MLS® ID: MDBA483802

2643 MARYLAND AVENUE

BALTIMORE, Maryland, 21218

$325,000 Pending
  • 2220 SQFT
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
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Listing courtesy of Ben Frederick Realty, Inc.

Amenities

  • Full baths
    0
  • Half baths
    0
  • Zip
    21218
  • Office name
    Ben Frederick Realty, Inc.
  • Subdivision
    CHARLES VILLAGE
  • SQFT
    2220
  • Bedrooms
    0
  • Property type
    Multi-Family
  • Zoning type
    R-8
  • School district
    BALTIMORE CITY PUBLIC SCHOOLS
  • Year built
    1910
  • Lot size
    0.03
  • Sewer
    Public Sewer
  • Heating
    Forced Air,Radiator
  • Agent name
    Thomas Fair
  • Purchase Type
    Active
  • Price Range
    $300k-$400k
  • Square Feet Range
    2000-2500 sq ft.
  • Year Built Range
    1989 (and earlier)
  • Office ID
    BFRI1
  • Agent ID
    3292802

Location

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