Property
Beds
6
Full Baths
3
1/2 Baths
None
Year Built
1929
Sq.Footage
2,848
Investors, here is your opportunity to add a well-maintained three-unit (triplex) rental property to your real estate portfolio! When fully occupied, this income-producing property generates $3,875 per month in gross rental income! The property has been very well maintained, featuring newer appliances, countertops, fixtures, flooring, updated bathrooms, trim and other improvements. Additional highlights include a covered front porch, a side sunroom and a massive, level, fenced backyard with plenty of space to relax, play or entertain. The entire property is zoned BL (Business Local) but is currently utilized as a residential triplex, with three rental licenses available. Apartment 1: Currently rented for $1,400 per month to a long-term tenant who has occupied the property since April 2022. The tenant is presently on a month-to-month lease and is scheduled to vacate on October 31, 2026. This apartment also enjoys additional finished living space in the basement. Apartment 2: Currently rented for $1,200 per month. The existing tenant would like to remain in place and has an active lease extending from July 1, 2025, through June 30, 2027. Apartment 3: Located on the upper level, this apartment is currently vacant and ready for a new tenant! Previously generating $1,275 per month in rental income, it offers an opportunity for the next owner to secure a new tenant and restore the property's full rental income potential. The basement provides additional finished living space for Apartment 1, individual tenant storage lockers and a shared laundry area. All three apartments are separately metered, with tenants responsible for all utilities. The unfinished potion of the lower level offers extra storage space or even future expansion of extra living space for a bit more rental income. Electric services are separately metered per unit. The natural gas is on one service meter that supplies the Three Zoned heating system. The public water is on one service line and supplied to each of the three units. Both the gas and water bills are a shared monthly cost that each tenant pays 1/3rd monthly. Two units are tenant occupied at this time.
Features & Amenities
Interior
-
Total Bedrooms
6
-
Bathrooms
3
-
Above Grade Finished Area
2098.0
-
Basement YN
YES
-
Cooling YN
YES
-
Cooling
Window Unit(s), Electric
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Natural Gas, Baseboard
-
Main Level Bedrooms
4
-
Pet friendly
Yes
Exterior
-
Garage
No
-
Construction Materials
Concrete, Frame, Vinyl Siding
-
Parking
Asphalt, Assigned, Driveway
-
Patio and Porch Features
Deck, Enclosed, Porch
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.21
-
Lot Size(square feet)
9,081
-
Property Type
Residential
-
Property Sub Type
Townhouse
-
Architectural Style
Side-by-Side
Price
-
Sales Price
$324,900
-
Tax Amount
$3,314
-
Zoning
Business Local (Retail Sales, Personal Services, Restaurant, Bank, Office, Tavern, Food Store, And Medical Clinic)
-
Sq. Footage
2,848
-
Price/SqFt
$114
HOA
-
Association
No
Property Resources
-
Horse Property
NO
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
New Construction
NO
-
Foundation Details
Block, Slab
-
Senior Community YN
NO
-
Sewer
Public Sewer
-
Water Source
Public
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Location
County
BALTIMORE
Elementary School
Middle School
High School
Listing Courtesy of Kevin L Reeder, RE/MAX Advantage Realty
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Salesperson, Realtor
Lucinda Garel-Smith
Call Lucinda today to schedule a private showing.
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