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3310 OAKFIELD Baltimore, MD 21207
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Key Details
Sold Price $462,500
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 3,095 sqft
Price per Sqft $149
MLS Listing ID MDBA2107592
Sold Date 08/01/24
Style Converted Dwelling
Abv Grd Liv Area 3,095
Originating Board BRIGHT
Year Built 1920
Annual Tax Amount $5,079
Tax Year 2022
Lot Size 7,250 Sqft
Acres 0.17
Property Description
This 5-unit property in Forest Park delivers a steady stream of guaranteed rents from program tenants. Renovated in 2018, this investment property comes equipped with updated electrical and plumbing systems, ensuring long-term stability and peace of mind for investors. The building sits on a large, tree-shaded lot and tenants can enjoy the quiet neighborhood on the large front porch. Inside each 1-bedroom apartment are laminate floors throughout the living spaces and ceramic tile floors in the kitchens and bathrooms. Kitchens feature laminate countertops, real wood cabinets and a mix of 18″, 24″ and 30″ electric ranges. Most bathrooms have modern vanities, steel tubs and ceramic tile tub surrounds, which tenants can easily clean and maintain. Apartment 3 has a shower stall with ceramic tile surround. All units are separately metered allowing tenants to pay their own utility bills. In 2020, this electric-only building was upgraded to 600 amps, with 100 amps to each apartment. Every apartment has its own electric heat pump and central air conditioning. Utility closets inside the individual units also house State Select 40-gallon electric water heaters. The landlord does pay for water, per the lease agreements. In 2022, the main sewer line from the house to the City connection was replaced, saving the next owner worry and money for costly repair. In April, 2024, a new asphalt-shingle roof was installed, along with gutters. LiveBaltimore notes that 59% of residents in Forest Park rent, so there is strong demand for affordable housing in the community. Tenants can enjoy many parks in the area, as 3310 Oakfield sits between Lake Ashburton and Forest Park Golf Course. Retail shops are located along Liberty Heights Parkway, with major grocery, ShopRite, less than 5 minutes away.
Location
State MD
County Baltimore City
Zoning R-3
Rooms
Basement Daylight, Partial, Rough Bath Plumb
Interior
Hot Water Electric
Heating Heat Pump(s)
Cooling Central A/C
Heat Source Electric
Exterior
Waterfront N
Water Access N
Roof Type Asphalt
Accessibility None
Parking Type On Street, Driveway
Garage N
Building
Foundation Stone
Sewer Public Sewer
Water Public
Architectural Style Converted Dwelling
Additional Building Above Grade
Structure Type Dry Wall
New Construction N
Schools
School District Baltimore City Public Schools
Others
Tax ID 0315022738 011
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Cash, Conventional, Private
Listing Terms Cash, Conventional, Private
Financing Cash,Conventional,Private
Special Listing Condition Standard
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Bought with Cheryl L, Sadera • Ben Frederick Realty, Inc.