2654 Maryland Avenue
2654 Maryland Avenue
Baltimore, MD 21218
$595,000
Price
—
Beds
3,600 Sq. Ft.
$165 / Sq. Ft.
3,600
Sq. Ft.
$165
per Sq. Ft.
Description
> Located Just Three Blocks from Johns Hopkins University Homewood Campus, Apartments Are in High Demand by Young Professionals and Students
> Long Term NNN Commercial Tenant Leased Through Spring 2027, Paying 20% Toward Property Taxes & Hazard Insurance, Improving Cash Flow
> 3,600 Sq. Ft. End-of-Group Rowhome, Providing Tenants With 60% More Space Than Other Homes On the Same Block
> Opportunity to Improve Apartments and Greatly Increase Rents. The first-floor salon has great far-corner exposure on...> Located Just Three Blocks from Johns Hopkins University Homewood Campus, Apartments Are in High Demand by Young Professionals and Students
> Long Term NNN Commercial Tenant Leased Through Spring 2027, Paying 20% Toward Property Taxes & Hazard Insurance, Improving Cash Flow
> 3,600 Sq. Ft. End-of-Group Rowhome, Providing Tenants With 60% More Space Than Other Homes On the Same Block
> Opportunity to Improve Apartments and Greatly Increase Rents. The first-floor salon has great far-corner exposure on both Maryland Avenue and 27th Street, with two large storefront windows. The salon has both hardwood and laminate flooring throughout, with high ceilings and recessed lighting. Locally owned and operated, the salon has two popular stylists offering services, with two hair drying stations and a shampoo bowl. The tenant has made warm, inviting improvements to the space. The second and third floor each house a 3-bedroom apartment, with similar layouts to one another. Accessed by a shared entry on 27th Street, each apartment spans an entire floor. As an end-of-group row home, each apartment has 12 windows, providing lots of natural light. With a formal living/dining room and three large bedrooms, these apartments boast plenty of living space for tenants to enjoy. Kitchens feature wood and melamine cabinets, laminate counters, 30″ gas ranges, stainless steel sinks, and garbage disposals. Bedrooms are generously sized, and full bathrooms have modern vanities and 5′ tubs. The commercial tenant is on a triple net lease (NNN) and responsible for 20% of the property taxes, owner’s hazard insurance policy, and water/sewer bill. Each tenant pays their own gas and electric bill, and each tenant controls their own heating and air conditioning. The landlord is currently paying for water for the apartments, but the leases do provide for a bill-back, which would increase cash flow. Each apartment has its own gas-fired furnace with central air conditioning. One gas-fired water heater serves the entire building, installed in 2018. Interior plumbing supply lines are a mix of copper and CPVC; interior plumbing drain lines are PVC. The partial, unfinished basement is used for storage, has an operable full bathroom and is leased for $525/month. This mixed-use 3-unit in Charles Village is located just three blocks south of Johns Hopkins University Homewood campus, and two blocks south of Wyman Park Dell. Tenants enjoy a quick walk to the Charles Village Shopping District, and I-83 provides a quick commute to downtown Baltimore. 2653 Maryland Avenue garners a “Walker’s Paradise” designation, with a 94 Walk Score, a 76 Transit Score, and an 88 Bike Score, being located along the Maryland Avenue Cycle Track. RHouse, Remington’s trendy food hall, is home to popular stalls like BRD and Hilo Poké & Sushi, and is within a 5-minute walk.
> Long Term NNN Commercial Tenant Leased Through Spring 2027, Paying 20% Toward Property Taxes & Hazard Insurance, Improving Cash Flow
> 3,600 Sq. Ft. End-of-Group Rowhome, Providing Tenants With 60% More Space Than Other Homes On the Same Block
> Opportunity to Improve Apartments and Greatly Increase Rents. The first-floor salon has great far-corner exposure on...> Located Just Three Blocks from Johns Hopkins University Homewood Campus, Apartments Are in High Demand by Young Professionals and Students
> Long Term NNN Commercial Tenant Leased Through Spring 2027, Paying 20% Toward Property Taxes & Hazard Insurance, Improving Cash Flow
> 3,600 Sq. Ft. End-of-Group Rowhome, Providing Tenants With 60% More Space Than Other Homes On the Same Block
> Opportunity to Improve Apartments and Greatly Increase Rents. The first-floor salon has great far-corner exposure on both Maryland Avenue and 27th Street, with two large storefront windows. The salon has both hardwood and laminate flooring throughout, with high ceilings and recessed lighting. Locally owned and operated, the salon has two popular stylists offering services, with two hair drying stations and a shampoo bowl. The tenant has made warm, inviting improvements to the space. The second and third floor each house a 3-bedroom apartment, with similar layouts to one another. Accessed by a shared entry on 27th Street, each apartment spans an entire floor. As an end-of-group row home, each apartment has 12 windows, providing lots of natural light. With a formal living/dining room and three large bedrooms, these apartments boast plenty of living space for tenants to enjoy. Kitchens feature wood and melamine cabinets, laminate counters, 30″ gas ranges, stainless steel sinks, and garbage disposals. Bedrooms are generously sized, and full bathrooms have modern vanities and 5′ tubs. The commercial tenant is on a triple net lease (NNN) and responsible for 20% of the property taxes, owner’s hazard insurance policy, and water/sewer bill. Each tenant pays their own gas and electric bill, and each tenant controls their own heating and air conditioning. The landlord is currently paying for water for the apartments, but the leases do provide for a bill-back, which would increase cash flow. Each apartment has its own gas-fired furnace with central air conditioning. One gas-fired water heater serves the entire building, installed in 2018. Interior plumbing supply lines are a mix of copper and CPVC; interior plumbing drain lines are PVC. The partial, unfinished basement is used for storage, has an operable full bathroom and is leased for $525/month. This mixed-use 3-unit in Charles Village is located just three blocks south of Johns Hopkins University Homewood campus, and two blocks south of Wyman Park Dell. Tenants enjoy a quick walk to the Charles Village Shopping District, and I-83 provides a quick commute to downtown Baltimore. 2653 Maryland Avenue garners a “Walker’s Paradise” designation, with a 94 Walk Score, a 76 Transit Score, and an 88 Bike Score, being located along the Maryland Avenue Cycle Track. RHouse, Remington’s trendy food hall, is home to popular stalls like BRD and Hilo Poké & Sushi, and is within a 5-minute walk.
- Listed by Will A Cannon III • Ben Frederick Realty, Inc.P: 4109163331 will@benfrederick.com
- Listed by Cheryl L, Sadera • Ben Frederick Realty, Inc.P: 4106881348 cheryl@benfrederick.com
Property Details for 2654 Maryland Avenue
Tax ID Number
0312033638 025
OwnershipFee Simple
Structure TypeEnd of Row/Townhouse
StyleConverted Dwelling
WaterfrontNo
GarageNo
Legal SubdivisionWard 12
MunicipalityBaltimore City
Location
Listing Courtesy of Ben Frederick Realty, Inc.
Add your commute
LISTING UPDATED: 04/18/2024 04:33 PM
Property Details for 2654 Maryland Avenue
| Status | Active |
|---|---|
| MLS # | MDBA2122156 |
| Days on Market | 15 |
| Taxes | $8,235 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family / Fee Simple |
| Year Built | 1920 |
| Lot Size | 0.03 AC / 1,275 SF |
| County | Baltimore |
Location
Listing Courtesy of Ben Frederick Realty, Inc.
Add your commute
Building Information for 2654 Maryland Avenue
Stories-Residences3Year Built1920Building Size-Lot Size0.03 AC / 1,275 SF
Payment Calculator
$3,933 per month
30 year fixed, 7.25% Interest
Principal and Interest
$3,247
Property Taxes
$686
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 2654 Maryland 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: $348,933
- Year Assessed: 2023
- County Tax: $391
- Improvement Assessed Value: $246,000
- City Town Tax: $7,844
- Land Assessed Value: $90,000
- Clean Green Assessed: No
- Land Use Code: C
- Section: 03
- Zoning: R-8
- Tax Lot: 025
- School Tax: $0
- Automatically Update Tax Values Y/N: Yes
Unit Information
Unit Information
- Single Room Units Count: 1
- One Bedroom Units Count: 0
- Two Bedroom Units Count: 0
- Three Bedroom Units Count: 2
- Units Leased Count: 4
Building Info
Building Info
- Building Units Total: 3
- Total Finished SQFT: 3,600.00
- Total Finished SQFT Source: Assessor
- Tax Total Finished SQFT: 3,600.00
- Total SQFT: 3,600.00
- Total SQFT Source: Assessor
- Construction Materials: Brick
- Roof: Rubber
- Wall and Ceiling Types: Plaster Walls, Dry Wall
- Foundation Details: Stone
- Other Structure: Above Grade, Below Grade
Lot / Land Information
Lot / Land Information
- Lot Size Source: Estimated
- Lot Size Dimensions: 15' x 85'
- Lot Dimensions Source: Estimated
- Parcel ID: 12951568
Parking
Parking
- Type Of Parking: On Street
Interior Features
Interior Features
- Fireplace: No
- Accessibility Features: None
Exterior Features
Exterior Features
- Pool: No Pool
Utilities
Utilities
- Heating: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Electric
- Heating Type: Forced Air
- Heating Fuel: Natural Gas
- Hot Water: Natural Gas
- Water Source: Public
- Sewer Septic: Public Sewer
Confidential Data
Listing Office
- List Agent AOR: Greater Baltimore Board of REALTORS
Property History for 2654 Maryland Avenue
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 2654 Maryland Avenue
Taxable ValueLand-Additions-Total-
Tax Record2023$8,235 ($686 / month)
Home Facts
Baths2.5Total Finished SqFt3,600 SqFtAbove Grade Finished SqFt3,600 SqFtStories3Lot Size1,275 SqFtStyleStoresYear Built1920ZoningR-8CountyBALTIMORE CITYAPN12-03-3638 -025Fireplace TypeHas Fireplace
Schools near 2654 Maryland Avenue
This home is within Baltimore City Public Schools.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 8 | |||
| Public - | 6 to 8 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Margaret Brent Elementary School PublicPK to 8 | ||
Stadium School Public6 to 8 | ||
Booker T. Washington Middle School Public6 to 8 | ||
Augusta Fells Savage Institute Of Visual Arts 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.
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Listing Courtesy of Ben Frederick Realty, Inc.
© 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 04/18/2024 04:33 PM