2654 Maryland Avenue
Baltimore, MD, 21218 $ 549,000
Baths0.0 Sq 3,600 Monthly Estimate*
$ 3,288
Studio
for $549,000. This 3,600 square foot building was built in 1920 on a lot size of 0.03.
> Located Just Three Blocks from Johns Hopkins University Homewood Campus, Apartments Are in High Demand by Young Professionals and Students > Long Term NNN Commercial Tenant Leased Through Spring 2027, Paying 20% Toward Property Taxes & Hazard Insurance, Improving Cash Flow > 3,600 Sq. Ft. End-of-Group Rowhome, Providing Tenants With 60% More Space Than Other Homes On the Same Block > Opportunity to Improve Apartments and Greatly Increase Rents. The first-floor salon has great far-corner exposure on both Maryland Avenue and 27th Street, with two large storefront windows. The salon has both hardwood and laminate flooring throughout, with high ceilings and recessed lighting. Locally owned and operated, the salon has two popular stylists offering services, with two hair drying stations and a shampoo bowl. The tenant has made warm, inviting improvements to the space. The second and third floor each house a 3-bedroom apartment, with similar layouts to one another. Accessed by a shared entry on 27th Street, each apartment spans an entire floor. As an end-of-group row home, each apartment has 12 windows, providing lots of natural light. With a formal living/dining room and three large bedrooms, these apartments boast plenty of living space for tenants to enjoy. Kitchens feature wood and melamine cabinets, laminate counters, 30 gas ranges, stainless steel sinks, and garbage disposals. Bedrooms are generously sized, and full bathrooms have modern vanities and 5 tubs. The commercial tenant is on a triple net lease (NNN) and responsible for 20% of the property taxes, owners hazard insurance policy, and water/sewer bill. Each tenant pays their own gas and electric bill, and each tenant controls their own heating and air conditioning. The landlord is currently paying for water for the apartments, but the leases do provide for a bill-back, which would increase cash flow. Each apartment has its own gas-fired furnace with central air conditioning. One gas-fired water heater serves the entire building, installed in 2018. Interior plumbing supply lines are a mix of copper and CPVC; interior plumbing drain lines are PVC. The partial, unfinished basement is used for storage, has an operable full bathroom and is leased for $525/month. This mixed-use 3-unit in Charles Village is located just three blocks south of Johns Hopkins University Homewood campus, and two blocks south of Wyman Park Dell. Tenants enjoy a quick walk to the Charles Village Shopping District, and I-83 provides a quick commute to downtown Baltimore. 2653 Maryland Avenue garners a Walkers Paradise designation, with a 94 Walk Score, a 76 Transit Score, and an 88 Bike Score, being located along the Maryland Avenue Cycle Track. RHouse, Remingtons trendy food hall, is home to popular stalls like BRD and Hilo Pok & Sushi, and is within a 5-minute walk.
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Commercial ActiveHair Salon and Spa,Apartment Building
FeaturesInteriorHeating Fuel Natural Gas
Hot Water Natural Gas
Heating Y/N Y
Central Air Y/N Y
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GeneralSewer Public Sewer
Heating Forced Air
Cooling Central A/C
Possession Settlement Subject to Existing Lease
Roof Rubber
Zoning R-8
Construction Materials Brick
Exclusions Tenant's Possessions Excluded
Year Built 1920
Property SubType Mixed Use
Tax Year 2023
Percent Ownership Fee Simple
Cool Fuel Electric
Municipality Baltimore City
Business Type Hair Salon and Spa Apartment Building
Accessibility None
County BALTIMORE CITY
New Construction N
Property Type Commercial Sale
Subdivision Name CHARLES VILLAGE
Water Access Y/N N
Status ACTIVE
Directions GPS
City BALTIMORE
Disclosures Lead Based Paint - State
Zoning Description Licensed for 1 Salon and 2 Dwelling Units.
NumberOfUnitsTotal 3
Lot Size Units Square Feet
Lot Size Square Feet 1275.00
Waterfront Y/N N
Tax Annual Amount 8235.0
Price Per Sq Ft Total AG 152.5
Vacation Rental Y/N N
Days on Market 156
Standard Status Active
Year Built Source Estimated
Legal Subdivision Ward 12
Tax Lot 025
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ExteriorWater Source Public
Inclusions 2 refrigerators; 2 30 gas ranges
Type of Parking On Street
Foundation Details Stone
Water View Y/N N
Building Area Total 3600.00
Lot Dimensions 15' x 85'
Lot Size Acres 0.03
Lot Size Source Estimated
Land Assessed Value 90000.00
Navigable Water Y/N N
Water Oriented Y/N N
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* Excluded FeaturesList ByBen Frederick Realty, Inc.Broker
will@benfrederick.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $3,288
- Monthly Property Taxes
- $686
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 5.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Baltimore, MD
Average List Price $708,360
Percent of Sale Price 29%
About Baltimore, MD 611,326 Population
-6% Since 2002
$ 46,538 Median Income
36.71 Median Age
22% Households with Children
Trends Information provided by ATTOM Data Solutions.
2136830 Elementary School
2137124 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
7/17/2024 | $549,000 | -7.73% | Price Down |
4/18/2024 | $595,000 | | Listed Price |