3510 Greenmount Ave Baltimore, MD 21218

Listing Details

• Property Type: Multi-Family
• Property Sub Type: Triplex
• Structure Type: End Of Row/Townhouse
• Architectural Style: Traditional
• Ownership: Fee Simple
• Exclusions: tenants' possessions
• Historic: No
• Home Warranty: No
• New Construction: No
• Year Built: 1919
• Automatically Close On Close Date: No
• Building Winterized: No
• Remarks Public: Take a look at this rare opportunity to own a 3-unit apartment building in the prestigious Guilford neighborhood! 3510 Greenmount Ave is a sunny, light-filled end-unit building that houses two 2-bedroom apartments and one 1-bedroom apartment. Tenants enjoy the large, bright interior room sizes that this 3,272 sq. ft. building offers. There is extra storage space in the basement and a detached 2-car garage with electric in the rear. Amenities include common laundry for first and third floor units in the basement; and in-suite laundry in the second floor apartment. In addition to typical refrigerators and ranges, all units' kitchens have a dishwasher and garbage disposal. Thru-wall air conditioning units are installed throughout. A new owner will enjoy the building's hardy, easy-to-clean finishes, and durability of the copper water service and steel fire escapes. The building is serviced by a 2015 200,000 BTU Columbia gas-fired hot water boiler, and a 2010 74-gallon gas-fired State Select hot water heater; the owner pays for the cost of heat. The owner has hired an electrician to separate the electrical meters for each apartment and for public service. Guilford is one of Baltimore's most noteworthy historic neighborhoods, and is situated just minutes from John Hopkins Homewood Campus, Notre Dame University, and Loyola College. 3510 Greenmount Ave earns a 90 WalkScore, making it a "Walker's Paradise" where most errands can be accomplished on foot. With many nearby transit options and easy access to downtown Baltimore, this location is attractive to a variety of tenants in today's market. While this building is part of the Guilford HOA, no fees are imposed. Make an appointment to see this investment property today! Investment Summary: $359,000 Investment $119,677 per unit $110 per square foot 8.2 Times Market Rent (GRM) 8.7 Times Actual Rent (GRM) 7.65% Cap rate 11.2% Projected Cash-on-Cash Return
• Special Features: None

Interior Features

• Fireplace: No
• Wall Ceiling Types: Plaster Walls, Paneled Walls
• Basement: Yes
• Basement Type: Full, Unfinished
• Total Sq Ft: 4580
• Living Area Sq Ft: 3272
• Price Per Sq Ft: 109.72
• Above Grade Finished Sq Ft: 3272
• Below Grade Sq Ft: 1308
• Total Below Grade Sq Ft: 1308
• Above Grade Finished Area Units: Square Feet
• Street Number Modifier: 3510

Exterior Features

• Other Structures: Above Grade, Below Grade
• Construction Materials: Masonry
• Roof: Asphalt, Pitched
• Spa: No
• Water Access: No
• Waterfront: No
• Water Oriented: No
• Pool: No Pool
• Tidal Water: No
• Water View: No

Garage/Parking

• Garage Spaces: 2.00
• Garage: Yes
• Garage Features: Garage - Rear Entry
• Number Of Detached Garage Spaces: 2
• Total Garage And Parking Spaces: 2
• Type Of Parking: Detached Garage

Utilities

• Central Air Conditioning: No
• Cooling Fuel: Electric
• Cooling Type: Wall Unit
• Electric Service: 200+ Amp Service
• Heating Fuel: Natural Gas
• Heating Type: Radiator, Hot Water
• Heating: Yes
• Hot Water: 60+ Gallon Tank, Natural Gas
• Sewer/Septic System: Public Sewer
• Water Source: Public
• Municipal Trash: Yes

Condo/Co-op/Association

• HOA: No

Schools

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

Green Features

• Clean Green Assessed: No

Lot Info

• Improvement Assessed Value: 111100.00
• Land Assessed Value: 60000.00
• Land Use Code: 003
• Lot Size Acres: 0.09
• Lot Dimensions: 30'7" x 122'6"
• Lot Size Units: Square Feet
• Lot Sq Ft: 3754.00
• Property Condition: Average
• Year Assessed: 2020
• Zoning: R-5, LICENSED FOR 3 UNITS
• Zoning Description: R-5, Licensed for 3 Dwelling Units
• In City Limits: Yes

Rental Info

• Existing Lease Type: Month To Month, Yearly
• Ground Rent Exists: No
• Number Of Units Month To Month: 2
• Owner Pays: All Utilities, Cable Tv
• Rent Control: No
• Total Actual Rent: 41412.00
• Units Leased Count: 3
• Vacation Rental: No

Tax Info

• Assessor Parcel Number: 12956749
• Tax Annual Amount: 5367.00
• Assessor Parcel Number: 0312183724 001
• Tax Lot: 001
• Tax Total Finished Sq Ft: 3272
• County Tax Payment Frequency: Annually
• Tax Year: 2020
• Close Date: 02/04/2021

Multi Family

• Gross Scheduled Income: 43812.00

MLS Schools

• School District Name: BALTIMORE CITY PUBLIC SCHOOLS