Baltimore, MD 21218,2643 MARYLAND AVE
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Baltimore, MD 21218,2643 MARYLAND AVE
Baltimore, MD 21218,2643 MARYLAND AVE
Baltimore, MD 21218,2643 MARYLAND AVE
Baltimore, MD 21218,2643 MARYLAND AVE

$313,500

Est. payment /mo

$325,000

3.5%
Est.Price: ?

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2643 MARYLAND AVE Baltimore, MD 21218

2,220 SqFt

SOLD DATE : 11/25/2019

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

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Bright MLS (BMLS)
Listed by Thomas Fair • Ben Frederick Realty, Inc.
Bought with Thomas Fair • Ben Frederick Realty, Inc.

Tracy Marshall

License ID: 678268

+1(443) 306-7673

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