$250,000
$250,000
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3717 GREENMOUNT AVE Baltimore, MD 21218
3,432 SqFt
Key Details
Sold Price $250,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 3,432 sqft
Price per Sqft $72
Subdivision None Available
MLS Listing ID MDBA2136992
Year Built 1920
Annual Tax Amount $2,495
Tax Year 2024
Lot Size 1,306 Sqft
Property Description
Welcome to 3717 Greenmount Avenue, Baltimore, MD 21218—an exceptional investment opportunity nestled in the thriving Waverly community, directly across from the prestigious Guilford neighborhood. This mixed-use property offers a total of five units: four residential units and one commercial unit on the main -level. The commercial space is currently set up as a laundromat, complete with all necessary machines and equipment, though it is not currently in operation. This offers a unique chance to revitalize and reopen the laundromat, catering to the local community's needs—especially considering that the majority of nearby housing is rental-based, reflecting a potential demand for such a service. The four residential units are separately metered and include two studio apartments and two two-bedroom units, providing versatile rental options. All meters are conveniently located in the lower level/basement of the property. While this property is in need of a full rehab, it is attractively priced to allow for significant sweat equity and profit post-renovation. Once renovated and operating at full occupancy, this property is poised to yield substantial cap rates, making it an ideal addition to any investment portfolio. Don't miss out on the chance to transform this property into a profitable venture in one of Baltimore's up-and-coming areas!
Location
State MD
County Baltimore City
Zoning C-1
Interior
Hot Water Natural Gas
Heating Radiator
Cooling None
Exterior
Water Access N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Baltimore City Public Schools
Others
Special Listing Condition Standard
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Bought with HANG YANG • Mulan Realty, Corp