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.
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
Owner options
What's special
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#: MDBA2108144
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