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About the Listing BFRI1 - 3099618
$8,603 Monthly NOI with Tenant in Place Through August 2030! Rare opportunity to acquire a renovated income-producing property with a long-term lease already in place. The current tenant is secured through August 31, 2030, providing immediate cash flow and operational continuity from day one. Unlike many residential investments, the tenant is responsible for utilities, maintenance, and replacement of major building systems, including HVAC and water heating equipment. This structure reduces owner involvement, limits capital expenditure exposure, and creates a more passive ownership experience than typical residential rental property. Renovated in 2024, the 3,805-square-foot building is configured across nine bedrooms and features durable finishes designed for high-occupancy use. Improvements include a modern kitchen with granite and laminate countertops, wood cabinetry, multiple refrigerators, gas cooking, updated baths, laminate flooring, chairlifts, an ADA-accessible entry ramp, and a full sprinkler system. Mechanical systems include a 90+ AFUE Rheem gas-fired furnace with dual-zone central air conditioning, an additional attic-mounted heat pump with independent thermostat, a 50-gallon electric water heater, and updated C-PVC and PVC plumbing. Located in the owner-occupied Hamilton-Waltherson neighborhood, just off Harford Road, the property offers convenient access to I-95, I-695, Downtown Baltimore, and numerous employment centers throughout the region. Investment Summary • $1,100,000 Purchase Price • $103,237 Current NOI • $8,603 Monthly NOI •9.39% Cap Rate •12.0% Projected Cash-on-Cash Return • Tenant in Place Through 8/31/2030
Listing Highlights
Status
Active
Days on Site
15
Property Type
Residential
MLS ®
MDBA2218312
Year Built
1920
Total Square Footage
3,805
Lot/Acreage
0.53
Interior Details
- Bedrooms: 9
- Bathrooms: 3 Full / 1 Half
- Appliances:
- Air Cond: Central A/C
- Heating: 90% Forced Air,Heat Pump(s)
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 3805
- Below Ground Sq Ft: n/a
- Basement: Full,Interior Access
- Other: Main Floor Bedrooms: 2
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No,In City Limits
- Garage Capacity: N/A
- Parking Spaces: 54
- Lot Dimensions: 108' x 212
- Zoning: Permitted for recovery center for up to 16 resients.
- Roof: Asphalt
- Others: Very Good
- Sewer: Public Sewer
- Parking Features: Driveway,4+ Spaces,3+ Spaces,2+ Spaces,1+ Spaces
Financial Details
- Tax Amount: $6,489
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
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Questions About..
3211 Batavia Ave Baltimore, MD 21214
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