615, South Paca Street, Ridgely's Delight, Baltimore, Maryland, 21230, United States
SOLD COMP
$282,500 $285,000
Property ID :
RH-21338-property
This is a great opportunity to own a spacious 4 bedroom, 2 full bathroom rental house tucked into a quiet tree lined street in Ridgey’s Delight within a 5 minute walk to University of Maryland Medical Downtown Campus and its 5 graduate schools which are a great source of ready graduate school tenants. The rental house is also a 5 minite walk to Camden Yards/ Ravens Stadium and all their adjoining bars and resturants. The property, with it’s traditional layout and backyard/parking could easily be used as a single family home by a growing young family as well.
The rental house layout makes for easy communal living with its 2 large common areas on the first floor and a large kitchen with ample counter and cabinet space. Modern appliances including refrigerator, 30″ electric range, dishwasher, disposal and stacked washer dryer make for a user friendly kitchen. There are four generously sized bedrooms on the second and third floors. The two full baths are located on the second floor, both bathrooms have modern vanities, ceramic tile floors and tub/shower ceramic tile surrounds. The property is complimented by a nice backyard/garden and good sized parking pad for desirable off street parking. A “community only” parking lot across the alley makes parking a breeze for additional renters or family members.
The physical plant for this property is in good shape. There is one electric meter and one gas meter. The current tenants pay both gas and electric splitting the bill 4 ways. The landlord currently pays for water which could be billed back to the tenant to increase investment returns. There is 200 AMP service coming into the building with the panel in the basement. There is a gas fired furnace/ central air conditioning and a 60 gallon electric hot water heater.
The location of 615 South Paca is prime! Tucked into a quiet tree lined street in Ridgely’s Delight, you wouldn’t believe you are a 5 minute walk from both the University of Maryland Medical Downtown Campus, its 5 graduate schools and Camden Yards/M&T Bank stadium. 615 South Paca has a Walk Score of 92 out of 100. This location is a walker’s paradise, so daily errands don’t require a car. The location has a crime grade of A, making it one of the safest neighborhoods in Baltimore. The nicely kept Melvin Street Tot Lot is located a five minute walk from your front door, adding to the great neighborhood vibe.
Unless and until there is a written Buyer-Broker Agency Agreement signed with a prospective Buyer, then Ben Frederick Realty, Inc., Ben Frederick Realty, Inc. represents the Seller. Please click here to download the Maryland Real Estate Commission form “Understanding Whom Real Estate Agents Represent”.
Owning a home is a keystone of wealth… both financial affluence and emotional security.
Suze Orman