3712 Parkside Drive

BALTIMORE, MD 21206

  • 0 Bed(s)
  • 0 Bath(s)
  • 4,866 Sqft
  • 19176
    Sqft(Lot)
$425,000

Description

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.

  • Property Type

    Multi-Family

  • Subdivision

    None Available

  • County

    BALTIMORE CITY

  • Style

    Colonial

  • AD ID

    45475755

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Property Details

  • Water/Sewer

    • Water Source : Public

    Interior Features

    • Basement Description: Improved,Interior Access,Outside Entrance,Connecting Stairway,Partially Finished,Walkout Stairs

    Heating & Cooling

    • Cooling: None
    • Heating: Hot Water
    • Cooling Fuel: Electric
    • Heating Fuel: Electric,Natural Gas

  • Building Information

    • Year Built: 1920
    • Structure: Detached
    • New Construction: No
    • Total Units: 4
    • Built: 1920
    • Construction Material: Brick,Other
    • Foundation/Basement: Block
    • Architecture: Colonial
    • Pool/Private: No Pool

    Pool Information

    • Pool: No Pool

    Utility Features

    • Sewer: Public Sewer

    Water

    • Water Heat: Electric,Natural Gas

  • Lot Information

    • Lot Size: 19,176
    • Lot Size (Acres): 0.44
    • Architectural Style: Colonial
    • Stories Total: 4
    • Main Square Feet: 19,176

    Property Information

    • SQ ft: 6,466
    • SQ ft (Living Area): 5,866
    • Total Lot SQ ft: 19,176
    • Financing: Cash,Bank Portfolio,Other
    • Total Acreage: 0.44
    • New Construction: No
    • Type: Colonial

  • Listing Information

    • Possession: Settlement
    • Days Of Market: 112

  • Tax Information

    • Annual Tax: $9,785
    • Tax Year: 2024
    • Total Taxes Payment Frequency: Annually

    Possession

    • Settlement

    Assessment Information

    • Taxes Assessment Amount: $422,200

  • Parking Information

    • Garage: 2
    • Garage Type: Garage - Front Entry
    • Parking Type: Off Street,Detached Garage,Driveway

    Multi-Unit Information

    • Acceptable Financing: Cash,Bank Portfolio,Other

    Homeowners Association Information

    • Direction: Route 1 to Parkside Drive

  • School Information

    • Elementary School: GARDENVILLE
    • School District: BALTIMORE CITY PUBLIC SCHOOLS

    Utility Information

    • Water Source: Public
    • Sewer: Public Sewer
    • Cooling Fuel: Electric
    • Heating Fuel: Electric,Natural Gas
    • Hot Water: Electric,Natural Gas

    Location Information

    • Direction: Route 1 to Parkside Drive
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BuyOwner last updated this listing 11/15/2024 @ 01:04

  • MLS: MDBA2121126
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: BRIGHT MLS

is a Other, with 0 bedrooms which is recently sold, it has 4,866 sqft, 19,176 sized lot, and 2 parking. are nearby neighborhoods.