$425,000 Price Analysis 3712 Parkside DrBaltimore, 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 |
Currently generating a total annual rental income of $56, 880, boasting a net operating income of $38, 590 and offering an attractive 9.08% cap rate. This well-maintained property features five fully occupied apartments, including f our one-bedroom, one-bathroom units, each offering privacy and convenience. The larger three-bedroom unit includes two bathrooms, ideal for families or shared living arrangements. 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 enhncing 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
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 |
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.