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5924 Bellona Avenue

BALTIMORE, MD 21212
  • $419,000
  • STATUS: Closed
  • ON SITE: 259 Days
  • ID#: MDBA2098402
Sold - 10/10/2023
$419,000
SOLD - 10/10/2023
  • 0
    BEDS
  • 0.38
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,968
    SQFT
  • $0
    $/SQFT
Type:
Multi-Family
Built:
1900
County:

School Ratings & Info

Description

A rare well-maintained 3 unit gem in Homeland! One of only three multifamily properties to go on the market in Homeland in the last 10 years! Property includes two 2bd/2ba units and one 1bd/1ba unit. Long-term tenants with under-market leases. Units include hardwood floors, original charm, laminate countertops, tile bathrooms and spacious layouts. Laundry located in the basement with storage for all units. Property has been well-cared for and within the same family for over 30 years. Central boiler was recently replaced. Separate meters for gas and electric for all units. Large rear yard and bonus lot that is has subdivision potential. Property is oozing with potential and cash flow can be improved by raising rental rates to market rate, installing a water reimbursement program, upgrading kitchens and bathrooms, adding central air and adding laundry to all units. Potential for a 10%+ cap rate, which is unheard of in this market. Perfect for a savvy investor or owner-occupant. Truly a once-in-a-lifetime opportunity for this neighborhood. Access by open house only, Saturday September 16th from 11am-2pm. Sold strictly as-is. All information is deemed to be accurate, however, buyer should verify.

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©2024 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 accurate by the MLS or Speicher Group of Real Broker LLC. 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: 2024-05-24T23:51:04.417.
midatlantic.thespeichergroup.com/homes/143204258
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5924 Bellona Avenue BALTIMORE, MD 21212

  • Price: $399,000
  • Status: Closed
  • On Site: 259 Days
  • Updated: 123 min ago
  • ID#: MDBA2098402
0
Beds
0
Baths
0
½ Baths
0.38
Acres
2,968
SQFT
$0
$/SQFT
1900
Built
Neighborhood:
Homeland Historic District
County:
Baltimore City
School District:
Baltimore City Public Schools
Property Description
A rare well-maintained 3 unit gem in Homeland! One of only three multifamily properties to go on the market in Homeland in the last 10 years! Property includes two 2bd/2ba units and one 1bd/1ba unit. Long-term tenants with under-market leases. Units include hardwood floors, original charm, laminate countertops, tile bathrooms and spacious layouts. Laundry located in the basement with storage for all units. Property has been well-cared for and within the same family for over 30 years. Central boiler was recently replaced. Separate meters for gas and electric for all units. Large rear yard and bonus lot that is has subdivision potential. Property is oozing with potential and cash flow can be improved by raising rental rates to market rate, installing a water reimbursement program, upgrading kitchens and bathrooms, adding central air and adding laundry to all units. Potential for a 10%+ cap rate, which is unheard of in this market. Perfect for a savvy investor or owner-occupant. Truly a once-in-a-lifetime opportunity for this neighborhood. Access by open house only, Saturday September 16th from 11am-2pm. Sold strictly as-is. All information is deemed to be accurate, however, buyer should verify.
Exterior Features

Architectural Style Victorian Construction Materials Block Garage YN No Parking Types On Street Pool No Pool Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 2968 Basement Unfinished Basement YN Yes Below Grade Finished Area 0 Below Grade Unfinished Area 1418 Cooling Window Unit(S) Fireplace YN No Heating Radiator Heating YN Yes Single Room Units 0 Three Bedroom Units 0 Two Bedroom Units 2

Property Features

Accessibility Features None Assessment Year 2023 Buyer Financing Cash Central Air YN No Close Sale Terms Standard Sale Cooling Fuel Electric Foundation Details Block Heating Fuel Oil Hot Water Natural Gas Municipality Baltimore City Navigable Water YN N New Construction YN No Number Of Units Leased 3 Number Of Units Total 3 Original MLSNumber 802598910310 Ownership Interest Fee Simple Possession Immediate Property Sub Type Triplex Sale Type Standard Section 11 Sewer Public SepticPublic Sewer Structure Design Type Detached Tax Annual Amount 7085.00 Tax Assessment Amount 324600.00 Tax Lot 008 Vacation Rental YN No Water Source Public Zoning R-1-E

Listing courtesy of Real Broker, LLC: .


©2024 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 accurate by the MLS or Speicher Group of Real Broker LLC. 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: 2024-05-24T23:51:04.417.
 
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Speicher Group of Real Broker LLC
9841 Washingtonian Blvd Ste 200
Gaithersburg MD, 20878