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Key Details
Sold Price $250,000
Property Type Multi-Family
Sub Type End of Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 2,376 sqft
Price per Sqft $105
Subdivision None Available
MLS Listing ID MDBA2137006
Sold Date 10/03/24
Style Traditional
Abv Grd Liv Area 2,376
Originating Board BRIGHT
Year Built 1920
Annual Tax Amount $2,495
Tax Year 2024
Lot Size 1,306 Sqft
Acres 0.03
Property Description
Welcome to 3717 Greenmount Avenue, Baltimore, MD 21218—an exceptional investment opportunity nestled in the thriving Waverly community, directly across from the prestigious Guilford neighborhood. This mixed-use property offers four residential units and one commercial unit on the main -level. The commercial space is currently set up as a laundromat, complete with all necessary machines and equipment, though it is not currently in operation. This offers a unique chance to revitalize and reopen the laundromat, catering to the local community's needs—especially considering that the majority of nearby housing is rental-based, reflecting a potential demand for such a service. The four residential units are separately metered and include two studio apartments and two two-bedroom units, providing versatile rental options. All meters are conveniently located in the lower level/basement of the property. While this property is in need of a full rehab, it is attractively priced to allow for significant sweat equity and profit post-renovation. Once renovated and operating at full occupancy, this property is poised to yield substantial cap rates, making it an ideal addition to any investment portfolio. Don't miss out on the chance to transform this property into a profitable venture in one of Baltimore's up-and-coming areas!
Location
State MD
County Baltimore City
Zoning C-1
Interior
Hot Water Natural Gas
Heating Radiator
Cooling None
Fireplace N
Heat Source Natural Gas
Exterior
Waterfront N
Water Access N
Accessibility None
Parking Type On Street
Garage N
Building
Foundation Permanent
Sewer Public Sewer
Water Public
Architectural Style Traditional
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Baltimore City Public Schools
Others
Tax ID 0309204048A021B
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
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Bought with HANG YANG • Mulan Realty, Corp
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