$150,000
$159,900
6.2%For more information regarding the value of a property, please contact us for a free consultation.
1,470 SqFt
SOLD DATE : 12/05/2023
Key Details
Sold Price $150,000
Property Type Multi-Family
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 1,470 sqft
Price per Sqft $102
Subdivision Gardenville
MLS Listing ID MDBA2097472
Sold Date 12/05/23
Style Converted Dwelling
Abv Grd Liv Area 1,182
Originating Board BRIGHT
Year Built 1927
Annual Tax Amount $1,729
Tax Year 2022
Lot Size 1,859 Sqft
Acres 0.04
Property Description
Price Reduction! Great buy for an investor or a user. This property has been recently renovated and more recently refreshed. The many updates include a recent rubber membrane roof. A fully equipped beauty salon could be adapted for other uses, such as a nail salon, spa or barber shop. it is spotless and turn key. Above is a spacious renovated apartment with a renovated kitchen containing stainless steel appliances and white cabinets. The original hardwood floors are refinished. There is also a roof deck. The property is being delivered vacant. The market value rents are $950 for the apartment and $1250 for the salon. The tenants pay most utilities. The current taxes are low. The property has great numbers as an investment property. The cap rate would be over 12%. There is a large fenced back yard that could be used for parking. However, parking is also abundant on the street. This would also be a good candidate for live in part and rent part or live where you work. It is an attractive block with a heavy traffic flow and high visibility. It is also about a block from a lovely park. It is located convenient to Hopkins Hospital and downtown. It's also just a few miles 'west of I-95. This is perfect for a first time investor. It's ready to rent and will have a great positive cash flow.
Location
State MD
County Baltimore City
Zoning R-7*
Rooms
Basement Connecting Stairway, Interior Access, Improved, Water Proofing System, Full
Interior
Interior Features Floor Plan - Traditional, Other, Wood Floors
Hot Water Natural Gas
Heating Baseboard - Electric
Cooling Wall Unit, Window Unit(s)
Flooring Hardwood, Vinyl
Equipment Oven - Double, Refrigerator, Stainless Steel Appliances
Fireplace N
Appliance Oven - Double, Refrigerator, Stainless Steel Appliances
Heat Source Electric
Exterior
Exterior Feature Deck(s)
Garage Spaces 6.0
Utilities Available Electric Available, Natural Gas Available, Phone, Sewer Available, Other
Water Access N
View City
Accessibility None
Porch Deck(s)
Total Parking Spaces 6
Garage N
Building
Lot Description Front Yard, Rear Yard
Foundation Other
Sewer Public Sewer
Water Public
Architectural Style Converted Dwelling
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Baltimore City Public Schools
Others
Tax ID 0327015898H003A
Ownership Ground Rent
SqFt Source Estimated
Acceptable Financing Cash, Other
Listing Terms Cash, Other
Financing Cash,Other
Special Listing Condition Standard
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Bought with Constance K Bennett • Keller Williams Metropolitan