1501 Druid Hill Avenue

Baltimore, MD 21217

$239,000
Price
4
Beds
2
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

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...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.
  1. Listed by Timothy L Washlack • CENTURY 21 New Millennium
    P: 7035974167 tim.washlack@c21nm.com

Property Details for 1501 Druid Hill Avenue

Tax ID Number
0314120363 037
Ownership
Fee Simple
Structure Type
End of Row/Townhouse
Style
Traditional
Waterfront
No
Garage
No
Legal Subdivision
Ward 14
Municipality
Baltimore City

Location

Listing Courtesy of CENTURY 21 New Millennium
Add your commute
LISTING UPDATED: 04/16/2024 05:50 PM

Property Details for 1501 Druid Hill Avenue

StatusActive
MLS #MDBA2113634
Days on Market73
Taxes$1,657 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1920
Lot Size0.00 AC / 0 SF
CountyBaltimore

Location

Listing Courtesy of CENTURY 21 New Millennium
Add your commute

Building Information for 1501 Druid Hill Avenue

Stories-Residences2Year Built1920Building Size-Lot Size0.00 AC / 0 SF

Payment Calculator

$1,442 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,304

Property Taxes

$138

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1501 Druid Hill Avenue

Location
Location
  • In City Limits: Yes
  • School District Name: BALTIMORE CITY PUBLIC SCHOOLS
  • School District County ID: 121137830454
  • SchoolDistrictSource: Listing Agent
  • County: BALTIMORE CITY
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2023
  • Tax Assessed Value: $70,200
  • Year Assessed: 2023
  • County Tax: $79
  • Improvement Assessed Value: $56,200
  • City Town Tax: $1,578
  • Land Assessed Value: $14,000
  • Clean Green Assessed: No
  • Land Use Code: R
  • Section: 12
  • Zoning: R-8
  • Tax Lot: 037
  • School Tax: $0
  • Automatically Update Tax Values Y/N: Yes
Lease Information
Lease Information
  • Owner Pays: Taxes - Real Estate, Insurance
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 1
  • Two Bedroom Units Count: 0
  • Three Bedroom Units Count: 1
  • Other Units: Unit 1,Unit 2
  • Units Leased Count: 2
  • Number Of Units Vacant: 0
Multi Family
Unit 1
  • Type: Unit 1
  • Unit Type Occupied YN: Yes
  • Level: 1
  • Unit Type Lease Type: Month to Month
  • Beds Total: 1
  • Full Baths Count: 1
Unit 2
  • Type: Unit 2
  • Unit Type Occupied YN: Yes
  • Level: 2
  • Unit Type Lease Type: Yearly
  • Beds Total: 3
  • Half Baths Count: 1
  • Full Baths Count: 1
Financial Information
Expenses
  • Insurance Expense: $1,500
Financial Information
  • Gross Scheduled Income: $24,600
  • Income Includes: Apartment Rentals
  • Cap Rate: 8.33
  • Existing Lease Type: Yearly
Building Info
Building Info
  • Building Level Count: 4
  • Building Units Total: 2
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Estimated
  • Parcel ID: 12969660
  • Ground Rent Exists: No
Parking
Parking
  • Type Of Parking: On Street
Interior Features
Interior Features
  • Fireplace: No
  • Accessibility Features: None
Exterior Features
Exterior Features
  • Exterior Features: Fire Escape
  • Pool: No Pool
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: Other
  • Cooling Fuel: Other
  • Heating Type: Other, Radiator
  • Heating Fuel: Other
  • Hot Water: Electric
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office
  • List Agent AOR: Northern Virginia Association of REALTORS
  • List Agent URL: www.timwashlack.com

Property History for 1501 Druid Hill Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1501 Druid Hill Avenue

Taxable ValueLand$14,000Additions$56,200Total$70,200
Tax Record2023$1,657 ($138 / month)
Home Facts
Lot Size1,400 SqFtStyleMulti-Family Dwelling (2-4)Year Built1920ZoningR-8CountyBALTIMORE CITYAPN14-12-0363 -037Fireplace TypeHas Fireplace

Schools near 1501 Druid Hill Avenue

This home is within Baltimore City Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Eutaw-Marshburn Elementary School
PublicPK to 5

Stadium School
Public6 to 8

Booker T. Washington Middle School
Public6 to 8

Vivien T. Thomas Medical Arts Academy
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1501 Druid Hill Avenue is a multi-family home for sale in Baltimore, MD 21217. This property was listed for sale on February 14, 2024 by CENTURY 21 New Millennium, it's currently listed at $239,000. It has been on the market for a total of 73 days and was last sold on March 8, 2022. This listing's school district is Baltimore City Public Schools. Nearby schools include Eutaw-Marshburn Elementary School, Stadium School and Booker T. Washington Middle School. 1501 Druid Hill Avenue is a 4-bed, 2-bath, multi-family home built in 1920.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of CENTURY 21 New Millennium

© 2024 Bright MLS. All rights reserved. All information is deemed reliable, but accuracy is not guaranteed. Listing information is from various brokers who participate in IDX and not all listings may be visible on the site. The property information being provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated on 04/16/2024 05:50 PM