Earl Alger - REMAX Distinctive
3228 Miller Ave
BALTIMORE, MD 21220

Description

Solidly constructed eight unit building in Middle River*Building is certified lead free*Excellent opportunity for the savvy investor to purchase and upgrade* Other two bedroom units in the area are getting over $1100 per month rent* Each unit has two bedrooms and is approximately 806 sq ft*Seven of the eight are currently occupied* Long term tenants * Rents are well below market rate at $750 * Improve and reap the benefits* Each apt has a spacious dining area, a separate living room , 12x 10 kitchen ,two bedrooms and a bath * Each tenant has a secure storage area in common area of basement * Basement has pay washer and dryer for tenants use* Owner gets share of laundry proceeds*Each unit has separate gas and electric meters* Propane gas powers the water heaters and stoves*Each tenant has an account with Amerigas, the company that keeps the gas tank full* Heat is electric baseboard* New roof installed two years ago transferable warranty applies* Owner pays water bill which is averaging $220/month * Expense disclosed include 5% vacancy rate ,insurance ,taxes ,water and $10,000 maintenance allowance* See documents for current rental agreement information* Currently street parking with at least 20 spaces available* Parking lot could be added to property* Showing are arranged through listing agent*

Details

MLS#MDBC331178
StyleIndustrial
Sub-TypeResale
StatusActive
Year1940
Days On Site19

Features

SQ Feet3,872
Story(s)0
Units8
ZoningDR16

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Area Information

StateMD
CityBALTIMORE
Zip Code21220
Listing VS Median (in 21220)
Price:
$635,000
low | high
Med:
$219,950
100% of Average
SqFt:
3,872
low | high
Med:
1,730
100% of Average
$ / SqFt:
$164
low | high
Med:
$127
72.462645346965% of Average
On Site:
19
low | high
Med:
19
100% of Average
Listing Updated: 01/20/2019
MLS Number: MDBC331178
Listing Provided By:
Richard C Lamkin  of  Long Foster Real Estate Inc.

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