BEDS0
BATHS
MLS#MDBA2217084
STATUSACTIVE
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONFOREST PARK
SCHOOLBALTIMORE CITY PUBLIC SCHOOLS
Property Description
House hacking opportunity! Whether you're an investor seeking strong cash flow or an owner-occupant looking to offset your mortgage with rental income, this updated 4-unit property, with 1 leased unit and 3 move-in ready units, offers flexibility and an opportunity to earn an estimated $56,400 in annual rental income! Located on a well-maintained block just a stone's throw from the Baltimore County line, 3916 Maine Ave is a standout with its lush green yard and clean exterior presentation. The interior continues to impress. THE OCCUPIED UNIT : The tenant pays $1,100/month plus a $60 utility reimbursement, providing immediate income from day one. THE MOVE-IN READY UNITS : The remaining three units have been recently updated and are move-in ready. Each offers 2 bedrooms and 1 full bathroom, abundant natural light, modern LVP flooring, updated kitchens, modern appliances, improved bathrooms, and has its own individual furnace, AC condenser, and water heater. Projected rents for each of the vacant units is $1,200/month (see 3510 Milford Ave #12 which was a 2 bedroom, 1 full bathroom unit that leased for $1,200), bringing the property's estimated gross income to roughly $4,700/month, or $56,400/year. The versatility here is hard to beat! Live in one unit and use the rental income to offset your mortgage costs, create a multigenerational living arrangement with family while maintaining your independence, or lease all four units and maximize income. One of the vacant units is conveniently located on the main level, offering an option for main-level living, which isn’t easy to come by. To make the transition even easier, the owner already holds a 4-unit rental license and a lead free lead certificate for the occupied unit. Don’t let this one get away; schedule a showing today!
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central A/C
Fuel Type: Natural Gas
Heating: Forced Air
Home Style: Contemporary
Lot Size: 0.35 Acres
Taxes: $3,540
Year Built: 1966
Feature Descriptions
Additional Structures: Above Grade, Below Grade
Appliances: Disposal, Microwave, Oven/Range - Gas, Range Hood, Refrigerator, Stainless Steel Appliances, Stove, Water Heater
Days on Site: 2
Exterior: Gutter System, Sidewalks, Exterior Lighting, Street Lights
Exterior: Brick Front, Concrete
Flooring: Luxury Vinyl Plank
Interior: Bathroom - Tub Shower, Combination Dining/Living, Combination Kitchen/Dining, Combination Kitchen/Living, Dining Area, Entry Level Bedroom, Family Room Off Kitchen, Floor Plan - Open, Upgraded Countertops
Location: Middle Of Block
Lot: Front Yard, Interior, Rear Yard, SideYard(s)
Lot Dimensions: 0.35 Acre(S)
Municipality: Baltimore City
Parking Notes: Public, Paved Parking
Sewer: Public Sewer
Special View Info: Garden/Lawn, Street
Structure Type: Detached
Two Bedroom Units: 4
Units: 4
Water: Public
Local Schools
School District: BALTIMORE CITY PUBLIC SCHOOLS
Listed By / Shown By
Listed By
Agency Name: Cummings & Co. Realtors
Agency Phone: 4108230033
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0400
Estimate Your Payment
Estimated Payment
$ 1,427.75 per month $1,001.50 Principal & Interest $295.00 Property Tax $131.25 Homeowner's InsuranceChange Payment Information
3916 Maine Avenue | MLS# MDBA2217084
This multi-family property located at 3916 Maine Avenue , Baltimore, MD 21207 is currently listed for sale with an asking price of $450,000. Maine Avenue is located within the BALTIMORE CITY PUBLIC SCHOOLS school district. Search Baltimore real estate on www.realtymarkllc.com today.