$130,000
$130,000
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SOLD DATE : 07/31/2024
Key Details
Sold Price $130,000
Property Type Multi-Family
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
MLS Listing ID MDBA2126760
Sold Date 07/31/24
Style Other
Originating Board BRIGHT
Year Built 1920
Annual Tax Amount $448
Tax Year 2024
Property Description
INVESTOR ALERT!!! INVESTOR ALERT!!!
Ready to Add this Investment Opportunity to your portfolio.
OR
For a savvy investor Occupy 1 unit and rent the rest. Good cash flow potential up to $24,600 in yearly income for the perfect buyer.
This spacious, TRIPLEX property is located in the Harlem Park neighborhood. Each unit is on its own floor and is separately metered. The first floor unit includes two bedrooms, a full bath, kitchen. The second floor unit includes two bedrooms, one full bath, kitchen. The third floor unit includes one bedrooms, a full bath, and kitchen. With New flooring throughout. This property is JUST MINUTES to the Upton Metro Station & Grace Medical Center in Close proximity to the West Baltimore Marc Train station and everything Downtown Baltimore has to offer.
It has Easy access to major traffic artery MD Route 1 (N Monroe St). Each unit has its own individual breaker & HVAC (3 furnaces, 3 water heaters, and 3 gas/electric meters). Property currently has a Rental License for 3 Units & Each unit is occupied with current tenants. Perfect OPPORTUNITY for a first time investor. FYI:: Lease expires on one unit July 2024, and another unit is currently month to month.
Please do not disturb the tenants
**** CAP RATE 16.9% ****
* Rental License good through - April 2026.
* Lead Inspection good through - August 2025.
Please do not disturb the tenant
Property Inspections are for informational purposes only.
Buyer must verify ground rent
For Showings please contact the listing agent Tiffany along with pre-approval
Location
State MD
County Baltimore City
Zoning R-8
Rooms
Basement Connecting Stairway, Unfinished, Rear Entrance
Interior
Hot Water Other
Heating Forced Air
Cooling None
Fireplace N
Heat Source Natural Gas
Exterior
Waterfront N
Water Access N
Accessibility None
Parking Type On Street
Garage N
Building
Foundation Other
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Baltimore City Public Schools
Others
Tax ID 0316080096 006
Ownership Ground Rent
SqFt Source Estimated
Special Listing Condition Standard
Read Less Info
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Bought with Kevin Kareem Thompson • Coldwell Banker Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "