Baltimore, MD 21218,2744 MARYLAND AVE
Baltimore, MD 21218,2744 MARYLAND AVE
Baltimore, MD 21218,2744 MARYLAND AVE
$261,000
Est. payment /mo
$249,000
4.8%
Est.Price: ?

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2,480 SqFt
SOLD DATE : 12/04/2020

Key Details

Sold Price $261,000

Property Type Multi-Family

Sub Type Interior Row/Townhouse

Listing Status Sold

Purchase Type For Sale

Square Footage 2,480 sqft

Price per Sqft $105

Subdivision Charles Village

MLS Listing ID MDBA528940

Sold Date 12/04/20

Style Traditional

HOA Y/N N

Abv Grd Liv Area 1,680

Originating Board BRIGHT

Year Built 1920

Annual Tax Amount $4,351

Tax Year 2019

Lot Size 2,300 Sqft

Acres 0.05

Lot Dimensions 15'4\" x 150'

Property Description

Invest in the Charles Village rental market at an affordable entry point, or add this home-run property to your existing portfolio! FHA buyers: ask about your cash-on-cash return for owner-occupant financing! 2744 Maryland Ave. contains one 1-bedroom, 2-bath apartment, and one 2-bedroom, 2-bath apartment, With a charming front porch, tile bathrooms and kitchens, in-suite laundry, and central heat and a/c, these apartments are sure to be a breeze to rent. Both units have been freshly cleaned and painted and are ready for move-in! An investor can appreciate the durable systems the owner has installed. The building has vinyl replacement windows, c-pvc plumbing, copper water main installed in 2010, and electrical upgrades circa 2006. The finished basement gives additional space for first floor apartment; and rear parking can generate added rental income. Located directly on the Maryland Avenue Cycle Track, within walking distance to Johns Hopkins Homewood campus, and close to bus routes and I-83, these apartments are appealing to commuters. 2744 Maryland Ave has a WalkScore of 85, a TransitScore of 63, and a Bike Score of 89. Make an appointment to tour this building today! Investment Summary: $249,000 $124,500 Per Unit $148 Per Sq. Ft. 8.1 Times Market Rent (GRM) 7.66% Cap Rate 11.2% Projected Cash-on-Cash Return

Location

State MD

County Baltimore City

Zoning R-6

Rooms

Basement Other

Interior

Hot Water Natural Gas

Heating Forced Air

Cooling Central A/C

Heat Source Natural Gas

Exterior

Garage Spaces 1.0

Waterfront N

Water Access N

Roof Type Rubber

Accessibility None

Parking Type Off Street

Total Parking Spaces 1

Garage N

Building

Sewer Public Sewer

Water Public

Architectural Style Traditional

Additional Building Above Grade, Below Grade

Structure Type Dry Wall,Tray Ceilings,Wood Walls

New Construction N

Schools

School District Baltimore City Public Schools

Others

Tax ID 0312033646 023

Ownership Fee Simple

SqFt Source Estimated

Acceptable Financing Cash, Conventional, FHA, FHA 203(b), FHA 203(k), VA

Listing Terms Cash, Conventional, FHA, FHA 203(b), FHA 203(k), VA

Financing Cash,Conventional,FHA,FHA 203(b),FHA 203(k),VA

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Thomas Fair • Ben Frederick Realty, Inc.
Bought with Avendui Lacovara • Monument Sotheby's International Realty

Jason Freeby

Real Estate Team Leader

+1(908) 443-1405

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