$386,597
$386,597
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2,520 SqFt
SOLD DATE : 11/27/2023
Key Details
Sold Price $386,597
Property Type Multi-Family
Sub Type End of Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 2,520 sqft
Price per Sqft $153
Subdivision Reservoir Hill
MLS Listing ID MDBA2103792
Sold Date 11/27/23
Style Colonial
Abv Grd Liv Area 2,520
Originating Board BRIGHT
Year Built 1923
Annual Tax Amount $4,250
Tax Year 2023
Property Description
Rare true multi-unit in Historic Reservoir Hill now available. This end-unit triplex is legally, separately zoned and metered. Units 2 & 3 are setup as 2 bedrooms, 1 bath, a living room, dining room and a kitchen. Unit 1 has the same setup with 1 bedroom. There is a covered front porch and off street parking in the rear. The basement (which consists of a separate entrance) has been framed and ready for your vision.
This building is truly a cash cow, and the equity opportunity will skyrocket even more after the completion of Reservoir Square and Druid Park Reservoir developments. With over $4k in rental income, the rent roll is still undervalued. Unit 1 (1 bedroom), generates $1,250 a month; unit 2 (2 bedroom) was just generating $1,400; and unit 3 (2 bedroom) $1,650.. This is an ideal owner occupant opportunity.
Located mid-town, this is an ideal centralized location at I-83, making it minutes from downtown and a half hour from Pennsylvania. It is adjacent to Druid Hill Park and the Maryland Zoo as well just to name a few landmarks.
Leases are available upon request.
Location
State MD
County Baltimore City
Zoning R-7
Rooms
Basement Rear Entrance, Space For Rooms, Walkout Level
Interior
Interior Features Entry Level Bedroom, Floor Plan - Traditional, 2nd Kitchen, Carpet, Ceiling Fan(s), Chair Railings, Crown Moldings, Recessed Lighting, Wood Floors
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C, Ceiling Fan(s)
Flooring Carpet, Ceramic Tile, Concrete, Hardwood
Equipment Refrigerator, Stove, Water Heater
Window Features Replacement
Appliance Refrigerator, Stove, Water Heater
Heat Source Natural Gas
Exterior
Garage Spaces 2.0
Utilities Available Electric Available, Natural Gas Available, Sewer Available, Water Available
Waterfront N
Water Access N
View Garden/Lawn
Roof Type Flat
Street Surface Black Top,Approved,Access - Above Grade
Accessibility 2+ Access Exits
Road Frontage City/County, Public
Parking Type Driveway, Off Street
Total Parking Spaces 2
Garage N
Building
Lot Description Level
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Architectural Style Colonial
Additional Building Above Grade, Below Grade
Structure Type Dry Wall,High,Plaster Walls
New Construction N
Schools
Elementary Schools Call School Board
Middle Schools Call School Board
High Schools Call School Board
School District Baltimore City Public Schools
Others
Tax ID 0313103461 038
Ownership Ground Rent
SqFt Source Estimated
Acceptable Financing Cash, Conventional, FHA, FHA 203(k), Private, VA
Listing Terms Cash, Conventional, FHA, FHA 203(k), Private, VA
Financing Cash,Conventional,FHA,FHA 203(k),Private,VA
Special Listing Condition Standard
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Bought with David Wayne Ritter Sr. • Bennett Realty Solutions