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502 N COLLINGTON AVE Baltimore, MD 21205
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Key Details
Sold Price $150,000
Property Type Townhouse
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Subdivision Middle East
MLS Listing ID MDBA2091836
Sold Date 11/29/23
Style Federal
Bedrooms 2
Full Baths 1
HOA Y/N N
Originating Board BRIGHT
Year Built 1920
Annual Tax Amount $669
Tax Year 2021
Lot Size 845 Sqft
Acres 0.02
Property Description
Discover this meticulously maintained 2-bedroom, 1-bathroom gem, nestled in a prime location, walking distance to Johns Hopkins University (JHU) Medical Center. With a current month-to-month HCVP tenant in place, generating a robust annual cash flow of nearly $16,000, this property offers a golden investment opportunity. The well-crafted interior boasts comfortable living spaces flooded with natural light, providing tenants with a cozy haven to call home.
Featuring a tastefully designed layout, this property not only aligns with the 1% rule but also holds the potential for increased rent through a pending request with HCVP. The current tenant's stability and the promising future rental prospects make this a winning deal for savvy investors seeking a reliable income stream. However, the property can be delivered vacant with enough notice (60 days) given and this could be a new home for an owner-occupier.
Moreover, this property presents an exciting opportunity for those considering a larger investment venture. Its strategic location and solid financial performance make it a prime candidate for a portfolio expansion. Don't miss out on the chance to acquire a turnkey investment that combines effortless management with substantial returns.
**ASK US OR YOUR AGENT ABOUT A SECOND VACANT UNIT COMING AVAILABLE AFTER RENOVATIONS ON THE SAME STREET. SELLER IS ONLY LIQUIDATING THESE ASSETS TO ACQUIRE OTHERS.**
Location
State MD
County Baltimore City
Zoning R-8
Direction South
Rooms
Basement Unfinished
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Flooring Vinyl
Heat Source Natural Gas
Laundry Hookup, Basement
Exterior
Exterior Feature Patio(s)
Waterfront N
Water Access N
Accessibility None
Porch Patio(s)
Parking Type On Street
Garage N
Building
Story 3
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Federal
Level or Stories 3
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Baltimore City Public Schools
Others
Pets Allowed Y
Senior Community No
Tax ID 0307141652 015
Ownership Ground Rent
SqFt Source Estimated
Acceptable Financing Conventional, Exchange, Cash
Horse Property N
Listing Terms Conventional, Exchange, Cash
Financing Conventional,Exchange,Cash
Special Listing Condition Standard
Pets Description No Pet Restrictions
Read Less
Bought with Rupert F Andanar • Next Step Realty
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