Baltimore, MD 21205,502 N COLLINGTON AVE
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Baltimore, MD 21205,502 N COLLINGTON AVE
Baltimore, MD 21205,502 N COLLINGTON AVE
Baltimore, MD 21205,502 N COLLINGTON AVE
Baltimore, MD 21205,502 N COLLINGTON AVE

$150,000

Est. payment /mo

$150,000

Est.Price: ?

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502 N COLLINGTON AVE Baltimore, MD 21205

2 Beds

1 Bath

845 Sqft Lot

SOLD DATE : 11/29/2023

Key Details

Sold Price $150,000

Property Type Townhouse

Sub Type Interior Row/Townhouse

Listing Status Sold

Purchase Type For Sale

Subdivision Middle East

MLS Listing ID MDBA2091836

Style Federal

Bedrooms 2

Full Baths 1

Year Built 1920

Annual Tax Amount $669

Tax Year 2021

Lot Size 845 Sqft

Property Description

Discover this meticulously maintained 2-bedroom, 1-bathroom gem, nestled in a prime location, walking distance to Johns Hopkins University (JHU) Medical Center. With a current month-to-month HCVP tenant in place, generating a robust annual cash flow of nearly $16,000, this property offers a golden investment opportunity. The well-crafted interior boasts comfortable living spaces flooded with natural light, providing tenants with a cozy haven to call home.

Featuring a tastefully designed layout, this property not only aligns with the 1% rule but also holds the potential for increased rent through a pending request with HCVP. The current tenant's stability and the promising future rental prospects make this a winning deal for savvy investors seeking a reliable income stream. However, the property can be delivered vacant with enough notice (60 days) given and this could be a new home for an owner-occupier.

Moreover, this property presents an exciting opportunity for those considering a larger investment venture. Its strategic location and solid financial performance make it a prime candidate for a portfolio expansion. Don't miss out on the chance to acquire a turnkey investment that combines effortless management with substantial returns.

**ASK US OR YOUR AGENT ABOUT A SECOND VACANT UNIT COMING AVAILABLE AFTER RENOVATIONS ON THE SAME STREET. SELLER IS ONLY LIQUIDATING THESE ASSETS TO ACQUIRE OTHERS.**

Location

State MD

County Baltimore City

Zoning R-8

Interior

Hot Water Natural Gas

Heating Forced Air

Cooling Central A/C

Flooring Vinyl

Laundry Hookup, Basement

Exterior

Exterior Feature Patio(s)

Water Access N

Building

Story 3

Foundation Slab

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Baltimore City Public Schools

Others

Acceptable Financing Conventional, Exchange, Cash

Listing Terms Conventional, Exchange, Cash

Special Listing Condition Standard

Pets Allowed No Pet Restrictions

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Bright MLS (BMLS)
Listed by Garet Turner • EXP Realty, LLC
Bought with Rupert F Andanar • Next Step Realty

Jason Gareau

Broker

+1(609) 929-4486

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