Thank you
Will A Cannon Iii
Ben Frederick Realty, Inc.
410-235-9500
> Located Just Three Blocks from Johns Hopkins University Homewood Campus, Apartments Are in High Demand by Young Professionals and Students > Long Term NNN Commercial Tenant Leased Through Spring 2027, Paying 20% Toward Property Taxes & Hazard Insurance, Improving Cash Flow > 3,600 Sq. Ft. End-of-Group Rowhome, Providing Tenants With 60% More Space Than Other Homes On the Same Block > Opportunity 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, owner’s 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 “Walker’s 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, Remington’s trendy food hall, is home to popular stalls like BRD and Hilo Poké & Sushi, and is within a 5-minute walk.
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Water Source : Public
Roof : Rubber
Rubber
Cooling: Central A/C
Heating: Forced Air
Cooling Fuel: Electric
Heating Fuel: Natural Gas
Year Built: 1920
Structure: End of Row/Townhouse
New Construction: No
Total Units: 3
Built: 1920
Construction Material: Brick
Roof: Rubber
Foundation/Basement: Stone
Architecture: Converted Dwelling
Pool/Private: No Pool
Roof Type: Rubber
Pool: No Pool
Sewer: Public Sewer
Water Heat: Natural Gas
Lot Size: 1,275
Dimensions: 15' x 85'
Lot Size (Acres): 0.03
Architectural Style: Converted Dwelling
Main Square Feet: 1,275
SQ ft: 3,600
SQ ft (Living Area): 3,600
Total Lot SQ ft: 1,275
Appx. Lot Dimensions: 15' x 85'
Total Acreage: 0.03
New Construction: No
Type: Converted Dwelling
Possession: Settlement,Subject to Existing Lease
Days Of Market: 2
Annual Tax: $8,235
Tax Year: 2023
Total Taxes Payment Frequency: Annually
Settlement,Subject to Existing Lease
Taxes Assessment Amount: $348,933
Parking Type: On Street
Has Garage: N
Roof: Rubber
Direction: GPS
School District: BALTIMORE CITY PUBLIC SCHOOLS
Water Source: Public
Sewer: Public Sewer
Cooling Fuel: Electric
Heating Fuel: Natural Gas
Hot Water: Natural Gas
Direction: GPS
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
1303 Cliftview Avenue , Baltimore, MD,21218 | $13,000 | 3 | 1.0 | -- | -- |
2645 N Charles Street , Baltimore, MD,21218 | $750,000 | -- | -- | 3,240 | 1920 Sqft |
1132 Montpelier Street , Baltimore, MD,21218 | $183,700 | 3 | 1.5 | 1,260 | 1000 Sqft |
1808 E 28th Street , Baltimore, MD,21218 | $59,000 | 3 | 1.0 | -- | -- |
609 E 41st Street , Baltimore, MD,21218 | $109,900 | 3 | 2.0 | 1,728 | 0.03 Acre |
4014 Greenway , Baltimore, MD,21218 | $2,200,000 | 8 | 4.5 | 6,488 | 29320 Sqft |
2027 Maryland Avenue , Baltimore, MD,21218 | $478,900 | -- | -- | 3,750 | 3000 Sqft |
3901 Yolando Road , Baltimore, MD,21218 | $189,904 | 3 | 1 | 1,200 | -- |
7 Stratford Road , Baltimore, MD,21218 | $1,599,000 | 6 | 4.5 | 4,474 | 19994 Sqft |
339 E 25th Street , Baltimore, MD,21218 | $239,900 | -- | -- | -- | 1300 Sqft |
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ByOwner last updated this listing 05/02/2024 @ 15:10
MLS: MDBA2122156
LISTED BY: Will A Cannon III , Ben Frederick Realty, Inc.
SOURCE: BRIGHT MLS
Buyer Agency Compensation: 2.5%
Buyer Agency Description: Compensation Based on Net Sales Price