2643 Maryland Avenue

    BALTIMORE, MD 21218
    • $325,000
    • STATUS: Active
    • ON SITE: 4 days
    • ID#: MDBA483802
    UPDATED: 35 min ago
    $325,000
    • 0
      BEDS
    • 0.03
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,220
      SQFT
    • $146
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1910
    County:

    School Ratings & Info

    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

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    ©2019 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2019-09-16T11:54:13.407.
    www.kathystoneteam.com/homes/98874008

    2643 Maryland Avenue BALTIMORE, MD 21218

    • Price: $325,000
    • Status: Active
    • Updated: 35 min ago
    • ID#: MDBA483802
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.03
    Acres
    2,220
    SQFT
    $146
    $/SQFT
    1910
    Built
    Neighborhood:
    Charles Village
    County:
    Baltimore City
    School District:
    Baltimore City Public Schools
    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
    Exterior Features

    Architectural Style Traditional Construction Materials BrickStone Garage YN No Other Structures Above GradeBelow Grade Parking Features Assigned Parking Types On StreetOff Site Pool No Pool Property Condition Shows WellTurn Key Riparian Rights YN No Roof Flat View Street Water Access YN No Water Oriented YN No Waterfront YN No

    Interior Features

    Above Grade Fin SQFT 2220 Appliances Oven/Range - GasRefrigerator Basement OtherFullUnfinished Basement YN Yes Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Central A/CWindow Unit(S)Other Exclusions Tenants' Possessions Flooring LaminatedVinyl Heating Forced AirRadiator Heating YN Yes Interior Features Combination Kitchen/DiningFloor Plan - TraditionalKitchen - Eat-InSkylight(S) Security Features Window Grills Single Room Units 0 Three Bedroom Units 0 Two Bedroom Units 0 Walls Ceilings Dry Wall

    Property Features

    Acceptable Financing FhaCashConventional Accessibility Features None Assessment Year 2019 Association YN No Central Air YN Yes Cooling Fuel Electric Electric 200+ Amp ServiceCircuit BreakersSingle Phase Foundation Details Stone Gross Income 36180.00 Ground Rent Payment Frequency Annually Heating Fuel Natural Gas Hot Water Multi-TankNatural Gas Incorporated City Name Baltimore City Navigable Water YN N Net Operating Income 25251.00 New Construction YN No Number Of Units Leased 3 Number Of Units Total 3 Number Of Units Vacant 0 Operating Expense 6500.00 Operating Expense Includes Insurance Original MLSNumber 302038876328 Owner Pays InsuranceRepairsTaxes - Real EstateWater Ownership Interest Fee Simple Possession ImmediateNegotiable Property Sub Type Triplex Rent Control YN No Sale Type Standard Section 03 Sewer Public Sewer Structure Design Type Row/Townhouse Tax Annual Amount 4491.0 Tax Assessment Amount 190300.0 Tax Lot 035 Total Actual Rent 36180.00 Vacation Rental YN No Water Source Public Window Features Double PaneBay/Bow Year Built Effective 2005 Zoning R-8

    Listing courtesy of Ben Frederick Realty, Inc..
    ©2019 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2019-09-16T11:54:13.407.
     
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