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Key Details
Sold Price $475,000
Property Type Multi-Family
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 3,060 sqft
Price per Sqft $155
MLS Listing ID MDBA2112160
Sold Date 03/01/24
Style Other
Abv Grd Liv Area 3,060
Originating Board BRIGHT
Year Built 1900
Annual Tax Amount $9,210
Tax Year 2023
Property Description
Welcome to 139 E North Ave, an exceptional investment prospect nestled in the vibrant and revitalized Station North neighborhood of Baltimore, Maryland. Priced at $450,000.00, this multi-family building comprises three fully occupied units, currently yielding a total rent of $3,665, while presenting the promising opportunity to reach market rents of $4,285. Boasting immediate income potential, this property is strategically positioned in a thriving locale, just minutes away from the bustling downtown Baltimore area. Don’t overlook the chance to seize this sound investment, characterized by stable occupancy rates and the promise of lucrative returns in a neighborhood on the rise
PRIME LOCATION: Situated in Baltimore, the property is close to MICA, Johns Hopkins, and Baltimore University ensuring a constant demand from students and professionals. With easy access to Penn Station, local job markets, and the I-83 highway, it’s a prime location for convenience and connectivity.
IMMEDIATE ROI: With tenants already in place, this property offers immediate investment potential, ensuring a favorable return on investment from day one.
HOUSE HACK POTENTIAL: Possibility of house hack, living in one of the units and renting the other two. With this approach, the homeowner lives rent-free.
CONVENIENT ACCESSIBILITY: Situated on a high-traffic road, the property ensures easy access to major highways such as HWY 40, 83, and 2, enhancing both visibility and convenience for residents.
LUXURIOUS INTERIORS: All units feature wood flooring, new carpets, granite counters, high-end fixtures, modern stainless steel kitchen appliances, HVAC and washer and dryer in the unit.
Location
State MD
County Baltimore City
Zoning OR-1*
Interior
Hot Water Other
Heating Heat Pump(s)
Cooling Other
Fireplace N
Heat Source Other
Exterior
Waterfront N
Water Access N
Accessibility None
Garage N
Building
Sewer Other
Water Other
Architectural Style Other
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Baltimore City Public Schools
Others
Tax ID 0312090390 019
Ownership Other
Special Listing Condition Standard
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Bought with Amoni Woodby • RE/MAX Ikon