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Sold for $240,000 on 03/28/24
  • $240,000

    3516 Springdale Ave, Baltimore, MD 21216

    7beds
    3baths
    2,826sqft
    Multi Family
    Built in 1910
    -- sqft lot
    $419,200 Zestimate®
    $85/sqft
    $2,096 Estimated rent

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    What's special

    ATTENTION BUY AND HOLD INVESTORS!! Welcome to 3516 Springdale Avenue, a prime three-unit rental property nestled in the heart of Baltimore, offering a lucrative opportunity for savvy buy-and-hold investors. This strategically located investment property presents a compelling proposition with its mix of two currently occupied units and one vacant unit awaiting your personalized touch. The property has immediate income generation. The two occupied units contribute to a steady cash flow, while the third unit offers an excellent canvas for enhancement, allowing investors to increase the property's overall value. Situated in a vibrant neighborhood, 3516 Springdale Avenue enjoys proximity to local amenities, schools, and public transportation, making it an attractive option for tenants seeking convenience and accessibility. The property's location also enhances its potential for long-term appreciation, adding an extra layer of value for investors looking for sustained growth. As the real estate market in Baltimore continues to show promise, this three-unit rental property stands out as an exceptional investment opportunity. With a mix of existing income and the potential for increased returns through strategic improvements, 3516 Springdale Avenue is a solid foundation for a robust and diversified investment portfolio.

    Zillow last checked: 8 hours ago

    Listing updated: January 26, 2024 at 04:49am

    Listed by:

    Sheri Hayhurst-Smith 410-746-8156,

    EXP Realty, LLC

    Bought with:

    Federico Busacca, RS351832

    EXP Realty, LLC

    Source: Bright MLS,MLS#: MDBA2108144MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 7
    • Bathrooms: 3
    Basement
    • Area: 1363
    Heating
    • Forced Air, Natural Gas
    Cooling
    • None, Other
    Appliances
    • Included: Oven/Range - Gas, Refrigerator, Gas Water Heater
    Features
    • Entry Level Bedroom
    • Flooring: Wood
    • Windows: Window Treatments
    • Basement: Other
    • Has fireplace: No
    Interior area
    • Total structure area: 4,189
    • Total interior livable area: 2,826 sqft

    Property

    Parking
    • Total spaces: 3
    • Parking features: Other, Detached
    • Garage spaces: 3
    Accessibility
    • Accessibility features: None
    Features
    • Pool features: None
    Lot
    • Size: 8,712 sqft
    Details
    • Additional structures: Above Grade, Below Grade
    • Parcel number: 0315262910 009
    • Zoning: RESIDENTIAL
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Other
    • Property subtype: Multi Family
    Materials
    • Frame
    Condition
    • New construction: No
    • Year built: 1910

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: None

    Community & neighborhood

    Location
    • Region: Baltimore
    • Subdivision: Forest Park

    Other

    Other facts
    • Listing agreement: Exclusive Agency
    • Listing terms: Cash,Conventional
    • Ownership: Fee Simple
    Sell for more on Zillow
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
    $419,200
    2% more+$8,384
    With Zillow Showcase(estimated)$427,584