• 10 Front Porch
  • 11 3631 Elm Ave
  • 12 Street View
  • 82 Rear Yard
  • 83 Rear Yard
  • 08 Entrance Hall
  • 09 Entrance Hall
  • 10 Apt 1 Living Room
  • 11 Apt 1 Living Room
  • 12 Apt 1 Kitchen
  • 13 Apt 1 Kitchen
  • 14 Apt 1 Bedroom 1
  • 15 Apt 1 Bedroom 2
  • 16 Apt 1 Bathroom
  • 17 Apt 1 Bathroom
  • 19 Second Floor Hall
  • 22 2nd Floor Dining Room
  • 21 2nd Floor Dining Room
  • 23 2nd Floor Kitchen
  • 24 2nd Floor Kitchen
  • 25 2nd Floor Kitchen Vintage Cabinet
  • 28 2nd Floor Bedroom 2
  • 27 2nd Floor Bathroom
  • 26 2nd Floor Bedroom 1
  • 30 Apt 3 Living Rom
  • 31 Apt 3 Living Room
  • 32 Apt 3 Dining Room
  • 33 Apt 3 Dining Room
  • 34 Apt 3 Kitchen
  • 36 Apt 3 Bathroom
  • 36 Apt 3 Kitchen
  • 37 Apt 3 Bedroom 1
  • 38 Apt 3 Bedroom 1
  • 70 Free Washer and Dryer for Tenants
  • 71 Electric Meters
  • 72 Gas Meters
  • 73 Oil Furnace
  • 74 New Oil Tank in Rear Yard
  • 75 Apt 1 Water Heater and Boiler
  • 79 Wood structure

Property ID : Elm3631

Sold Comp $270,000.00 - Apartment Building, Townhouse
2598 3 Units 3 Bathrooms  Add to Favorites Print

Fully leased 3-Unit.  Spacious Porch-front End-of-Group each with 2-Bedrooms just off of “The Avenue”.  Some kitchens and baths have been remodeled and some are vintage.   Hardwood floors, plaster walls with high ceilings.

30′ wide lot with large fenced rear yard offering possibilities to add parking.

Located just off of “The Avenue” with all of its shopping and entertainment possibilities plus good access to transportation.  2 blocks south of the newly redeveloped “Rotunda”.  Check out this video from the Hampden Merchants Association

This property has below market rents and offers an excellent opportunity to improve cash flow with some choice upgrades and improved marketing.  Hampden is one of the hottest neighborhoods in Baltimore so this one won’t last long.  Check out this

Investment Summary:

$300,000  investment
$ 100,000 per unit
$115 per sq.ft.
$2,685 monthly rent with tenants paying all utilities
9   Times Gross Rent
7.5  Cap Rate

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Agent Meet Ben Frederick, III, CCIM

  • Mobile : 410-752-6400
  • Fax : 410-435-5041

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