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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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Bought with Thomas H Fair • Ben Frederick Realty, Inc.