3422 CHESTNUT AVE Baltimore, MD 21211

Price Improvement! This 3 story, end of group Hampden investment property has 2 apartments and 1 office space on the terrace level. Hampden is artsy, lively, walkable, historic, kid-friendly and commuter friendly and is one of Baltimores hottest neighborhoods. This property cash flows as-is, but rents are low and kitchens and baths are older providing the opportunity to make improvements and increase rents accordingly. Tenants enjoy the ample sunlight that these east-facing end-of-group apartments offer, with fourteen above-grade windows. Sturdy finishes to the apartments make turnover a breeze. The first floor apartment kitchen has an original metal sink base with porcelain sink and a 30 gas range, and the bathroom has original claw foot tub and wall-mounted sink. The second floor apartment has an updated kitchen with Formica countertops and a stainless steel sink; this bathroom features a modern vanity and steel tub with vinyl tub surround. Kitchens and baths have vinyl tile flooring. The living areas have hardwood floors. Each apartment has a private porch off the rear.

Downstairs, in the office, glass block windows allow sunlight to filter through. This basement office has a suspended grid ceiling for easy utility maintenance to the apartments above. A half bathroom is provided for workers and guests.These apartments are separately metered for electric; public service utilities for both gas and electric are tied into the commercial basement meters. Both residential tenants reimburse the landlord for 1/3 each of the water & sewer bill for the property. Radiator heat throughout the building is supplied by a Columbia gas-fired boiler. One gas-fired GE water heater provides hot water to the units. Hampden has a WalkScore of 88 and BikeScore of 85. With a CrimeGrade of A it is one of Baltimores lowest-crime neighborhoods. Wyman Park is located to the east and Druid Hill Park located to the west. Tenants can easily access I-83, making Hampden an attractive location for commuters to both downtown Baltimore and points further north. Just a quick 250 foot walk get tenants fresh baked goods at Harmony Bakery, one of Hampdens newer and popular restaurants. At time of sale: First floor rents at $805, second floor rents for $925. Basement delivered vacant. Residential apartments under market rents.