$499,000
$599,900
16.8%For more information regarding the value of a property, please contact us for a free consultation.
3200 ELGIN AVE Baltimore, MD 21216
3,680 SqFt
Key Details
Sold Price $499,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 3,680 sqft
Price per Sqft $135
Subdivision Walbrook
MLS Listing ID MDBA2111624
Style Victorian
Year Built 1920
Annual Tax Amount $3,884
Tax Year 2018
Lot Size 8,640 Sqft
Property Description
Fully renovated building with 3 completely renovated separately metered apartments each having 2 bedrooms and 1 full bath, kitchen, living, dining area, and laundry. All three units are rented until July 2024.
Annual Income 48,600, approx NOI 41,310, approx cap rate. 6.9%. Low maintenance easily managed, great long-term investment as market rents can be increased. Property Zone R5-Transitional Residential Zoning District. Accommodates both detached and semi-detached dwellings, rowhouse developments, and limited low-rise multi-family garden apartment developments. Limited nonresidential uses.
Location
State MD
County Baltimore City
Zoning R-5
Interior
Hot Water 60+ Gallon Tank
Heating Forced Air
Cooling Ceiling Fan(s)
Flooring Hardwood, Luxury Vinyl Plank
Fireplaces Number 1
Equipment Oven/Range - Gas, Refrigerator, Built-In Microwave, Washer, Dryer
Exterior
Exterior Feature Porch(es)
Parking Features Other
Garage Spaces 2.0
Water Access N
View City
Roof Type Built-Up
Building
Foundation Concrete Perimeter
Sewer Public Septic, Public Sewer
Water Public
Structure Type Dry Wall,High
New Construction N
Schools
School District Baltimore City Public Schools
Others
Special Listing Condition Standard
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Bought with Aderyn Bright • CENTURY 21 New Millennium