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Key Details
Sold Price $419,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 2,968 sqft
Price per Sqft $141
Subdivision Homeland Historic District
MLS Listing ID MDBA2098402
Sold Date 10/10/23
Style Victorian
Abv Grd Liv Area 2,968
Originating Board BRIGHT
Year Built 1900
Annual Tax Amount $7,085
Tax Year 2022
Lot Size 0.377 Acres
Acres 0.38
Property Description
A rare well-maintained 3 unit gem in Homeland! One of only three multifamily properties to go on the market in Homeland in the last 10 years! Property includes two 2bd/2ba units and one 1bd/1ba unit. Long-term tenants with under-market leases. Units include hardwood floors, original charm, laminate countertops, tile bathrooms and spacious layouts. Laundry located in the basement with storage for all units. Property has been well-cared for and within the same family for over 30 years. Central boiler was recently replaced. Separate meters for gas and electric for all units. Large rear yard and bonus lot that is has subdivision potential. Property is oozing with potential and cash flow can be improved by raising rental rates to market rate, installing a water reimbursement program, upgrading kitchens and bathrooms, adding central air and adding laundry to all units. Potential for a 10%+ cap rate, which is unheard of in this market. Perfect for a savvy investor or owner-occupant. Truly a once-in-a-lifetime opportunity for this neighborhood. Access by open house only, Saturday September 16th from 11am-2pm. Sold strictly as-is. All information is deemed to be accurate, however, buyer should verify.
Location
State MD
County Baltimore City
Zoning R-1-E
Rooms
Basement Unfinished
Interior
Hot Water Natural Gas
Heating Radiator
Cooling Window Unit(s)
Fireplace N
Heat Source Oil
Exterior
Water Access N
Accessibility None
Garage N
Building
Foundation Block
Sewer Public Septic, Public Sewer
Water Public
Architectural Style Victorian
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Baltimore City Public Schools
Others
Tax ID 0327114983E008
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Pawel M. Jakubowski • Best Value Realty, Inc.