CHARIS REALTY GROUP

Colonial

3712 PARKSIDE DRIVE

BALTIMORE , MD 21206

MLS#: MDBA2121126

$425,000

Status: Closed
Listing number: MDBA2121126
Listing provided by: EXP Realty, LLC
Listing agent phone: None
Last update: 1 year, 1 month ago
On site: 1 year, 10 months ago
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Property

Beds

7

Full Baths

None

1/2 Baths

None

Year Built

1920

Sq.Footage

5,866

Discover a premier investment choice in a highly desirable area with this multifamily property, currently generating a total annual rental income of $56,880, boasting a net operating income of $38,590, and offering an attractive 9.08% cap rate. This well-maintained property features five fully occupied apartments, including four one-bedroom, one-bathroom units, each offering privacy and convenience. The larger three-bedroom unit includes two bathrooms, ideal for families or shared living arrangements. A distinct advantage for both owner and tenants is the self-contained utility setup in each apartment, with individual gas and electric meters, heating systems, and water heaters, ensuring that tenants are responsible for their own utility bills. This arrangement enhances ease of management and tenant satisfaction. Further enhancing this investment's appeal, the property includes a manager's area in the basement that can be integrated with the three-bedroom unit to expand living space and increase rental income potential. Two detached garages, currently rented, provide additional revenue. Included in this offering is a vacant lot next door (3710 Parkside Dr), zoned for the development of a detached single-family home, (buyer to verify) presenting a lucrative opportunity for further development and investment diversification. This opportunity encapsulates both immediate returns and long-term growth potential. Act quickly to secure this multifaceted investment—Preapproval or Proof of Funds required prior to showing approval. 24 hours notice required for all showings.

Features & Amenities

Interior

  • Total Bedrooms

    7

  • Bathrooms

    N/A

  • Above Grade Finished Area

    4866.0

  • Basement YN

    YES

  • Cooling YN

    YES

  • Cooling

    None, Electric

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Electric, Natural Gas, Hot Water

  • Pet friendly

    N/A

Exterior

  • Garage

    Yes

  • Garage spaces

    2

  • Construction Materials

    Brick, Other

  • Parking

    Off Street, Garage, Driveway, Detached

  • Pool

    Yes

  • Pool Features

    None

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.44

  • Property Type

    Residential Income

  • Property Sub Type

    Multi Family

  • Architectural Style

    Colonial

Price

  • Sales Price

    $425,000

  • Tax Amount

    9785.0

  • Sq. Footage

    5, 866

  • Price/SqFt

    $72

HOA

  • Association

    No

School District

  • Elementary School

    GARDENVILLE

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    4

  • Foundation Details

    Block

  • Sewer

    Public Sewer

  • Tax Lot

    005

  • Water Source

    Public

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Location

County

BALTIMORE CITY

Elementary School

GARDENVILLE

Middle School

High School

Listing Courtesy of Gregory A Cullison Jr. , EXP Realty, LLC

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Agent Fuzzy Moersen

AGENT

Fuzzy Moersen

Call Fuzzy today to schedule a private showing.

(202) 498-9765

askfuzz@yahoo.com


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Discover a premier investment choice in a highly desirable area with this multifamily property, currently generating a total annual rental income of $56,880, boasting a net operating income of $38,590, and offering an attractive 9.08% cap rate. This well-maintained property features five fully occupied apartments, including four one-bedroom, one-bathroom units, each offering privacy and convenience. The larger three-bedroom unit includes two bathrooms, ideal for families or shared living arrangements. A distinct advantage for both owner and tenants is the self-contained utility setup in each apartment, with individual gas and electric meters, heating systems, and water heaters, ensuring that tenants are responsible for their own utility bills. This arrangement enhances ease of management and tenant satisfaction. Further enhancing this investment's appeal, the property includes a manager's area in the basement that can be integrated with the three-bedroom unit to expand living space and increase rental income potential. Two detached garages, currently rented, provide additional revenue. Included in this offering is a vacant lot next door (3710 Parkside Dr), zoned for the development of a detached single-family home, (buyer to verify) presenting a lucrative opportunity for further development and investment diversification. This opportunity encapsulates both immediate returns and long-term growth potential. Act quickly to secure this multifaceted investment—Preapproval or Proof of Funds required prior to showing approval. 24 hours notice required for all showings.

3712 PARKSIDE DRIVE

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