$313,500
$325,000
3.5%For more information regarding the value of a property, please contact us for a free consultation.
2643 MARYLAND AVE Baltimore, MD 21218
2,220 SqFt
Key Details
Sold Price $313,500
Property Type Multi-Family
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 2,220 sqft
Price per Sqft $141
Subdivision Charles Village
MLS Listing ID MDBA483802
Sold Date 11/25/19
Style Traditional
HOA Y/N N
Abv Grd Liv Area 2,220
Originating Board BRIGHT
Year Built 1910
Annual Tax Amount $4,491
Tax Year 2019
Lot Size 1,140 Sqft
Acres 0.03
Lot Dimensions 14'3\"x80'
Property Description
Located in Historic Charles Village, this 3-story brick townhome features 3 full sized 1-bedroom apartments, completely gut-rehabbed in 1991 with upgraded kitchens and baths in 2005.These large, well-lit apartments collect top-dollar rent. Each apartment is separately metered for gas and electric, and each has in-unit washer/dryer. Well-kept, clean apartments with modern amenities ensure quick tenant turnovers at little cost. This building is certified lead-free, so only a quick exterior inspection every 2 years is needed to satif MDE requirements.This building has vinyl replacement windows throughout, a 90# mineral felt roof, and brick and concrete foundation. All kitchens and bathrooms have tile floors, with laminate/pergo flooring in living areas. Copper water main, with a mix of copper and pvc water pipes. First floor has gas-fired forced-air furnace with central air conditioning; second floor utilizes hot water radiator heat; and third floor is served by a gas-fired forced-air furnace. Each unit has its own Rheem 40-gal gas water heater, dated 2015-2016. This building is centrally located in Charles Village between Hopkins University, MICA, and University of Baltimore. It features a Walk Score of 79, a Transit Score of 59, and a Bike Score of 58.INVESTMENT SUMMARY: $325,000 investment $108,333 per unit $146 per square foot 9.0 times gross annual rent 7.8% cap rate 9.8% cash-on-cash return on investment. Rents at time of sale: $1050- #1; $970-#2; $995-#3
Location
State MD
County Baltimore City
Zoning R-8
Rooms
Basement Other, Full, Unfinished
Interior
Interior Features Combination Kitchen/Dining, Floor Plan - Traditional, Kitchen - Eat-In, Skylight(s)
Hot Water Multi-tank, Natural Gas
Heating Forced Air, Radiator
Cooling Central A/C, Window Unit(s), Other
Flooring Laminated, Vinyl
Equipment Oven/Range - Gas, Refrigerator
Window Features Double Pane,Bay/Bow
Appliance Oven/Range - Gas, Refrigerator
Heat Source Natural Gas
Exterior
Garage Spaces 1.0
Water Access N
View Street
Roof Type Flat
Accessibility None
Total Parking Spaces 1
Garage N
Building
Foundation Stone
Sewer Public Sewer
Water Public
Architectural Style Traditional
Additional Building Above Grade, Below Grade
Structure Type Dry Wall
New Construction N
Schools
School District Baltimore City Public Schools
Others
Tax ID 0312033637 035
Ownership Fee Simple
SqFt Source Assessor
Security Features Window Grills
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Thomas Fair • Ben Frederick Realty, Inc.
GET MORE INFORMATION