Baltimore, MD 21218,2653 MARYLAND AVE
Baltimore, MD 21218,2653 MARYLAND AVE
Baltimore, MD 21218,2653 MARYLAND AVE
$745,000
Est. payment /mo
$745,000
Est.Price: ?

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4,944 SqFt
SOLD DATE : 11/26/2023

Key Details

Sold Price $745,000

Property Type Commercial

Sub Type Five Or More Units

Listing Status Sold

Purchase Type For Sale

Square Footage 4,944 sqft

Price per Sqft $150

MLS Listing ID MDBA2106670

Sold Date 11/26/23

Originating Board BRIGHT

Year Built 1900

Annual Tax Amount $12,458

Tax Year 2022

Lot Size 2,400 Sqft

Acres 0.06

Property Description

2653 Maryland Avenue is an end-of-group, double-wide apartment building offering 8 comfortable one-bedroom apartments. Situated in a convenient location, these apartments are in high demand amongst young professionals and students for the numerous universities close by. With modern kitchens and bathrooms, and updated plumbing and HVAC, a new owner can enjoy steady investment returns from this turn-key property, while limiting risk with 6 out of 8 Limited Lead Free apartments.
These cozy apartments feature kitchens with laminate countertops and wood cabinets, electric ranges, stainless steel sinks with garbage disposals, and ceramic tile floors, and most apartments have built-in microwaves. These easy-to-clean, convenient amenities make cooking and cleaning a breeze for today’s busy resident. Bathrooms are updated with modern vanities, full-sized tubs with ceramic tile enclosures, and ceramic tile floors. Stylish exposed brick walls add to the modern charm of 2653 Maryland Avenue.
Six apartments enjoy wood deck space in the rear. Paid laundry is available for use in the first floor lobby.
Each apartment has its own gas-fired furnace with central air conditioning, and its own individual water heater. Each unit has its own separate gas and electric meter, allowing tenants to manage their utility consumption with ease. This promotes responsible energy usage and empowers tenants to control their utility expenses.

The owner is implementing water-bill backs as leases renew. The new owner could continue this trend to increase long-term revenue.

6 out of the 8 apartments already carry Limited Lead-Free status. For the remaining 2 apartments, a straightforward upgrade—replacing a total of 13 windows—is all it takes to align with the lead-free approach.
2653 Maryland Avenue is located just three blocks south of Johns Hopkins University Homewood campus, and two blocks south of Wyman Park Dell. Tenants enjoy a quick walk to the Charles Village Shopping District, and I-83 provides a quick commute to downtown Baltimore. 2653 Maryland Avenue garners a “Walker’s Paradise” designation, with a 94 Walk Score, a 76 Transit Score, and an 88 Bike Score, being located along the Maryland Avenue Cycle Track.

Location

State MD

County Baltimore City

Zoning R-8

Interior

Hot Water Multi-tank, Electric

Heating Forced Air

Cooling Central A/C

Heat Source Natural Gas

Exterior

Waterfront N

Water Access N

Accessibility None

Parking Type None

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Baltimore City Public Schools

Others

Tax ID 0312033637 029

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Thomas H Fair • Ben Frederick Realty, Inc.
Bought with Thomas H Fair • Ben Frederick Realty, Inc.

Jason Freeby

Real Estate Team Leader

+1(908) 443-1405

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