942 1st, Brooklyn, MD 21225

This 10-property, 19-unit portfolio in Anne Arundel County is being brought to market at $89,473 per unit, approximately 11% below the area’s average sales price of $100,217 per unit. The portfolio generates a strong day-one cap rate of 7.26%, with a clear path to a stabilized cap rate of 11.4% through strategic rent increases and modest unit improvements. Current average rents across the portfolio are approximately $1,000 per unit, while market rents in the area average $1,400, presenting an immediate $500/month per unit income upside. Once stabilized at market rents, the portfolio has the potential to achieve a cap rate of approximately 11.4%, making this a compelling opportunity for investors see This 10-property, 19-unit portfolio in Anne Arundel County presents an exceptional investment opportunity with a mix of 2–3 bedroom brick duplexes and a rowhome, all featuring basements and efficient layouts perfect for rental income. The units are largely move-in ready, boasting updated … read more …