1813 Park: Stable Tenants in this 100% Leased 3-Unit in Reservoir Hill near MICA

1813 Park: Stable Tenants in this 100% Leased 3-Unit in Reservoir Hill near MICA

1813 Park: Stable Tenants in this 100% Leased 3-Unit in Reservoir Hill near MICA

1813 Park Ave, Baltimore, MD 21217, USA

SOLD COMP

$142,000

Property ID :

 Park1813

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Units
3
Bathrooms
3
Garage
1
Sq Ft.
2550

Description

Price reduced! An outstanding value at $159,000. Well maintained property in older-condition with long-term stable tenants who pay their own utilities.  Across the street is an 8-acre parcel slated for redevelopment.  To the south is Maryland Institute College of Art, one of the best art schools in the country.  Reservoir Hill is full of life and spirit as residents have banded together to form a strong neighborhood association that includes a community farming project on nearby Whitelock Street.  The first floor and basement comprise a 2-story 2-bedroom apartment with a den, large living room with 10′ ceiling and marble fire place, dining room with real working pocket doors leading to an eat-in kitchen with another marble fireplace.  The lower level features a walk-out to a rear patio, 2 full size bedrooms with good natural light, a den, and laundry facilities inside this apartment.  The second floor one-bedroom has high ceilings, fire place mantel, and wood floors.  The third floor features another one-bedroom apartment.  See the Cash Flow Statement for details on rental rates, property taxes, etc.

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