Come check out this great investment property. A great opportunity to own an income-producing property in a celebrated Baltimore neighborhood, Station North- Greenmount West.
With today’s low interest rates you can get a great DEAL!! 18% Cash-on-Cash return.
Current annual income is: $70,620.00
What's amazing about this property is that there is potential for a 4th unit on the top level and the basement can be completed into another unit which can generate another $50,400 a year in rental income.
143 E. North Ave has three 3 bedroom / 3 bath apartments, a top floor vacant* full unit that can be converted into another 3 bedroom 3 bath unit with a potential rent of $2100 a month.
The basement is used for storage but can be converted into another unit with over 2K sq. feet to work with.
That is an additional $4,200 a month!
The rehab was a full gut and was completed back in 2017 with all new:
Plumbing, Electric, HVAC, Walls, Flooring, Kitchen, Windows
A new owner should expect very low maintenance cost from the rehab that was done very recently.
Tenants from all over enjoy living here especially students and those commuting to DC. MICA is a 12 minute walk, UB is about a 5 minute walk and the JHU shuttle is down the street from the building.
TransitScore of 72, and a Walk Score of 87.
About the area:
This location is a Walker’s Paradise for daily errands that do not require a car.
143 East North Avenue is a six minute walk from the MARC PENN - WASHINGTON at the PENN STATION MARC sb stop.
This location is in the Greenmount West neighborhood in Baltimore. Walking distance to theaters, schools, bars, restaurants and parks.
*a permit is needed to convert it to a 4 unit dwelling.
Listing information provided courtesy of the Bright MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 3rd March, 2021 5:07 AM
For ADA assistance, please email email@example.com. If you experience difficulty in accessing any part of this website, email us, and we will work with you to provide the information you seek through an alternate communication method.