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About the Listing EXER1 - 3008549
Outstanding 30% cash-on-cash return and 12% cap rate on this renovated, fully occupied three-unit multifamily property, which appraised in 2023 for $258,000. Gross rent is $3,450/m (Unit 1 $1200/m. Unit 2 $1,200/m, Unit 3 $1,050/m) - See uploaded investment summary. 2023 improvements include all new electrical work, three new boilers, three new kitchens and bathrooms, new flooring, and cosmetic updates throughout. The property features separately metered gas and electric, active lead certificates and rental licenses, and market-rate tenants (not Section 8). Unit mix consists of two 2BR/1BA units and one 1BR/1BA unit. Seller utilizes a local maintenance provider for trash service and common-area cleaning at a low monthly cost, with additional services available as needed. The property is in good working order and represents an excellent opportunity for an investor seeking stabilized income with minimal day-to-day involvement. Minimum 24-hour notice required for showings; maintenance personnel will provide access. Located on a quiet block surrounded by open space, with nearby bus service, approximately one mile to Metro, and convenient access to downtown and major commuter routes.
Listing Highlights
Status
Active
Days on Site
43
Property Type
Multi-Family
MLS ®
MDBA2199452
Year Built
1920
Total Square Footage
2,520
Lot/Acreage
0.03
County
Baltimore City
School District
Baltimore City Public Schools
Interior Details
- Bedrooms: 5
- Bathrooms: 0 Full
- Appliances: Refrigerator, Stove
- Air Cond: Central A/C
- Heating: Forced Air
- Fireplaces:
- Floor: Luxury Vinyl Plank,Hardwood
- Above Ground Sq Ft: 2520
- Below Ground Sq Ft: 0
- Basement: Full,Unfinished
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No,In City Limits
- Garage Capacity: N/A
- Zoning: R-8
- Roof: Flat
- Others: Good
- Sewer: Public Sewer
- Parking Features: On Street
Financial Details
- Tax Amount: $3,540
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
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Questions About..
1708 Harlem Ave Baltimore, MD 21217
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