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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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Bought with Avendui Lacovara • Monument Sotheby's International Realty