$240,000
$280,000
14.3%For more information regarding the value of a property, please contact us for a free consultation.
2,826 SqFt
SOLD DATE : 01/23/2024
Key Details
Sold Price $240,000
Property Type Multi-Family
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 2,826 sqft
Price per Sqft $84
Subdivision Forest Park
MLS Listing ID MDBA2108144
Sold Date 01/23/24
Style Other
Abv Grd Liv Area 2,826
Originating Board BRIGHT
Year Built 1910
Annual Tax Amount $4,526
Tax Year 2023
Lot Size 8,712 Sqft
Acres 0.2
Property Description
ATTENTION BUY AND HOLD INVESTORS!!
Welcome to 3516 Springdale Avenue, a prime three-unit rental property nestled in the heart of Baltimore, offering a lucrative opportunity for savvy buy-and-hold investors. This strategically located investment property presents a compelling proposition with its mix of two currently occupied units and one vacant unit awaiting your personalized touch.
The property has immediate income generation. The two occupied units contribute to a steady cash flow, while the third unit offers an excellent canvas for enhancement, allowing investors to increase the property's overall value.
Situated in a vibrant neighborhood, 3516 Springdale Avenue enjoys proximity to local amenities, schools, and public transportation, making it an attractive option for tenants seeking convenience and accessibility. The property's location also enhances its potential for long-term appreciation, adding an extra layer of value for investors looking for sustained growth.
As the real estate market in Baltimore continues to show promise, this three-unit rental property stands out as an exceptional investment opportunity. With a mix of existing income and the potential for increased returns through strategic improvements, 3516 Springdale Avenue is a solid foundation for a robust and diversified investment portfolio.
Location
State MD
County Baltimore City
Zoning RESIDENTIAL
Rooms
Basement Other
Interior
Interior Features Entry Level Bedroom, Window Treatments, Wood Floors
Hot Water Natural Gas
Heating Forced Air
Cooling None
Equipment Oven/Range - Gas, Refrigerator
Fireplace N
Appliance Oven/Range - Gas, Refrigerator
Heat Source Natural Gas
Exterior
Garage Other
Garage Spaces 3.0
Waterfront N
Water Access N
Accessibility None
Parking Type Detached Garage
Total Parking Spaces 3
Garage Y
Building
Sewer Public Sewer
Water None
Architectural Style Other
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Baltimore City Public Schools
Others
Tax ID 0315262910 009
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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Bought with Federico Busacca • EXP Realty, LLC
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "