$465,000 Price Analysis    ♡   Baltimore, MD 21236 6 bed None bath 3,273 SqFt ($142/SqFt) 6,839SqFt lot. Built 1969 Listed 2024-07-14 | Ⓧ USDA Ineligible due to location near Baltimore |
Introducing a fantastic entry-level opportunity to effortlessly manage three self-contained apartments in a detached
* Sale Pending *All-brick building with vinyl replacement windows. This property offers immense upside potential to enhance kitchens and baths, allowing you to achieve higher rental rates. With easy commuting for both tenants and landlords, you'll enjoy quick 5-minute access to I-695, conveniently situated between Belair and Harford Roads for seamless travel into Baltimore County or Downtown Baltimore City. Don't miss this chance to invest in a property with both immediate and long-term benefits! Built in 1969 as a garden style 3-unit apartment building, floorplans are open and thoughtful. Each unit has a private patio or balcony, two bedrooms and one bathroom. Eat-in kitchens have ample cabinet and counter space, safe spacing wall mounted ovens and gas cook-tops. Dishwashers were added for convenience, as well as washing machines. Clothes dryers are located in the private utility rooms that are located off of the patios and balconies. Most living areas have carpeting, with vinyl tile in kitchens and ceramic tile floor in the bathrooms. Two apartments have pedestal sinks; one apartment has a wall mounted sink. All bathrooms have a full tub with ceramic tile tub-surround. With mostly drywall throughout; the first-floor apartment features some wood paneling; there exists the possibility to obtain lead-free status. This apartment building was built with significant upgrades, unlike converted dwellings that were built in the 1900s.
With a copper water main and interior copper water supply lines, an owner doesnt have to worry about costly water main upgrades in the future. Interior drain lines are PVC or copper. Each unit has its own HVAC; two apartment have gas-fired forced air furnaces; one apartment has a gas boiler. All units benefit from central air conditioning. Each apartment also has their own 40-gallon, gas-fired water heater. With three electric meters and three gas meters, tenants easily pay their own utilities. Landlords arent bothered with pesky monthly bills for public service utilities. The current owner pays for the water bill; a savvy investor would charge this back to the tenants and increase monthly cash flows. Tenants enjoy plenty of off-street parking and a large yard. The front parking lot pull-around can fit 2 cars easily and there is a large parking pad for 5 cars in the rear. Neighborhoods in Northern Baltimore City, especially those between the Harford Road and Belair Road corridors, benefit from large yards and a much less dense population. Fredkert Avenue, anchored by the Maryland School for the Blind, Parkwood Cemetery and Double Rock Park, provides ample open space, contributing to the quiet and stable atmosphere of 7704 Fredkert for investors and tenants alike. All kinds of stores and services front Blair and Harford Roads, so tenants have many options for shopping, dining and recreation. Less than two miles north, The Putty Hill Plaza is home to major retailers like Giant Food, Weis, LA Fitness and more. A mile west, to Harford Road, are more national and local tenants, like Petco, Chipolte and more, including the neighborhood favorite bar Racers Cafe. Harford and Belair Roads are popular for traveling north and south, from Downtown Baltimore and points through Baltimore County and well into Harford County. I-695, for points east and west, is 5-minutes away.
Presented by Will Cannon at
Ben Frederick Realty, Inc.
Property MLS #MDBA2132568 from BrightMLS
Heating Features: Forced Air
Heating: Yes
Lot Size Square Feet: 6838
Parking Total: 7
Number of 2 Bedroom Units: 3
Map directions Map directions Map directions Map directionsSource Listing Status: Pending
County: BALTIMORE CITY
Source Property Type: Multi-Family
Area: BALTIMORE CITY
Source Neighborhood: TAYLOR HEIGHTS
Postal Code Plus 4: 4415
Subdivision: TAYLOR HEIGHTS
Township: Baltimore City
Property Subtype: Triplex
Source System Name: C2C
$465,000
BrightMLS
Year Built: 1969
Construction Materials: Brick
Property Age: 55
Structure Type: Detached
House Style: Converted Dwelling
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.