Baltimore, MD 21205,502 N COLLINGTON AVE
Baltimore, MD 21205,502 N COLLINGTON AVE
Baltimore, MD 21205,502 N COLLINGTON AVE
$150,000
Est. payment /mo
$150,000
Est.Price: ?

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2 Beds
1 Bath
845 Sqft Lot
SOLD DATE : 11/29/2023

Key Details

Sold Price $150,000

Property Type Townhouse

Sub Type Interior Row/Townhouse

Listing Status Sold

Purchase Type For Sale

Subdivision Middle East

MLS Listing ID MDBA2091836

Sold Date 11/29/23

Style Federal

Bedrooms 2

Full Baths 1

HOA Y/N N

Originating Board BRIGHT

Year Built 1920

Annual Tax Amount $669

Tax Year 2021

Lot Size 845 Sqft

Acres 0.02

Property Description

Discover this meticulously maintained 2-bedroom, 1-bathroom gem, nestled in a prime location, walking distance to Johns Hopkins University (JHU) Medical Center. With a current month-to-month HCVP tenant in place, generating a robust annual cash flow of nearly $16,000, this property offers a golden investment opportunity. The well-crafted interior boasts comfortable living spaces flooded with natural light, providing tenants with a cozy haven to call home.

Featuring a tastefully designed layout, this property not only aligns with the 1% rule but also holds the potential for increased rent through a pending request with HCVP. The current tenant's stability and the promising future rental prospects make this a winning deal for savvy investors seeking a reliable income stream. However, the property can be delivered vacant with enough notice (60 days) given and this could be a new home for an owner-occupier.

Moreover, this property presents an exciting opportunity for those considering a larger investment venture. Its strategic location and solid financial performance make it a prime candidate for a portfolio expansion. Don't miss out on the chance to acquire a turnkey investment that combines effortless management with substantial returns.

**ASK US OR YOUR AGENT ABOUT A SECOND VACANT UNIT COMING AVAILABLE AFTER RENOVATIONS ON THE SAME STREET. SELLER IS ONLY LIQUIDATING THESE ASSETS TO ACQUIRE OTHERS.**

Location

State MD

County Baltimore City

Zoning R-8

Direction South

Rooms

Basement Unfinished

Interior

Hot Water Natural Gas

Heating Forced Air

Cooling Central A/C

Flooring Vinyl

Heat Source Natural Gas

Laundry Hookup, Basement

Exterior

Exterior Feature Patio(s)

Waterfront N

Water Access N

Accessibility None

Porch Patio(s)

Parking Type On Street

Garage N

Building

Story 3

Foundation Slab

Sewer Public Sewer

Water Public

Architectural Style Federal

Level or Stories 3

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Baltimore City Public Schools

Others

Pets Allowed Y

Senior Community No

Tax ID 0307141652 015

Ownership Ground Rent

SqFt Source Estimated

Acceptable Financing Conventional, Exchange, Cash

Horse Property N

Listing Terms Conventional, Exchange, Cash

Financing Conventional,Exchange,Cash

Special Listing Condition Standard

Pets Description No Pet Restrictions

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Bright MLS (BMLS)
Listed by Garet Turner • EXP Realty, LLC
Bought with Rupert F Andanar • Next Step Realty

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Karen Wilkinson

+1(732) 599-1938

Agent | License ID: 0343436

Agent License ID: 0343436

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