Will Cannon
This listing was posted on RealtyWW.
$595,000
Home For Sale In Baltimore, Maryland
Price:
$595,000
BR/BA:
6 BR
Location:
2654 Maryland Ave, Baltimore, MD
Description:
Located Just Three Blocks from Johns Hopkins University Homewood Campus, Apartments Are in High Demand by Young Professionals and StudentsLong Term NNN Commercial Tenant Leased Through Spring 2027, Paying 20% Toward Property Taxes and Hazard Insurance, Improving Cash Flow3, 600 Sq. Ft. End-of-Group Rowhome, Providing Tenants With 60% More Space Than Other Homes On the Same BlockOpportunity to Improve Apartments and Greatly Increase Rents. The first-floor salon has great far-corner exposure on both Maryland Avenue and 27th Street, with two large storefront windows. The salon has both hardwood and laminate flooring throughout, with high ceilings and recessed lighting. Locally owned and operated, the salon has two popular stylists offering services, with two hair drying stations and a shampoo bowl. The tenant has made warm, inviting improvements to the space. The second and third floor each house a 3-bedroom apartment, with similar layouts to one another. Accessed by a shared entry on 27th Street, each apartment spans an entire floor. As an end-of-group row home, each apartment has 12 windows, providing lots of natural light. With a formal living/dining room and three large bedrooms, these apartments boast plenty of living space for tenants to enjoy. Kitchens feature wood and melamine cabinets, laminate counters, 30" gas ranges, stainless steel sinks, and garbage disposals. Bedrooms are generously sized, and full bathrooms have modern vanities and 5 tubs. The commercial tenant is on a triple net lease (NNN) and responsible for 20% of the property taxes, owners hazard insurance policy, and water/sewer bill. Each tenant pays their own gas and electric bill, and each tenant controls their own heating and air conditioning. The landlord is currently paying for water for the apartments, but the leases do provide for a bill-back, which would increase cash flow. Each apartment has its own gas-fired furnace with central air conditioning. One gas-fired water heater serves the entire building, installed in 2018. Interior plumbing supply lines are a mix of copper and CPVC; interior plumbing drain lines are PVC. The partial, unfinished basement is used for storage, has an operable full bathroom and is leased for $525/month. This mixed-use 3-unit in Charles Village is located just three blocks south of Johns Hopkins University Homewood campus, and two blocks south of Wyman Park Dell. Tenants enjoy a quick walk to the Charles Village Shopping District, and I-83 provides a quick commute to downtown Baltimore. 2653 Maryland Avenue garners a Walkers Paradise designation, with a 94 Walk Score, a 76 Transit Score, and an 88 Bike Score, being located along the Maryland Avenue Cycle Track. RHouse, Remingtons trendy food hall, is home to popular stalls like BRD and Hilo Pok and Sushi, and is within a 5-minute walk.For more details: https://realtyww.info/homes_baltimore-d523311/for-sale_i70969033
Property Type:
Single-Family Houses
Sq feet:
600 sq. ft.
Amenities:
AC, Storage
Posted:
April 22 on RealtyWW
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More About this Listing: Home For Sale In Baltimore, Maryland
Home For Sale In Baltimore, Maryland is a Six Bedroom Single-Family Homes for Sale at 2654 Maryland Ave in Baltimore MD. Find other listings like Home For Sale In Baltimore, Maryland and listings near 2654 Maryland Ave by searching Oodle Classifieds for Six Bedroom Single-Family Homes for Sale in Baltimore MD.
Home For Sale In Baltimore, Maryland is a Six Bedroom Single-Family Homes for Sale at 2654 Maryland Ave in Baltimore MD. Find other listings like Home For Sale In Baltimore, Maryland and listings near 2654 Maryland Ave by searching Oodle Classifieds for Six Bedroom Single-Family Homes for Sale in Baltimore MD.