$350,000
$359,000
2.5%For more information regarding the value of a property, please contact us for a free consultation.
3510 GREENMOUNT AVE Baltimore, MD 21218
3,272 SqFt
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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Bought with Magali A Christopher • Coldwell Banker Realty
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