MultifamilySold
List Price $599,900
Sold Price $499,000
3200 Elgin Avenue
Baltimore, MD 21216
Listed by: NetRealtyNow.com, LLC, (703) 581-8605
MLS: Bright MLS
3,680Sq Ft
Est. Mortgage
$3,197/mo
Fully renovated building with 3 completely renovated separately metered apartments each having 2 bedrooms and 1 full bath, kitchen, living, dining area, and laundry. All three units are rented until July 2024. Annual Income 48,600, approx NOI 41,310, approx cap rate. 6.9%. Low maintenance easily managed, great long-term investment as market rents can be increased. Property Zone R5-Transitional Residential Zoning District. Accommodates both detached and semi-detached dwellings, rowhouse developments, and limited low-rise multi-family garden apartment developments. Limited nonresidential uses.
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About the Author
Thomas Hennerty
Hi, I'm Thomas Hennerty and I'd love to assist you. Whether you're in the research phase at the beginning of your real estate search or you know exactly what you're looking for, you'll benefit from having a real estate professional by your side. I'd be honored to put my real estate experience to work for you.