$289,000
$289,000
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2737 MARYLAND AVE Baltimore, MD 21218
1,624 SqFt
Key Details
Sold Price $289,000
Property Type Multi-Family
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 1,624 sqft
Price per Sqft $177
Subdivision Charles Village
MLS Listing ID MDBA499408
Sold Date 07/09/20
Style Traditional
HOA Y/N N
Abv Grd Liv Area 1,624
Originating Board BRIGHT
Year Built 1920
Annual Tax Amount $4,465
Tax Year 2019
Lot Size 1,401 Sqft
Acres 0.03
Lot Dimensions 14'8\" x 95'
Property Description
Now Fully Leased! Near Johns Hopkins University Homewood Campus: 2737 Maryland Ave houses 3 1-bedroom, 1-bath apartments.Exposed brick walls and wood floors add a sense of character and charm to these large full-floor one-bedroom units, making them easy to rent. Below-market rents provide an opportunity to add value and increase rents, all while investing in the Charles Village apartment market at an affordable entry point.Each unit has its own electric meter, gas meter, and gas-fired furnace. Tenants each pay their portion towards public service meters (including gas for shared hot water heater) and water, making this investment especially profitable for a new owner.Being located directly on the Maryland Avenue Cycle Track appeals to the growing number of commuters.This building is also convenient for bus commuters, and provides easy access to I-83. 2737 Maryland Ave has a Walk Score of 88, a Transit Score of 64, and a Bike Score of 89.Schedule an appointment to see this income-producing property today!Investment Summary:$289,000 $178 Per Sq. Ft. $96,333 Per Unit 9.2 Times Actual Rent (GRM) 8.7 Times Market Rent (GRM) 9.9% Projected Cash-on-Cash Return
Location
State MD
County Baltimore City
Zoning R-8
Rooms
Basement Other
Interior
Interior Features Wood Floors, Stall Shower, Skylight(s), Kitchen - Table Space, Kitchen - Efficiency
Hot Water Natural Gas
Heating Forced Air
Cooling Window Unit(s)
Flooring Ceramic Tile, Partially Carpeted, Vinyl, Wood, Laminated
Heat Source Natural Gas
Exterior
Water Access N
Roof Type Rubber
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
Architectural Style Traditional
Additional Building Above Grade, Below Grade
Structure Type Brick,Dry Wall,Paneled Walls,Plaster Walls
New Construction N
Schools
School District Baltimore City Public Schools
Others
Tax ID 0312033647 011
Ownership Ground Rent
SqFt Source Estimated
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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Bought with Tyler Gruzs • Century 21 Certified Realty Group, LLC
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