NOT LISTED FOR SALE

Estimated Value: $347,000 - $355,068

Studio
4 Baths
2,777 Sq Ft
$126/Sq Ft Est. Value

Last Sold June 04, 2024

Last sale price $299,000 $108 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $2,228/month

46 Days on Market

Highlights

  • Second Kitchen
  • Porch
  • Electric Baseboard Heater

About This Home

As of June 2024

Embrace a unique investment opportunity at 4008 Southern Ave, Baltimore, MD 21206, where versatility meets value in a vibrant urban setting. This distinctive property hosts four separate apartments, each featuring a one-bedroom, one-bathroom layout, perfectly designed for maximized living space and rental appeal. Its prime location promises a blend of residential tranquility and convenient access to Baltimore's rich tapestry of cultural, educational, and recreational offerings, making it an irresistible choice for tenants and ensuring a steady rental demand.

Ideal for both seasoned and novice investors, this property offers the perfect entry into the multi-unit investment sphere or an innovative house hacking scenario. Live in one unit, experiencing the city's charm firsthand, while the other three apartments work for you, turning expenses into income. With its potential for stable cash flow, tax benefits, and appreciation, 4008 Southern Ave stands as a wise investment in your financial future and a tangible step towards achieving real estate success. Step into a property that not only promises a home but also an investment strategy, catering to those who see beyond the present and invest in tomorrow.

Currently, two apartments are being rented at $750/month and the 3rd tenant is in the process of being evicted. The 4th unit is rehabbed and ready for a new tenant to move in. All licenses and leases are up to date and can be verified.

Last Agent to Sell the Property

Eric Lisica

(410) 729-7700 ericlisica@kw.com Keller Williams Flagship License #650290 Listed on: 03/15/2024

Keller Williams Flagship

Last Buyer's Agent

Michael Zwarick

(240) 309-6000 mikez@kw.com Keller Williams Realty Centre License #534257-02

Keller Williams Realty Centre

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,393

Year Built

  • Built in 1915

Lot Details

  • 7,100

Parking

  • Driveway

Home Design

  • Quadruplex
  • Converted Dwelling
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • Double Hung Windows
  • Second Kitchen
  • Basement

Utilities

  • Radiator
  • Electric Baseboard Heater
  • Electric Water Heater

Additional Features

  • Porch
  • 7,100 Sq Ft Lot

Listing and Financial Details

  • Tax Lot 004
  • Assessor Parcel Number 0327025854A004

Community Details

Overview

  • 4 Units
  • Waltherson Subdivision

Building Details

  • 1 Vacant Unit

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,393

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Detached
  • Architectural Style: Converted Dwelling
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1915
  • Automatically Close On Close Date: No
  • Special Features: None

Interior Features

  • Interior Amenities: 2nd Kitchen
  • Window Features: Double Hung
  • Fireplace: No
  • Foundation Details: Other
  • Basement: Yes
  • Total Sq Ft: 3906
  • Living Area Sq Ft: 2777
  • Price Per Sq Ft: 104.39
  • Above Grade Finished Sq Ft: 2777
  • Below Grade Sq Ft: 1129
  • Total Below Grade Sq Ft: 1129
  • Above Grade Finished Area Units: Square Feet

Exterior Features

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

Garage/Parking

  • Garage: No
  • Parking Features: Concrete Driveway
  • Type Of Parking: Driveway

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Electric
  • Heating Type: Radiator, Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.16
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 7100.00
  • Outdoor Living Structures: Porch(es)
  • Zoning: R-3
  • In City Limits: Yes

Rental Info

  • Number Of Units Month To Month: 4
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 4393.00
  • Assessor Parcel Number: 0327025854A004
  • Tax Lot: 004
  • County Tax Payment Frequency: Annually
  • Tax Year: 2023

Multi Family

  • Number Of Units Vacant: 1

MLS Schools

  • School District Name: BALTIMORE CITY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 15, 2024
Closed on
May 29, 2024
Sold by
New Fortune Associates Llc
Bought by
Glowing Souls Llc
Seller's Agent
Eric Lisica
Keller Williams Flagship
Buyer's Agent
Michael Zwarick
Keller Williams Realty Centre
List Price
$289,900
Sold Price
$299,000
Premium/Discount to List
$9,100
3.14%
Views
296
Current Estimated Value
$351,034

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$52,034
Avg. Annual Appreciation
10.28%
Original Mortgage
$239,200
Outstanding Balance
$236,147
Interest Rate
7.02%
Mortgage Type
New Conventional
Estimated Equity
$114,887

Purchase Details

Listed on
Jan 4, 2022
Closed on
Feb 15, 2022
Sold by
Disclaimer Trust
Bought by
New Fortune Associates Llc
Seller's Agent
Daniel Billig
A.J. Billig & Company
Buyer's Agent
Daniel Billig
A.J. Billig & Company
List Price
$150,000
Sold Price
$222,600
Premium/Discount to List
$72,600
48.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.69%

Purchase Details

Closed on
Mar 21, 2013
Sold by
Marmaras George F and Marmaras Peggy
Bought by
Marmaras George F and Marmaras Peggy

Purchase Details

Closed on
Jun 18, 2001
Sold by
Geraldine F Lowe Hus
Bought by
Marmaras George and Marmaras Peggy
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Glowing Souls Llc $299,000 Assurance Title
Glowing Souls Llc $299,000 Assurance Title
New Fortune Associates Llc $222,600 Swan Title
Marmaras George F -- None Available
Marmaras George $85,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Glowing Souls Llc $239,200
Closed Glowing Souls Llc $239,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/04/2024 06/04/24 Sold $299,000 +3.1% $108 / Sq Ft
04/30/2024 04/30/24 Pending -- -- --
04/22/2024 04/22/24 For Sale $289,900 0.0% $104 / Sq Ft
04/17/2024 04/17/24 Pending -- -- --
04/14/2024 04/14/24 Price Changed $289,900 -3.3% $104 / Sq Ft
04/02/2024 04/02/24 Price Changed $299,900 +66.7% $108 / Sq Ft
03/15/2024 03/15/24 For Sale $179,900 -19.2% $65 / Sq Ft
02/15/2022 02/15/22 Sold $222,600 +48.4% $80 / Sq Ft View Prior Sale
02/02/2022 02/02/22 Pending -- -- --
01/04/2022 01/04/22 For Sale $150,000 -- $54 / Sq Ft
Source: Bright MLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,383 $201,733 -- --
2024 $4,383 $186,600 $52,000 $134,600
2023 $4,393 $186,133 $0 $0
2022 $4,382 $185,667 $0 $0
2021 $4,371 $185,200 $52,000 $133,200
2020 $4,221 $178,867 $0 $0
2019 $4,052 $172,533 $0 $0
2018 $3,922 $166,200 $52,000 $114,200
2017 $3,922 $166,200 $0 $0
2016 $4,195 $166,200 $0 $0
2015 $4,195 $204,800 $0 $0
2014 $4,195 $195,567 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDBA2117976

Bright MLS

APN: 5854A-004