Baltimore, MD 21206,4521 PARKWOOD AVE
Baltimore, MD 21206,4521 PARKWOOD AVE
Baltimore, MD 21206,4521 PARKWOOD AVE
Baltimore, MD 21206,4521 PARKWOOD AVE
Baltimore, MD 21206,4521 PARKWOOD AVE
Baltimore, MD 21206,4521 PARKWOOD AVE
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$270,000

$250,000

8.0%
Est.Price: ?

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Est. payment /mo

1,760 SqFt


SOLD DATE : 10/25/2022

Key Details

Sold Price $270,000

Property Type Single Family Home

Sub Type Twin/Semi-Detached

Listing Status Sold

Purchase Type For Sale

Square Footage 1,760 sqft

Price per Sqft $153

Subdivision Frankford

MLS Listing ID MDBA2061482

Sold Date 10/25/22

Style Converted Dwelling

Abv Grd Liv Area 1,280

Originating Board BRIGHT

Year Built 1953

Annual Tax Amount $3,030

Tax Year 2022

Lot Size 4,440 Sqft

Acres 0.1

Property Description

This two-unit apartment building has been recently renovated with high end finishes. Easy to maintain and lease, this would be a great start for a first time investor. Purchase this property to live in one unit and rent the other, or add it to your portfolio for an 11% projected cash-on-cash return. Featuring bright, spacious rooms, tenants enjoy modern amenities and a huge yard for outdoor enjoyment. Each kitchen has granite countertops, custom ceramic tile backsplash, gas ranges and real wood cabinets. Hardwood floors throughout the living spaces are refinished and gleam. Bathrooms feature tubs with ceramic tile tub-surround and modern vanities. Each unit also has an in-unit washer and dryer. The basement of the first floor apartment is clubbed in and whitewashed for bonus living space and has built-ins for additional storage. Each apartment is separately metered for cooking gas and electric. The heat for the first floor apartment is on the public service meter and can be billed back to the tenant. The second floor apartment is heated and cooled with mini-splits, installed in 2020. A central 40-gallon, AO Smith gas-fired water heater serves the building. Water and sewer is currently paid by the landlord but a savvy investor would bill this back to the tenants, increasing cash flow. Observable water supply lines are a mix of C-PVC and copper; the main supply line has been upgraded to copper. Observable drain lines are PVC. 100 amps serve the building and each apartment. 4521 Parkwood Ave. is located just 1.5 miles from I-95, offering an easy commute to downtown Baltimore and a quick drive out to the county. Nearby Bel Air Road is home to many restaurants and shops. Residents of Frankford also enjoy access to Lake Montebello and Herring Run Park. Morgan State University is northeast Baltimore’s preeminent university and Maryland’s largest HBCU, and is located just 2.5 miles from 4521 Parkwood. At time of sale, 1st floor tenant was paying $1000. Market rent for that apartment would be $1500. At time of sale, 2nd floor was owner occupied. Market rent for the second floor would be $1000.

Location

State MD

County Baltimore City

Zoning R-4

Interior

Hot Water Natural Gas

Heating Forced Air, Wall Unit

Cooling Central A/C, Ductless/Mini-Split

Heat Source Electric, Natural Gas

Exterior

Water Access N

Accessibility None

Garage N

Building

Foundation Block

Sewer Public Sewer

Water Public

Architectural Style Converted Dwelling

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Baltimore City Public Schools

Others

Tax ID 0326215953C011

Ownership Fee Simple

SqFt Source Estimated

Acceptable Financing Cash, Conventional, FHA, Private, VA

Listing Terms Cash, Conventional, FHA, Private, VA

Financing Cash,Conventional,FHA,Private,VA

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Cheryl L, Sadera • Ben Frederick Realty, Inc.
Bought with Marc D Stallings • CENTURY 21 New Millennium
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14291 Park Meadow Drive Suite 500, Chantilly, VA, 20151

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