Address
2654 Maryland Avenue, Baltimore, MD
Price
$ 595,000
Property Attributes
- MLS#MDBA2122156
- TypeMulti-Family
- CountyBALTIMORE CITY
- CityBaltimore
- Zip21218
- StyleConverted Dwelling
- Year Built1920
- Taxes$ 8235
- Price$ 595,000
- Bedrooms6
- Full Bathrooms0
- Half Bathrooms0
- Lot Size1,307 SqFt
Data Source:
Bright MLS
Property Description
> Located Just Three Blocks from Johns Hopkins University Homewood Campus, Apartments Are in High Demand by Young Professionals and Students > Long Term NNN Commercial Tenant Leased Through Spring 2027, Paying 20% Toward Property Taxes & Hazard Insurance, Improving Cash Flow > 3,600 Sq. Ft. End-of-Group Rowhome, Providing Tenants With 60% More Space Than Other Homes On the Same Block > Opportunity to Improve Apartments and Greatly Increase Rents. The first-floor salon has great far-corner exposure on both Maryland Avenue and 27th Street, with two large storefront windows. The salon has both hardwood and laminate flooring throughout, with high ceilings and recessed lighting. Locally owned and operated, the salon has two popular stylists offering services, with two hair drying stations and a shampoo bowl. The tenant has made warm, inviting improvements to the space. The second and third floor each house a 3-bedroom apartment, with similar layouts to one another. Accessed by a shared entry on 27th Street, each apartment spans an entire floor. As an end-of-group row home, each apartment has 12 windows, providing lots of natural light. With a formal living/dining room and three large bedrooms, these apartments boast plenty of living space for tenants to enjoy. Kitchens feature wood and melamine cabinets, laminate counters, 30 gas ranges, stainless steel sinks, and garbage disposals. Bedrooms are generously sized, and full bathrooms have modern vanities and 5 tubs. The commercial tenant is on a triple net lease (NNN) and responsible for 20% of the property taxes, owners hazard insurance policy, and water/sewer bill. Each tenant pays their own gas and electric bill, and each tenant controls their own heating and air conditioning. The landlord is currently paying for water for the apartments, but the leases do provide for a bill-back, which would increase cash flow. Each apartment has its own gas-fired furnace with central air conditioning. One gas-fired water heater serves the entire building, installed in 2018. Interior plumbing supply lines are a mix of copper and CPVC; interior plumbing drain lines are PVC. The partial, unfinished basement is used for storage, has an operable full bathroom and is leased for $525/month. This mixed-use 3-unit in Charles Village is located just three blocks south of Johns Hopkins University Homewood campus, and two blocks south of Wyman Park Dell. Tenants enjoy a quick walk to the Charles Village Shopping District, and I-83 provides a quick commute to downtown Baltimore. 2653 Maryland Avenue garners a Walkers Paradise designation, with a 94 Walk Score, a 76 Transit Score, and an 88 Bike Score, being located along the Maryland Avenue Cycle Track. RHouse, Remingtons trendy food hall, is home to popular stalls like BRD and Hilo Pok & Sushi, and is within a 5-minute walk.
| Price History | |
|---|---|
| 4/18/2024 | Listed $595,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Forced Air |
| Cooling | Central A/C |
| Possession | Settlement,Subject to Existing Lease |
| Roof | Rubber |
| Zoning | R-8 |
| Pool Y/N | No Pool |
| Architectural Style | Converted Dwelling |
| Construction Materials | Brick |
| Year Built | 1920 |
| Property SubType | Triplex |
| Tax Year | 2023 |
| Percent Ownership | Fee Simple |
| Cool Fuel | Electric |
| Section | 03 |
| Accessibility | None |
| County | BALTIMORE CITY |
| New Construction | No |
| Property Type | Multi-Family |
| Garage Y/N | No |
| Water Access Y/N | No |
| Other Structures | Above Grade,Below Grade |
| Status | ACTIVE |
| Directions | GPS |
| ModificationTimestamp | 2024-04-18T16:33:07 |
| City | BALTIMORE |
| Buyer Agent Compensation | 2.5 |
| Disclosures | Lead Based Paint - State |
| Total Units | 3 |
| Lot Size Square Feet | 1275.00 |
| Tax Assessed Value | 348933.0 |
| Waterfront Y/N | No |
| Number of Units Leased | 4 |
| Street Name | MARYLAND |
| Tax Annual Amount | 8235.0 |
| Structure Type | End of Row/Townhouse |
| Single Room Units Count | 1 |
| Price Per Sq Ft | 165.28 |
| Vacation Rental Y/N | No |
| Total SQFT | 3600 |
| Days on Market | 13 |
| Standard Status | Active |
| Year Built Source | Assessor |
| Legal Subdivision | Ward 12 |
| Tax Lot | 025 |
| Buyer Agent Compensation Type | % Of Gross |
Interior Features
| Heating Fuel | Natural Gas |
|---|---|
| Hot Water | Natural Gas |
| Heating Y/N | Yes |
| Fireplace Y/N | No |
| Street Suffix | AVENUE |
| Central Air Y/N | Yes |
| LivingAreaSource | Assessor |
| Three Bedroom Units Count | 2 |
Exterior Features
| Water Source | Public |
|---|---|
| Type of Parking | On Street |
| Land Use Code | C |
| Foundation Details | Stone |
| Water View Y/N | No |
| Lot Dimensions | 15' x 85' |
| Lot Size Acres | 0.03 |
| Lot Size Units | Square Feet |
| Lot Size Source | Estimated |
| Land Assessed Value | 90000.00 |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
| LotDimensionsSource | Estimated |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 21218
Price
Taxes
Visits
Year Built
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Last Updated: May 2, 2024 5:22 PM UTC
