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1422 Madison Avenue

BALTIMORE, MD 21217
  • $590,000
  • STATUS: Active
  • ON SITE: 43 Days
  • ID#: MDBA2111066
Price Reduced
UPDATED: 130 min ago
$590,000
  • 0
    BEDS
  • 0.06
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,053
    SQFT
  • $146
    $/SQFT
Type:
Multi-Family
Built:
1920
County:

School Ratings & Info

Description

Discover this beautifully renovated four-level building nestled in the historic and character-rich Madison Park Community. This property offers a unique investment opportunity with room for expansion in the basement and parking for two vehicles at the rear. The building features a diverse range of apartments, each boasting its own charm and modern amenities and separately metered. On the third floor, find a spacious three-bedroom, two-bathroom unit, while the second floor a two-bedroom, two-bathroom apartment. The first floor offers a two-bedroom unit with 2.5 bathrooms. Each apartment is graced with high ceilings, large windows, and captivating streetscape views, enhancing with each level. Additional features include modern laminated wood-finished flooring, light-filled living and dining areas, sizeable bedrooms, ample closet space, and central heating. The first-floor apartment is currently rented for $1,400 monthly, and the third floor for $1,500, with all tenants up-to-date on payments. The second-floor apartment is vacant, presenting an immediate move-in opportunity +GG perfect for house hackers or investors seeking to capitalize on an annual estimated cash flow of $51,600 from all three units. Located just minutes from the metro station, Mondawmin Mall, Maryland Zoo, Druid Hill Park, and downtown attractions like stadiums, restaurants, and shopping centers, this building offers both convenience and lifestyle. Professionally managed by RIC Property Management, it also holds active lead certifications and rental licenses for each unit, ensuring a hassle-free investment.

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©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Asset Property Solutions, LLC. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-02-27T23:53:22.15.
www.assetpropertysolutionsllc.com/homes/146647947
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1422 Madison Avenue BALTIMORE, MD 21217

  • Price: $590,000
  • Status: Active
  • On Site: 43 Days
  • Updated: 130 min ago
  • ID#: MDBA2111066
0
Beds
0
Baths
0
½ Baths
0.06
Acres
4,053
SQFT
$146
$/SQFT
1920
Built
Neighborhood:
Madison Park Historic District
County:
Baltimore City
School District:
Baltimore City Public Schools
Property Description
Discover this beautifully renovated four-level building nestled in the historic and character-rich Madison Park Community. This property offers a unique investment opportunity with room for expansion in the basement and parking for two vehicles at the rear. The building features a diverse range of apartments, each boasting its own charm and modern amenities and separately metered. On the third floor, find a spacious three-bedroom, two-bathroom unit, while the second floor a two-bedroom, two-bathroom apartment. The first floor offers a two-bedroom unit with 2.5 bathrooms. Each apartment is graced with high ceilings, large windows, and captivating streetscape views, enhancing with each level. Additional features include modern laminated wood-finished flooring, light-filled living and dining areas, sizeable bedrooms, ample closet space, and central heating. The first-floor apartment is currently rented for $1,400 monthly, and the third floor for $1,500, with all tenants up-to-date on payments. The second-floor apartment is vacant, presenting an immediate move-in opportunity +GG perfect for house hackers or investors seeking to capitalize on an annual estimated cash flow of $51,600 from all three units. Located just minutes from the metro station, Mondawmin Mall, Maryland Zoo, Druid Hill Park, and downtown attractions like stadiums, restaurants, and shopping centers, this building offers both convenience and lifestyle. Professionally managed by RIC Property Management, it also holds active lead certifications and rental licenses for each unit, ensuring a hassle-free investment.
Exterior Features

Architectural Style Traditional Construction Materials Brick Garage YN No Parking Features Concrete Driveway Parking Types Driveway Pool No Pool Property Condition ExcellentVery Good Riparian Rights YN No Roof Asphalt Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 4053 Above Grade Unfinished Area 0 Appliances WasherDryerStove Basement Unfinished Basement YN Yes Below Grade Finished Area 0 Below Grade Unfinished Area 1350 Cooling Window Unit(s) Fireplace YN No Flooring Luxury Vinyl Plank Heating Forced Air Heating YN Yes Interior Features Floor Plan - Open Rooms Total 11 Security Features Carbon Monoxide Detector(s)Fire Detection SystemExterior Cameras Single Room Units 0 Spa YN No Three Bedroom Units 1 Two Bedroom Units 2 Units Furnished None Walls Ceilings 9'+ CeilingsDry Wall

Property Features

Acceptable Financing CashConventionalFHAVA Accessibility Features None Assessment Year 2023 Central Air YN No Cooling Fuel Natural Gas Electric 100 Amp Service Existing Lease Type Yearly Foundation Details BlockBrick/Mortar Heating Fuel Natural Gas Historic YN Yes Hot Water Natural Gas Internet Services Fiber OpticCableFixed WirelessLTE Municipality Baltimore City Navigable Water YN N New Construction YN No Number Of Units Leased 2 Number Of Units Total 1 Number Of Units Vacant 1 Original MLSNumber 802816356940 Ownership Interest Fee Simple Possession Immediate Property Sub Type Triplex Rent Control YN No Sale Type Standard Section 12 Sewer Public Sewer Structure Design Type Interior Row/Townhouse Tax Annual Amount 2088.00 Tax Assessment Amount 88467.00 Tax Lot 012 Total Actual Rent 34800.00 Vacation Rental YN No Water Source Public Window Features Wood Frame Year Built Effective 2022 Zoning R-7

Listing courtesy of Bennett Realty Solutions: .


©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Asset Property Solutions, LLC. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-02-27T23:53:22.15.
 
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