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1422 MADISON AVE Baltimore, MD 21217
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Key Details
Sold Price $545,000
Property Type Multi-Family
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 4,053 sqft
Price per Sqft $134
Subdivision Madison Park Historic District
MLS Listing ID MDBA2111066
Sold Date 04/17/24
Style Traditional
Abv Grd Liv Area 4,053
Originating Board BRIGHT
Year Built 1920
Annual Tax Amount $2,088
Tax Year 2023
Lot Size 2,552 Sqft
Acres 0.06
Property Description
Discover this beautifully renovated four-level building nestled in the historic and character-rich Madison Park Community. This property offers a unique investment opportunity with room for expansion in the basement and parking for two vehicles at the rear.
The building features a diverse range of apartments, each boasting its own charm and modern amenities and separately metered. On the third floor, find a spacious three-bedroom, two-bathroom unit, while the second floor a two-bedroom, two-bathroom apartment. The first floor offers a two-bedroom unit with 2.5 bathrooms. Each apartment is graced with high ceilings, large windows, and captivating streetscape views, enhancing with each level.
Additional features include modern laminated wood-finished flooring, light-filled living and dining areas, sizeable bedrooms, ample closet space, and central heating. The first-floor apartment is currently rented for $1,400 monthly, and the third floor for $1,500, with all tenants up-to-date on payments. The second-floor apartment is vacant, presenting an immediate move-in opportunity – perfect for house hackers or investors seeking to capitalize on an annual estimated cash flow of $51,600 from all three units.
Located just minutes from the metro station, Mondawmin Mall, Maryland Zoo, Druid Hill Park, and downtown attractions like stadiums, restaurants, and shopping centers, this building offers both convenience and lifestyle. Professionally managed by RIC Property Management, it also holds active lead certifications and rental licenses for each unit, ensuring a hassle-free investment.
Location
State MD
County Baltimore City
Zoning R-7
Rooms
Basement Unfinished
Interior
Interior Features Floor Plan - Open
Hot Water Natural Gas
Heating Forced Air
Cooling Window Unit(s)
Flooring Luxury Vinyl Plank
Equipment Washer, Dryer, Stove
Fireplace N
Window Features Wood Frame
Appliance Washer, Dryer, Stove
Heat Source Natural Gas
Exterior
Garage Spaces 2.0
Waterfront N
Water Access N
Roof Type Asphalt
Accessibility None
Parking Type Driveway
Total Parking Spaces 2
Garage N
Building
Foundation Block, Brick/Mortar
Sewer Public Sewer
Water Public
Architectural Style Traditional
Additional Building Above Grade, Below Grade
Structure Type 9'+ Ceilings,Dry Wall
New Construction N
Schools
School District Baltimore City Public Schools
Others
Tax ID 0314120378 012
Ownership Fee Simple
SqFt Source Estimated
Security Features Carbon Monoxide Detector(s),Fire Detection System,Exterior Cameras
Acceptable Financing Cash, Conventional, FHA, VA
Listing Terms Cash, Conventional, FHA, VA
Financing Cash,Conventional,FHA,VA
Special Listing Condition Standard
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Bought with Amber Bingham • Keller Williams Preferred Properties