Georgian

2511 MARYLAND AVENUE

BALTIMORE , MD 21218

MLS#: MDBA2176384

$399,500

Status: Active
Listing number: MDBA2176384
Listing provided by: Premier Fine Properties
Listing agent phone: None
Last update: 17 hours ago
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Property

Beds

6

Full Baths

None

1/2 Baths

None

Year Built

1900

Sq.Footage

2,352

Offers due Wednesday, Aug 6. Current annual rental income from apartments 1 and 2 combined is $35,880. If the 3rd floor apartment (currently and intentionally vacant for a potential owner-occupant) were to be rented at $1295/month, annual rental income for all 3 units would be $51,420. Immaculately maintained and recently renovated triplex in Charles Village. Located on a quiet street thanks to the Maryland Ave bike path, it's a quick walk or bike ride to Johns Hopkins University, Wyman Park, the Baltimore Museum of Art, Remington and Hampden or jump on your bike and take the Maryland Ave bike path downtown. The 1st floor is a 2 bedroom apartment currently rented for $1495. Tenants pay all utilities, separately metered (except for cold water). The 2nd floor is a 2 bedroom apartment currently rented for $1495. Tenants pay all utilities, separately metered (except for cold water). Current annual rental income from apartments 1 and 2 combined is $35,880. If the 3rd floor were to be rented at $1295/month, annual rental income for all 3 units would be $51,420. The 3nd floor is a 1 bedroom penthouse apartment with a huge bedroom filled with naturally light and has been left vacant in case you want to live there (or need to live there for financing). It usually rents for about $200 less than the 2 bedroom apartments so if it were to be rented, $1295/month is a reasonable estimate. Additionally, the neighboring properties to the left and right both have basement apartments so there is the potential to convert the basement into a 4th apartment. Listing price is slightly below the average of recent comparable triplex sales in the area. See listing documents for the pre-listing inspection report that shows the property is in good condition.

Features & Amenities

Interior

  • Total Bedrooms

    6

  • Bathrooms

    N/A

  • Above Grade Finished Area

    2352.0

  • Basement YN

    YES

  • Cooling YN

    YES

  • Cooling

    Heat Pump, Electric

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Electric, Radiant

Exterior

  • Garage

    No

  • Construction Materials

    Brick

  • Parking

    Concrete, Off Street, On Street

  • Pool

    Yes

  • Pool Features

    None

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.06

  • Property Type

    Residential Income

  • Property Sub Type

    Triplex

  • Architectural Style

    Georgian

Price

  • Sales Price

    $399,500

  • Tax Amount

    5497.0

  • Sq. Footage

    2, 352

  • Price/SqFt

    $169

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Foundation Details

    Stone

  • Sewer

    Public Sewer

  • Tax Lot

    027

  • Water Source

    Public

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BALTIMORE CITY

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Listing Courtesy of David William Egli , Premier Fine Properties

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Offers due Wednesday, Aug 6. Current annual rental income from apartments 1 and 2 combined is $35,880. If the 3rd floor apartment (currently and intentionally vacant for a potential owner-occupant) were to be rented at $1295/month, annual rental income for all 3 units would be $51,420. Immaculately maintained and recently renovated triplex in Charles Village. Located on a quiet street thanks to the Maryland Ave bike path, it's a quick walk or bike ride to Johns Hopkins University, Wyman Park, the Baltimore Museum of Art, Remington and Hampden or jump on your bike and take the Maryland Ave bike path downtown. The 1st floor is a 2 bedroom apartment currently rented for $1495. Tenants pay all utilities, separately metered (except for cold water). The 2nd floor is a 2 bedroom apartment currently rented for $1495. Tenants pay all utilities, separately metered (except for cold water). Current annual rental income from apartments 1 and 2 combined is $35,880. If the 3rd floor were to be rented at $1295/month, annual rental income for all 3 units would be $51,420. The 3nd floor is a 1 bedroom penthouse apartment with a huge bedroom filled with naturally light and has been left vacant in case you want to live there (or need to live there for financing). It usually rents for about $200 less than the 2 bedroom apartments so if it were to be rented, $1295/month is a reasonable estimate. Additionally, the neighboring properties to the left and right both have basement apartments so there is the potential to convert the basement into a 4th apartment. Listing price is slightly below the average of recent comparable triplex sales in the area. See listing documents for the pre-listing inspection report that shows the property is in good condition.

2511 MARYLAND AVENUE

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