$239,000
1501 Druid Hill Ave, Baltimore, MD, 21217
Great Investment Opportunity! This two-apartment brownstone boasts two distinct living spaces. The lower unit features a one-bedroom, one-bathroom layout, while the upper unit offers enhanced accommodations with three bedrooms and 1.5 full bathrooms. Both units are currently tenant occupied, ensuring immediate cash flow and eliminating the hassle of securing tenants. With a robust Capitalization Rate of 8.3%, this property offers investors exceptional income-generating potential. A significant advantage of this property is the tenant responsibility for all utilities. This arrangement alleviates the burden on the owner, resulting in lower operational costs and increased net income. Sold in as-is condition.
Facts & Features
| MLS® # | MDBA2113634 |
|---|---|
| Price | $239,000 |
| Bathrooms | 0.00 |
| Acres | 0.00 |
| Year Built | 1920 |
| Type | Multi-Family |
| Sub-Type | End of Row/Townhouse, Duplex |
| Style | Traditional |
| Status | Active |
Community Information
| Address | 1501 Druid Hill Ave |
|---|---|
| City | Baltimore |
| County | BALTIMORE CITY-MD |
| State | MD |
| Municipality | Baltimore City |
| Zip Code | 21217 |
| Senior Community | No |
Amenities
| Is Waterfront | No |
|---|
Interior
| Heating | Other, Radiator |
|---|---|
| Cooling | Other |
| Has Basement | No |
| Fireplace | No |
| # of Stories | 4 |
Exterior
| Exterior | Brick and Siding |
|---|---|
| Exterior Features | Fire Escape |
| Foundation | Other |
School Information
| District | BALTIMORE CITY PUBLIC SCHOOLS |
|---|
Additional Information
| Date Listed | February 14th, 2024 |
|---|---|
| Days on Market | 79 |
| Zoning | R-8 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | CENTURY 21 New Millennium |
|---|---|
| Contact Info | 7038180111 |