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2643 Maryland AVENUE, Baltimore, MD 21218 (MLS # MDBA483802)

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PRICE $325,000
BEDS 3
BATHS 3 full
HOME SIZE 2,220 sq ft
LOT SIZE 1,140 sqft

Located in Historic Charles Village, this 3-story brick townhome features 3 full sized 1-bedroom apartments, completely gut-rehabbed in 1991 with upgraded kitchens and baths in 2005.These large, well-lit apartments collect top-dollar rent. Each apartment is separately metered for gas and electric, and each has in-unit washer/dryer. Well-kept, clean apartments with modern amenities ensure quick tenant turnovers at little cost. This building is certified lead-free, so only a quick exterior inspection every 2 years is needed to satif MDE requirements.This building has vinyl replacement windows throughout, a 90# mineral felt roof, and brick and concrete foundation. All kitchens and bathrooms have tile floors, with laminate/pergo flooring in living areas. Copper water main, with a mix of copper and pvc water pipes. First floor has gas-fired forced-air furnace with central air conditioning; second floor utilizes hot water radiator heat; and third floor is served by a gas-fired forced-air furnace. Each unit has its own Rheem 40-gal gas water heater, dated 2015-2016. This building is centrally located in Charles Village between Hopkins University, MICA, and University of Baltimore. It features a Walk Score of 79, a Transit Score of 59, and a Bike Score of 58.INVESTMENT SUMMARY: $325,000 investment $108,333 per unit $146 per square foot 9.0 times gross annual rent 7.8% cap rate 9.8% cash-on-cash return on investment

DAYS ON MARKET 4 LAST UPDATED 9/11/2019
YEAR BUILT 1910 COMMUNITY Baltimore City
COUNTY Baltimore City STATUS Active
PROPERTY TYPE(S) Multi-Family, Multi-Family / Triplex, Residential Income / Row/Townhouse

SCHOOLS
School District Baltimore City Public Schools


ADDITIONAL DETAILS
ACCESSIBILITY FEATURES None
APPLIANCES Oven/Range - Gas, Refrigerator
ARCHITECTURAL STYLE Traditional
AUTOMATICALLY UPDATE TAX VALUES Y/N Y
BASEMENT TYPE Full, Other, Unfinished
BASEMENT YN Y
CENTRAL AIR YN Y
CITY/TOWN TAX 4277.00
CITY/TOWN TAX PYMNT FREQ Annually
CONSTRUCTION MATERIALS Brick, Stone
COOLING FUEL Electric
COOLING TYPE Central A/C, Other, Window Unit(s)
COUNTY TAX 213.00
COUNTY TAX PYMNT FREQ Annually
ELECTRIC SERVICE 200+ Amp Service, Circuit Breakers, Single Phase
EXCLUSIONS Tenants' Possessions
FLOORING TYPE Laminated, Vinyl
FOUNDATION DETAILS Stone
HEATING FUEL Natural Gas
HEATING TYPE Forced Air, Radiator
HEATING YN Y
HOT WATER Multi-tank, Natural Gas
IN CITY LIMITS YN Y
INCOME INCLUDES Apartment Rentals
INTERIOR FEATURES Combination Kitchen/Dining, Floor Plan - Traditional, Kitchen - Eat-In, Skylight(s)
LAND USE CODE 003
LISTING AGREEMENT TYPE Exclusive Right
LISTING SERVICE TYPE Full Service
LIVING AREA SQFT SOURCE Assessor
LOT SIZE DIMENSIONS 14'3"x80'
LOT SIZE SOURCE Assessor
LOT SIZE UNITS Square Feet
MUNICIPAL TRASH Y/N Y
NAVIGABLE WATER YN N
ONE BEDROOM UNITS COUNT 3
OPERATING EXPENSE 6500.00
OPERATING EXPENSE INCLUDES Insurance
OTHER UNITS Unit 1, Unit 2, Unit 3
OWNER PAYS Insurance, Repairs, Taxes - Real Estate, Water
OWNERSHIP INTEREST Fee Simple
PARKING FEATURES Assigned
PHOTO OPTION Lister Will Upload All
POOL No Pool
POSSESSION Immediate, Negotiable
PRICE PER SQFT 146.4
PROPERTY CONDITION Shows Well, Turn Key
PROPERTY SUB TYPE Triplex
PROPERTY TYPE Multi-Family
RIPARIAN RIGHTS YN N
ROOF Flat
SCHOOLDISTRICTSOURCE Listing Agent
SECURITY FEATURES Window Grills
SEWER SEPTIC Public Sewer
SINGLE ROOM UNITS COUNT 0
STANDARD STATUS Active
STRUCTURE TYPE Row/Townhouse
SUB SYSTEM LOCALE BRIGHT_MAIN
TAX ANNUAL AMOUNT 4491.0
TAX ASSESSED VALUE 190300.0
TAX LOT 035
TAX TOTAL FINISHED SQFT 2220
TAX YEAR 2019
THREE BEDROOM UNITS COUNT 0
TIDAL WATER YN N
TOTAL SQFT SOURCE Assessor
TOTAL TAXES PYMNT FREQ Annually
TRANSPORTATION Bus Stop less than 1 mile
TWO BEDROOM UNITS COUNT 0
TYPE OF PARKING Off Site, On Street
VACATION RENTAL YN N
VIEW Street
WALL & CEILING TYPES Dry Wall
WATER ACCESS YN N
WATER ORIENTED YN N
WATER SOURCE Public
WATER VIEW YN N
WATERFRONT YN N
WINDOW FEATURES Bay/Bow, Double Pane
YEAR ASSESSED 2019
YEAR BUILT SOURCE Public Records
YEAR MAJOR RENO/REMODEL 2005
ZONING R-8

ZESTIMATE
$323329  2643 Maryland AVENUE, Baltimore, MD

RENT ZESTIMATE
$1800 / mo.  2643 Maryland AVENUE, Baltimore, MD

93 Walker's Paradise



 
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Listed with Ben Frederick Realty, Inc.
Information is deemed reliable but not guaranteed.
Copyright © 2019 Bright MLS, Inc.
Last Updated: 9/14/19 11:10 PM PDT