MD > Baltimore > Charles Village
Baltimore, MD 21218,2654 MARYLAND AVE
Baltimore, MD 21218,2654 MARYLAND AVE
Baltimore, MD 21218,2654 MARYLAND AVE
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$549,000
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3,600 SqFt
Active

2654 MARYLAND AVE Baltimore, MD 21218

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Matthew Curcio

Matthew Curcio

+1(856) 207-7592

UPDATED:

09/20/2024 02:18 AM

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 3,600 sqft

Price per Sqft $152

Subdivision Charles Village

MLS Listing ID MDBA2122162

Originating Board BRIGHT

Year Built 1920

Annual Tax Amount $8,235

Tax Year 2023

Lot Size 1,275 Sqft

Acres 0.03

Lot Dimensions 15' x 85'

Property 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 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.

Location

State MD

County Baltimore City

Zoning R-8

Interior

Hot Water Natural Gas

Heating Forced Air

Cooling Central A/C

Inclusions 2 refrigerators; 2 30" gas ranges

Heat Source Natural Gas

Exterior

Water Access N

Roof Type Rubber

Accessibility None

Garage N

Building

Foundation Stone

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Baltimore City Public Schools

Others

Tax ID 0312033638 025

Ownership Fee Simple

SqFt Source Estimated

Special Listing Condition Standard

Bright MLS (BMLS)
Listed by Will A Cannon III • Ben Frederick Realty, Inc.

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Matthew Curcio

Broker Associate | License ID: 0121845

+1(856) 207-7592

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2654 MARYLAND AVE

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