Baltimore, MD 21218,3510 GREENMOUNT AVE
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Baltimore, MD 21218,3510 GREENMOUNT AVE
Baltimore, MD 21218,3510 GREENMOUNT AVE
Baltimore, MD 21218,3510 GREENMOUNT AVE
Baltimore, MD 21218,3510 GREENMOUNT AVE

$350,000

Est. payment /mo

$359,000

2.5%
Est.Price: ?

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3510 GREENMOUNT AVE Baltimore, MD 21218

3,272 SqFt

SOLD DATE : 02/04/2021

Key Details

Sold Price $350,000

Property Type Multi-Family

Sub Type End of Row/Townhouse

Listing Status Sold

Purchase Type For Sale

Square Footage 3,272 sqft

Price per Sqft $106

Subdivision Guilford

MLS Listing ID MDBA534056

Sold Date 02/04/21

Style Traditional

HOA Y/N N

Abv Grd Liv Area 3,272

Originating Board BRIGHT

Year Built 1919

Annual Tax Amount $5,367

Tax Year 2020

Lot Size 3,754 Sqft

Acres 0.09

Lot Dimensions 30'7\" x 122'6\"

Property Description

Take a look at this rare opportunity to own a 3-unit apartment building in the prestigious Guilford neighborhood! 3510 Greenmount Ave is a sunny, light-filled end-unit building that houses two 2-bedroom apartments and one 1-bedroom apartment. Tenants enjoy the large, bright interior room sizes that this 3,272 sq. ft. building offers. There is extra storage space in the basement and a detached 2-car garage with electric in the rear. Amenities include common laundry for first and third floor units in the basement; and in-suite laundry in the second floor apartment. In addition to typical refrigerators and ranges, all units' kitchens have a dishwasher and garbage disposal. Thru-wall air conditioning units are installed throughout. A new owner will enjoy the building's hardy, easy-to-clean finishes, and durability of the copper water service and steel fire escapes. The building is serviced by a 2015 200,000 BTU Columbia gas-fired hot water boiler, and a 2010 74-gallon gas-fired State Select hot water heater; the owner pays for the cost of heat. The owner has hired an electrician to separate the electrical meters for each apartment and for public service. Guilford is one of Baltimore's most noteworthy historic neighborhoods, and is situated just minutes from John Hopkins Homewood Campus, Notre Dame University, and Loyola College. 3510 Greenmount Ave earns a 90 WalkScore, making it a "Walker's Paradise" where most errands can be accomplished on foot. With many nearby transit options and easy access to downtown Baltimore, this location is attractive to a variety of tenants in today's market. While this building is part of the Guilford HOA, no fees are imposed. Make an appointment to see this investment property today! Investment Summary: $359,000 Investment $119,677 per unit $110 per square foot 8.2 Times Market Rent (GRM) 8.7 Times Actual Rent (GRM) 7.65% Cap rate 11.2% Projected Cash-on-Cash Return

Location

State MD

County Baltimore City

Zoning R-5, LICENSED FOR 3 UNITS

Rooms

Basement Full, Unfinished

Interior

Hot Water 60+ Gallon Tank, Natural Gas

Heating Radiator, Hot Water

Cooling Wall Unit

Fireplace N

Heat Source Natural Gas

Exterior

Parking Features Garage - Rear Entry

Garage Spaces 2.0

Water Access N

Roof Type Asphalt,Pitched

Accessibility None

Total Parking Spaces 2

Garage Y

Building

Sewer Public Sewer

Water Public

Architectural Style Traditional

Additional Building Above Grade, Below Grade

Structure Type Plaster Walls,Paneled Walls

New Construction N

Schools

School District Baltimore City Public Schools

Others

Tax ID 0312183724 001

Ownership Fee Simple

SqFt Source Estimated

Acceptable Financing Cash, Conventional, FHA, FHA 203(b), FHA 203(k), VA

Listing Terms Cash, Conventional, FHA, FHA 203(b), FHA 203(k), VA

Financing Cash,Conventional,FHA,FHA 203(b),FHA 203(k),VA

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Thomas Fair • Ben Frederick Realty, Inc.
Bought with Magali A Christopher • Coldwell Banker Realty

Bobbi Farquhar

Advisor | License ID: 603292

+1(301) 752-3088

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