Thank you
Will A Cannon Iii
Ben Frederick Realty, Inc.
410-235-9500
This 5-unit property in Forest Park delivers a steady stream of guaranteed rents from program tenants. Renovated in 2018, this investment property comes equipped with updated electrical and plumbing systems, ensuring long-term stability and peace of mind for investors. The building sits on a large, tree-shaded lot and tenants can enjoy the quiet neighborhood on the large front porch. Inside each 1-bedroom apartment are laminate floors throughout the living spaces and ceramic tile floors in the kitchens and bathrooms. Kitchens feature laminate countertops, real wood cabinets and a mix of 18″, 24″ and 30″ electric ranges. Most bathrooms have modern vanities, steel tubs and ceramic tile tub surrounds, which tenants can easily clean and maintain. Apartment 3 has a shower stall with ceramic tile surround. All units are separately metered allowing tenants to pay their own utility bills. In 2020, this electric-only building was upgraded to 600 amps, with 100 amps to each apartment. Every apartment has its own electric heat pump and central air conditioning. Utility closets inside the individual units also house State Select 40-gallon electric water heaters. The landlord does pay for water, per the lease agreements. In 2022, the main sewer line from the house to the City connection was replaced, saving the next owner worry and money for costly repair. In April, 2024, a new asphalt-shingle roof was installed, along with gutters. LiveBaltimore notes that 59% of residents in Forest Park rent, so there is strong demand for affordable housing in the community. Tenants can enjoy many parks in the area, as 3310 Oakfield sits between Lake Ashburton and Forest Park Golf Course. Retail shops are located along Liberty Heights Parkway, with major grocery, ShopRite, less than 5 minutes away.
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Water Source : Public
Roof : Asphalt
Basement Description: Daylight, Partial,Rough Bath Plumb
Asphalt
Cooling: Central A/C
Heating: Heat Pump(s)
Cooling Fuel: Electric
Heating Fuel: Electric
Year Built: 1920
Structure: Detached
New Construction: No
Total Units: 4
Built: 1920
Construction Material: Frame
Roof: Asphalt
Foundation/Basement: Stone
Architecture: Converted Dwelling
Pool/Private: No Pool
Roof Type: Asphalt
Pool: No Pool
Sewer: Public Sewer
Water Heat: Electric
Lot Size: 7,250
Lot Size (Acres): 0.17
Architectural Style: Converted Dwelling
Stories Total: 3
Main Square Feet: 7,250
SQ ft: 3,095
SQ ft (Living Area): 3,095
Total Lot SQ ft: 7,250
Financing: Cash,Conventional,Private
Total Acreage: 0.17
New Construction: No
Type: Converted Dwelling
Possession: Settlement,Subject to Existing Lease
Days Of Market: 99
Annual Tax: $5,079
Tax Year: 2022
Total Taxes Payment Frequency: Annually
Settlement,Subject to Existing Lease
Taxes Assessment Amount: $224,900
Parking Type: On Street,Driveway
Has Garage: N
Acceptable Financing: Cash,Conventional,Private
Roof: Asphalt
Direction: GPS
School District: BALTIMORE CITY PUBLIC SCHOOLS
Water Source: Public
Sewer: Public Sewer
Cooling Fuel: Electric
Heating Fuel: Electric
Hot Water: Electric
Direction: GPS
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
5605 Liberty Heights , Baltimore, MD,21207 | $49,900 | -- | -- | 9,880 | 9880 Sqft |
5522 Wayne , Baltimore, MD,21207 | $319,900 | 3 | 2.5 | 1,616 | 7750 Sqft |
W Nes Pickwick Rd 669-5.., Baltimore, MD,21207 | $1,170,000 | -- | -- | 303,178 | 303178 Sqft |
5215 Gwynn Oak , Baltimore, MD,21207 | $489,999 | 6 | 4.0 | 2,515 | 6987 Sqft |
4406 Carleview Road , Baltimore, MD,21207 | $494,999 | 3 | 2.5 | 1,788 | 7507 Sqft |
4710 Haddon , Baltimore, MD,21207 | $285,000 | 3 | 2.5 | 1,542 | 3276 Sqft |
4806 Gwynn Oak , Baltimore, MD,21207 | $385,000 | 5 | 3.0 | 1,701 | 8904 Sqft |
5546 Gwynn Oak Ave , Baltimore, MD,21207 | $380,000 | 3 | 2.0 | 1,774 | 7750 Sqft |
2117 Lorraine , Baltimore, MD,21207 | $340,000 | 3 | 2.5 | 2,164 | 8140 Sqft |
3305 Oakfield Avenue , Baltimore, MD,21207 | $499,000 | 5 | 3.5 | -- | 7000 Sqft |
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ByOwner last updated this listing 05/03/2024 @ 11:49
MLS: MDBA2107592
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.