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1501 Druid Hill Avenue

BALTIMORE, MD 21217
  • $239,000
  • STATUS: Active
  • ON SITE: 130 Days
  • MLS #: MDBA2113634
$239,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1920
County:

School Ratings & Info

Description

Great Investment Opportunity! This two-apartment brownstone boasts two distinct living spaces. The lower unit features a one-bedroom, one-bathroom layout, while the upper unit offers enhanced accommodations with three/four bedrooms and 1.5 full bathrooms. Both units are currently tenant occupied, ensuring immediate cash flow and eliminating the hassle of securing tenants. With a robust Capitalization Rate of 8.3%, this property offers investors exceptional income-generating potential. A significant advantage of this property is the tenant responsibility for all utilities. This arrangement alleviates the burden on the owner, resulting in lower operational costs and increased net income. Sold in as-is condition.

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www.chesapeakebayproperties.com/homes/147625288
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1501 Druid Hill Avenue BALTIMORE, MD 21217

  • Price: $239,000
  • Status: Active
  • On Site: 130 Days
  • MLS #: MDBA2113634
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1920
Built
County:
Baltimore City
School District:
Baltimore City Public Schools
Property Description
Great Investment Opportunity! This two-apartment brownstone boasts two distinct living spaces. The lower unit features a one-bedroom, one-bathroom layout, while the upper unit offers enhanced accommodations with three/four bedrooms and 1.5 full bathrooms. Both units are currently tenant occupied, ensuring immediate cash flow and eliminating the hassle of securing tenants. With a robust Capitalization Rate of 8.3%, this property offers investors exceptional income-generating potential. A significant advantage of this property is the tenant responsibility for all utilities. This arrangement alleviates the burden on the owner, resulting in lower operational costs and increased net income. Sold in as-is condition.
Exterior Features

Architectural Style Traditional Construction Materials Brick Exterior Features Fire Escape Garage YN No Parking Types On Street Pool No Pool Property Condition Good Water Access YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 0 Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Other Fireplace YN No Heating OtherRadiator Heating YN Yes Single Room Units 0 Three Bedroom Units 1 Two Bedroom Units 0

Property Features

Acceptable Financing CashConventional Accessibility Features None Central Air YN No Cooling Fuel Other Existing Lease Type Yearly Foundation Details Other Heating Fuel Other Hot Water Electric Insurance Expense 1500.00 Municipality Baltimore City Navigable Water YN N New Construction YN No Number Of Units Leased 2 Number Of Units Total 2 Number Of Units Vacant 0 Original MLSNumber 802855027966 Owner Pays Taxes - Real EstateInsurance Ownership Interest Fee Simple Property Sub Type Duplex Sale Type Standard Sewer Public Sewer Structure Design Type End of Row/Townhouse Tax Annual Amount 1657.00 Tax Lot 037 Vacation Rental YN No Water Source Public Zoning R-8

 
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Chesapeake Bay Properties | Benson & Mangold Real Estate
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