3516 Springdale Avenue
Baltimore, MD 21216
- – beds
- – baths
- 2,826 sqft
- 8,712 sqft lot
- $84 per sqft
- 1910 build
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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.
Listing courtesy of BRIGHT / EXP Realty, LLC
Last checked:
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Last updated Oct 17, 2024
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MLS# MDBA2108144 —
The Building
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Year Built:1910
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Year Built Source:Assessor
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New Construction:No
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Construction Materials:Frame
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Building Units Total:3
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Structure Type:Other
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Historic:No
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Architectural Style:Other
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Accessibility Features:None
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Basement:Yes
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Basement Type:Other
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Total SqFt Source:Assessor
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Total Below Grade SqFt:1363
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Total Below Grade SqFt Source:Assessor
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Tax Total Finished SqFt:2826
Interior
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Interior Features:Entry Level Bedroom, Window Treatments, Wood Floors
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Fireplace:No
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Living Area SqFt Source:Assessor
Room Dimensions
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Total SqFt:4189
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Living Area SqFt:2,826 Sqft
Financial & Terms
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Sale Type:Standard
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Acceptable Financing:Cash, Conventional
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Buyer Financing:Cash
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Possession:0-30 Days CD, 31-60 Days CD
Location
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Directions:From 695 S, Take Exit 18 towards MD 26 E/Lochearn, Go for 0.2 Miles, Turn left onto Liberty Road MD 26-E, go for 4.2 Miles, Turn Right onto Grantley, go for 0.1 Then 0.1 miles
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Cross Street:Grantley
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Latitude:39.32397000
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Longitude:-76.67713000
The Property
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Property Type:Multi-Family
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Property Subtype:Other
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Lot Size Units:Square Feet
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Lot Size Acres:0.20
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Lot Size Source:Estimated
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Lot SqFt:8,712 Sqft
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Zoning:RESIDENTIAL
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In City Limits:Yes
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Other Structures:Above Grade, Below Grade
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Water View:No
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Waterfront:No
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Water Oriented:No
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Water Access:No
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Navigable Water:No
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Tidal Water:No
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Land Use Code:R
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Ground Rent Exists:No
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Riparian Rights:No
Listing Agent
- Contact info:
- Agent phone:
- (410) 746-8156
- Office phone:
- (888) 860-7369
Taxes
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Tax ID Number:0315262910 009
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Tax Year:2023
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Tax Annual Amount:$4,526
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Tax Assessed Value:$227,500
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Year Assessed:2023
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County Tax:215.00
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City/Town Tax:4311.00
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Total Taxes Payment Frequency:Annually
The Listing
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Close Sale Type:Standard Sale
Heating & Cooling
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Cooling Type:None
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Central Air:No
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Cooling Fuel:Other
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Heating:Yes
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Heating Type:Forced Air
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Heating Fuel:Natural Gas
Utilities
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Sewer/Septic:Public Sewer
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Hot Water:Natural Gas
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Water Source:None
Appliances
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Appliances:Oven/Range - Gas, Refrigerator
Schools
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School District Name:Baltimore City Public Schools
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School District Source:Listing Agent
The Community
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Subdivision Name:Forest Park
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Pool:No Pool
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Spa:No
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Association Recreation Fee:No
Parking
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Total Garage and Parking Spaces:3
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Garage:Yes
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Garage Features:Other
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Garage Spaces:3.00
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Type of Parking:Detached Garage
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# of Detached Garage Spaces:3
Extra Units
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Other Units:Unit 1,Unit 2,Unit 3
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Vacation Rental:No
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Two Bedroom Units:2
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Three Bedroom Units:1
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
1/23/24
Jan 23, 2024
|
Sold | BRIGHT | $240,000 | -14.3% |
1/23/24
Jan 23, 2024
|
Sold | BRIGHT | $240,000 | |
1/9/24
Jan 9, 2024
|
Pending | BRIGHT | $280,000 |