS ®
MDBA2218640
Year Built
1930
Total Square Footage
2,616
Lot/Acreage
0.09
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Central A/C,Window Unit(s)
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No,In City Limits
- Garage Capacity: N/A
- Lot Dimensions: 100' x 40'
- Zoning: Licensed for 10 rooming units. Zoning permits this SFH with up to 10 residents and allows residential substance abuse.
- Roof: Asphalt
- Others:
- Sewer: Public Sewer
Financial Details
- Tax Amount: $3,264
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
Monthly Payment
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Questions About..
3921 Old York Rd Baltimore, MD 21218
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