$425,000 Price Analysis   ♡   Baltimore, MD 21206 7 bed None bath 5,866 SqFt ($72/SqFt) 0.44 acre lot. Built 1920 Listed 2024-04-15, Taxes $9,605 | Ⓧ USDA Ineligible due to location near Baltimore |
Discover a premier investment choice in a highly desirable area with this multifamily property
Currently generating a total annual rental income of $56, 880, boasting a net operating income of $38, 590 and offering an attractive 8.57% cap rate. This well-maintained property features five fully occupied apartments, including four one-bedroom, one-bathroom units, each offering privacy and cnvenience. The larger three-bedroom unit includes two bathrooms, ideal for families or shared living arrangemen ts. A distinct advantage for both owner and tenants is the self-contained utility setup in each apartment, with individual gas and electric meters, heating systems and water heaters, ensuring that tenants are responsible for their own utility bills.
This arrangement enhances ease of management and tenant satisfaction. Further enhancing this investment's appeal, the property includes a manager's area in the basement that can be integrated with the three-bedroom unit to expand living space and increase rental income potential. Two detached garages, currently rented, provide additional revenue. Included in this offering is a vacant lot next door (3710 Parkside Dr), zoned for the development of a detached single-family home, (buyer to verify) presenting a lucrative opportunity for further development and investment diversification. This opportunity encapsulates both immediate returns and long-term growth potential. Act quickly to secure this multifaceted investmentPreapproval or Proof of Funds required prior to showing approval. 24 hours notice required for all showings.
Presented by Greg Cullison at
EXP Realty, LLC.
Property MLS #MDBA2121126 from BrightMLS
Heating: Yes
Garage Features: Garage - Front Entry
Parking Features: Detached Garage Spaces: 2, Driveway Spaces: 5, Off Street, Detached Garage
Parking Total: 7
Lot Size Square Feet: 19176
School District: BALTIMORE CITY PUBLIC SCHOOLS
Map directions Map directions Map directions Map directionsNumber of 1 Bedroom Units: 4
Number of 3 Bedroom Units: 1
Source Listing Status: Active
County: BALTIMORE CITY
Source Property Type: Multi-Family
Area: BALTIMORE CITY
Source Neighborhood: BALTIMORE CITY
Postal Code Plus 4: 6340
Township: Baltimore City
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $unknown + $unknown $407,000 | $9,605 |
| 2021 | $313,200 + $86,200 $399,400 | $9,425 |
| 2020 | $unknown + $unknown $383,567 | $9,052 |
| 2019 | $unknown + $unknown $367,733 | $8,637 |
| 2018 | $265,700 + $86,200 $351,900 | $8,304 |
| 2017 | $unknown + $unknown $339,100 | $8,002 |
| 2016 | $unknown + $unknown $326,300 | $7,700 |
| 2015 | $227,300 + $86,200 $313,500 | $7,363 |
| 2013 | $227,300 + $86,200 $313,500 | $7,398 |
| 2012 | $unknown + $unknown $344,600 | $8,201 |
| 2011 | $unknown + $unknown $342,633 | $8,154 |
| 2010 | $unknown + $unknown $340,666 | $8,069 |
| 2009 | $unknown + $unknown $338,700 | $8,061 |
| 2008 | $unknown + $unknown $279,612 | $6,654 |
$425,000
BrightMLS
Listed 2024-04-15
$450,000
BrightMLS
Listing removed 2023-09-22
$0
BrightMLS
Relisted 2023-05-11
$550,000
BrightMLS
Listing removed 2023-04-15
$0
BrightMLS
Listed 2023-03-08
$550,000
BrightMLS
Sold 2005-11-02
$350,000
Public Record
Sold 1981-07-13
$90,000
Public Record
Year Built: 1920
Construction Materials: Brick
Property Age: 104
Structure Type: Detached
House Style: Colonial
Total Below Grade Area: 1600
Architectural Style: Detached
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.