3310 Oakfield Ave Gwynn Oak, MD 21207

Listing Details

• Property Type: Multi-Family
• Structure Type: Detached
• Architectural Style: Converted Dwelling
• Ownership: Fee Simple
• Exclusions: Tenants' Possessions Excluded
• Historic: No
• Inclusions: 5 fridges; 5 electric ranges
• New Construction: No
• Year Built: 1920
• Year Renovated: 2018
• Automatically Close On Close Date: No
• Remarks Public: This 5-unit property in Forest Park delivers a steady stream of guaranteed rents from program tenants. Renovated in 2018, this investment property comes equipped with updated electrical and plumbing systems, ensuring long-term stability and peace of mind for investors. The building sits on a large, tree-shaded lot and tenants can enjoy the quiet neighborhood on the large front porch. Inside each 1-bedroom apartment are laminate floors throughout the living spaces and ceramic tile floors in the kitchens and bathrooms. Kitchens feature laminate countertops, real wood cabinets and a mix of 18″, 24″ and 30″ electric ranges. Most bathrooms have modern vanities, steel tubs and ceramic tile tub surrounds, which tenants can easily clean and maintain. Apartment 3 has a shower stall with ceramic tile surround. All units are separately metered allowing tenants to pay their own utility bills. In 2020, this electric-only building was upgraded to 600 amps, with 100 amps to each apartment. Every apartment has its own electric heat pump and central air conditioning. Utility closets inside the individual units also house State Select 40-gallon electric water heaters. The landlord does pay for water, per the lease agreements. In 2022, the main sewer line from the house to the City connection was replaced, saving the next owner worry and money for costly repair. In April, 2024, a new asphalt-shingle roof was installed, along with gutters. LiveBaltimore notes that 59% of residents in Forest Park rent, so there is strong demand for affordable housing in the community. Tenants can enjoy many parks in the area, as 3310 Oakfield sits between Lake Ashburton and Forest Park Golf Course. Retail shops are located along Liberty Heights Parkway, with major grocery, ShopRite, less than 5 minutes away.
• Special Features: None
• Property Sub Type: MultiFamily

Interior Features

• Wall Ceiling Types: Dry Wall
• Foundation Details: Stone
• Basement: Yes
• Basement Type: Daylight, Partial, Rough Bath Plumb
• Total Sq Ft: 3095
• Living Area Sq Ft: 3095
• Price Per Sq Ft: 153.47
• Above Grade Finished Sq Ft: 3095
• Above Grade Finished Area Units: Square Feet
• Street Number Modifier: 3310

Exterior Features

• Other Structures: Above Grade
• Construction Materials: Frame
• Roof: Asphalt
• Water Access: No
• Waterfront: No
• Water Oriented: No
• Pool: No Pool
• Tidal Water: No
• Water View: No

Garage/Parking

• Garage: No
• Type Of Parking: On Street, Driveway

Utilities

• Central Air Conditioning: Yes
• Cooling Fuel: Electric
• Cooling Type: Central A/C
• Electric Service: 200+ Amp Service
• Heating Fuel: Electric
• Heating Type: Heat Pump(s)
• Heating: Yes
• Hot Water: Electric
• Sewer/Septic System: Public Sewer
• Water Source: Public

Schools

• School District: BALTIMORE CITY PUBLIC SCHOOLS
• School District Key: 121137830454
• School District Source: Listing Agent

Lot Info

• Land Use Code: R
• Lot Size Acres: 0.17
• Lot Size Units: Square Feet
• Lot Sq Ft: 7250.00
• Property Condition: Very Good
• Year Assessed: 2022
• Zoning: R-3
• In City Limits: Yes

Rental Info

• Units Leased Count: 4
• Vacation Rental: No

Tax Info

• Tax Annual Amount: 5079.00
• Assessor Parcel Number: 0315022738 011
• Tax Lot: 011
• County Tax Payment Frequency: Annually
• Tax Year: 2022
• Close Date: 08/01/2024

MLS Schools

• School District Name: BALTIMORE CITY PUBLIC SCHOOLS