3024 Auchentoroly Terrace

Description

Welcome to this Renaissance Revival Architectured property that speaks to the history of Auchentoroly Terrace Historic District. A corner lot property that towers and oversees the continuing city development of Druid Hill Reservoir Lake, in addition to, Baltimore's Zoo and Baltimore's Arboretum. Come in and view this 3 Unit w/ a zoned - separate - unfinished, yet water proofed, basement unit. In the main part of this majestic Multi-Unit you will find the 3 Units, 2 of which have solely been used as short term rentals generating significant monthly revenue. You can quickly imagine the potential of residing in one unit and, keeping the current blueprint, short term lease the other two units bringing in a substantial income stream. Each Unit has 1 (LARGE) Bedroom w/ full closets, Living Room area, Full Bathroom and each Kitchen has granite countertops with gas stoves. What if you don't care to live in the property and you see this property for the long-term Beauty she could be? Well, keep with the same blueprint and short term lease 2 Units while you renovate 1 and/ or the Basement Unit. Once they're completed, lease those out and start updating another unit, continuing the process until the whole property is complete!! I mean you will enjoy tax breaks approved by the State if you take advantage of them for doing as such (ASK ME, or your Realtor, how?) Though expired, this property did appraise for $450K in the Summer of 2022, at our current list price, this is worth you coming to view and placing your best offer(s).