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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 3,010 sqft
Price per Sqft $157
MLS Listing ID MDBA2119072
Sold Date 05/03/24
Style Other
Abv Grd Liv Area 3,010
Originating Board BRIGHT
Year Built 1900
Annual Tax Amount $2,993
Tax Year 2023
Property Description
Welcome to 141 E North Ave, an exceptional investment prospect nestled in the vibrant and revitalized Station North neighborhood of Baltimore, Maryland. Priced at $425,000 this multi-family building comprises three fully occupied units, currently yielding a total rent of $3,711 monthly, while presenting the promising opportunity to reach market rents of $4,185. 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 guaranteeing a steady demand for rentals in the vicinity.
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, white cabinets, granite counters, 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 Hot Water
Cooling Other
Fireplace N
Heat Source Other
Exterior
Waterfront N
Water Access N
Accessibility None
Parking Type Other
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 020
Ownership Other
Special Listing Condition Standard
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Bought with Lindsay Chapman • Keller Williams Capital Properties