3228 Miller Avenue

    BALTIMORE, MD 21220
    • $635,000
    • STATUS: Active
    • ON SITE: 13 days
    • ID#: MDBC331178
    UPDATED: 27 min ago
    $635,000
    • 0
      BEDS
    • 0.41
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,872
      SQFT
    • $164
      $/SQFT
    Type:
    Commercial
    Built:
    1940
    County:

    School Ratings & Info

    Description

    Solidly constructed eight unit building in Middle River*Excellent opportunity for the savvy investor to purchase and upgrade* Other two bedroom units in the area are getting over $1100 per month rent* Each unit has two bedrooms and is approximately 600 sq ft*Seven of the eight are currently occupied* Long term tenants mostly on month to month leases * Rents are well below market rate at $750 * Improve and reap the benefits* Each apt has a spacious dining area, a separate living room , 12x 10 kitchen ,two bedrooms and a bath * Each tenant has a secure storage area in common area of basement * Basement has pay washer and dryer for tenants use* Owner gets share of laundry proceeds*Each unit has separate gas and electric meters* Propane gas powers the water heaters and stoves*Each tenant has an account with Amerigas, the company that keeps the gas tank full* Heat is electric baseboard* New roof installed two years ago* Owner pays water bill which is averaging $220/month * Expense disclosed include 5% vacancy rate ,insurance ,taxes ,water and $10,000 maintenance allowance* Showing are arranged through listing agent* Open house this Saturday 1/5/19 from 12-2*

    Monthly Payment Calculator

    ©2019 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2019-01-16T06:55:26.303.
    www.darthomes.com/homes/90548237

    3228 Miller Avenue BALTIMORE, MD 21220

    • Price: $635,000
    • Status: Active
    • Updated: 27 min ago
    • ID#: MDBC331178
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.41
    Acres
    3,872
    SQFT
    $164
    $/SQFT
    1940
    Built
    County:
    Baltimore
    School District:
    Baltimore County Public Schools
    Property Description
    Solidly constructed eight unit building in Middle River*Excellent opportunity for the savvy investor to purchase and upgrade* Other two bedroom units in the area are getting over $1100 per month rent* Each unit has two bedrooms and is approximately 600 sq ft*Seven of the eight are currently occupied* Long term tenants mostly on month to month leases * Rents are well below market rate at $750 * Improve and reap the benefits* Each apt has a spacious dining area, a separate living room , 12x 10 kitchen ,two bedrooms and a bath * Each tenant has a secure storage area in common area of basement * Basement has pay washer and dryer for tenants use* Owner gets share of laundry proceeds*Each unit has separate gas and electric meters* Propane gas powers the water heaters and stoves*Each tenant has an account with Amerigas, the company that keeps the gas tank full* Heat is electric baseboard* New roof installed two years ago* Owner pays water bill which is averaging $220/month * Expense disclosed include 5% vacancy rate ,insurance ,taxes ,water and $10,000 maintenance allowance* Showing are arranged through listing agent* Open house this Saturday 1/5/19 from 12-2*
    Exterior Features

    Construction Materials BlockStone Garage YN No Other Structures Above GradeBelow Grade Parking Types On Street Property Condition As-Is ConditionNeeds WorkRehabilitation Potential Riparian Rights YN No Water Access YN No Water Oriented YN No Waterfront YN No

    Interior Features

    Below Grade Finished Area 0 Below Grade Unfinished Area 0 Building Area Total 3872.00 Cooling None Heating Hot Water Heating YN Yes Living Area 3872 Net Square Feet 3872.00

    Property Features

    Accessibility Features None Annual Gross Expense 25600.00 Assessment Year 2018 Association YN No Business Type Apartment Building Central Air YN No Cooling Fuel None Electric 200+ Amp Service Entry Level 1 Gross Income 71200.00 Heating Fuel Electric Hot Water Propane Incorporated City Name Middle River Insurance Expense 3000.00 Maintenance Expense 10000.00 Months Rent Up Front 1.00 Navigable Water YN N Net Operating Income 42260.00 New Construction YN No Number Of Units Total 8 Operating Expense 25600.00 Operating Expense Includes Insurance Original MLSNumber 301276467769 Other Expense 3500.00 Owner Pays Advertising/Licenses And PermitsCommon Area MaintenanceInsuranceLawn/Shrub CareTaxes - Real EstateWater Ownership Interest Fee Simple Possession Settlement Property Sub Type Five Or More Units Sale Type Standard Sewer Public Sewer Tax Annual Amount 7714.0 Tax Assessment Amount 315533.0 Tax Lot 9 Total Actual Rent 70800.00 Utilities Propane Vacation Rental YN No Water Source Public Zoning Dr16

    Listing courtesy of Long & Foster Real Estate, Inc..
    ©2019 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2019-01-16T06:55:26.303.
     
    Dart Homes
    15245 Shady Grove RD. #100
    Rockville MD, 20850