Baltimore, MD 21216,3516 SPRINGDALE AVE
Baltimore, MD 21216,3516 SPRINGDALE AVE
Baltimore, MD 21216,3516 SPRINGDALE AVE
Baltimore, MD 21216,3516 SPRINGDALE AVE
Baltimore, MD 21216,3516 SPRINGDALE AVE
Baltimore, MD 21216,3516 SPRINGDALE AVE
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$240,000

$280,000

14.3%
Est.Price: ?

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Est. payment /mo

2,826 SqFt


SOLD DATE : 01/23/2024

Key Details

Sold Price $240,000

Property Type Multi-Family

Sub Type Other

Listing Status Sold

Purchase Type For Sale

Square Footage 2,826 sqft

Price per Sqft $84

Subdivision Forest Park

MLS Listing ID MDBA2108144

Sold Date 01/23/24

Style Other

Abv Grd Liv Area 2,826

Originating Board BRIGHT

Year Built 1910

Annual Tax Amount $4,526

Tax Year 2023

Lot Size 8,712 Sqft

Acres 0.2

Property Description

ATTENTION BUY AND HOLD INVESTORS!!

Welcome to 3516 Springdale Avenue, a prime three-unit rental property nestled in the heart of Baltimore, offering a lucrative opportunity for savvy buy-and-hold investors. This strategically located investment property presents a compelling proposition with its mix of two currently occupied units and one vacant unit awaiting your personalized touch.

The property has immediate income generation. The two occupied units contribute to a steady cash flow, while the third unit offers an excellent canvas for enhancement, allowing investors to increase the property's overall value.

Situated in a vibrant neighborhood, 3516 Springdale Avenue enjoys proximity to local amenities, schools, and public transportation, making it an attractive option for tenants seeking convenience and accessibility. The property's location also enhances its potential for long-term appreciation, adding an extra layer of value for investors looking for sustained growth.

As the real estate market in Baltimore continues to show promise, this three-unit rental property stands out as an exceptional investment opportunity. With a mix of existing income and the potential for increased returns through strategic improvements, 3516 Springdale Avenue is a solid foundation for a robust and diversified investment portfolio.

Location

State MD

County Baltimore City

Zoning RESIDENTIAL

Rooms

Basement Other

Interior

Interior Features Entry Level Bedroom, Window Treatments, Wood Floors

Hot Water Natural Gas

Heating Forced Air

Cooling None

Equipment Oven/Range - Gas, Refrigerator

Fireplace N

Appliance Oven/Range - Gas, Refrigerator

Heat Source Natural Gas

Exterior

Parking Features Other

Garage Spaces 3.0

Water Access N

Accessibility None

Total Parking Spaces 3

Garage Y

Building

Sewer Public Sewer

Water None

Architectural Style Other

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Baltimore City Public Schools

Others

Tax ID 0315262910 009

Ownership Fee Simple

SqFt Source Estimated

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Sheri Smith • EXP Realty, LLC
Bought with Federico Busacca • EXP Realty, LLC
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