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Key Details
Property Type Multi-Family
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 1,560 sqft
Price per Sqft $182
MLS Listing ID MDBA2184914
Style Traditional
Abv Grd Liv Area 1,040
Year Built 1985
Annual Tax Amount $3,823
Tax Year 2025
Lot Size 7,248 Sqft
Acres 0.17
Property Sub-Type Detached
Source BRIGHT
Property Description
The duplex features two well-appointed units, with Unit 1 currently vacant and previously rented for $1,500, making it primed for new tenants. Unit 2 is already generating income at $1,400 per month, with the potential for both rents to be raised. The steady tenant market in Overlea makes this an attractive option, allowing you to enjoy reliable passive income while benefiting from an appreciating asset surrounded by single-family homes selling for $350,000 to $400,000.
Recent upgrades enhance the appeal of this property, including a brand-new roof installed in 2023, featuring 50-year asphalt shingles for long-lasting durability. Unit 1 was fully renovated in 2023, showcasing stylish vinyl flooring, modern stainless steel appliances, and elegant quartz countertops. Additionally, the main drain line was replaced in 2024, ensuring peace of mind for future maintenance. The heat pumps, approximately seven years old, have also been recently serviced, providing efficient climate control for your tenants.
With rental rates in the area remaining stable since 2023, there's ample potential for rent increases in the future. The property was appraised at $295,000 in 2023, underscoring its value in a thriving neighborhood. Don't miss your chance to seize this incredible opportunity before it hits the market!
Location
State MD
County Baltimore City
Zoning R-3
Interior
Interior Features Carpet, Ceiling Fan(s), Combination Dining/Living, Floor Plan - Open
Hot Water Electric
Heating Forced Air
Cooling Central A/C
Equipment Dishwasher, Dryer, Oven/Range - Electric, Refrigerator, Washer
Fireplace N
Appliance Dishwasher, Dryer, Oven/Range - Electric, Refrigerator, Washer
Heat Source Electric
Exterior
Exterior Feature Deck(s)
Water Access N
Accessibility None
Porch Deck(s)
Garage N
Building
Foundation Crawl Space
Sewer Public Sewer
Water Public
Architectural Style Traditional
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Baltimore City Public Schools
Others
Tax ID 0327045594 006A
Ownership Fee Simple
SqFt Source 1560
Acceptable Financing Conventional, FHA, VA, Cash
Listing Terms Conventional, FHA, VA, Cash
Financing Conventional,FHA,VA,Cash
Special Listing Condition Standard
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