0.53 Acres Lot
0.53 Acres Lot
Key Details
Property Type Commercial
Sub Type Special Purpose
Listing Status Active
Purchase Type For Sale
Subdivision Hamilton
MLS Listing ID MDBA2218222
Year Built 1920
Annual Tax Amount $6,489
Tax Year 2025
Lot Size 0.526 Acres
Acres 0.53
Lot Dimensions 108' x 212
Property Sub-Type Special Purpose
Source BRIGHT
Property Description
Rare opportunity to acquire a renovated income-producing property with a long-term lease already in place. The current tenant is secured through August 31, 2030, providing immediate cash flow and operational continuity from day one.
Unlike many residential investments, the tenant is responsible for utilities, maintenance, and replacement of major building systems, including HVAC and water heating equipment. This structure reduces owner involvement, limits capital expenditure exposure, and creates a more passive ownership experience than typical residential rental property.
Renovated in 2024, the 3,805-square-foot building is configured across nine bedrooms and features durable finishes designed for high-occupancy use. Improvements include a modern kitchen with granite and laminate countertops, wood cabinetry, multiple refrigerators, gas cooking, updated baths, laminate flooring, chairlifts, an ADA-accessible entry ramp, and a full sprinkler system.
Mechanical systems include a 90+ AFUE Rheem gas-fired furnace with dual-zone central air conditioning, an additional attic-mounted heat pump with independent thermostat, a 50-gallon electric water heater, and updated C-PVC and PVC plumbing.
Located in the owner-occupied Hamilton-Waltherson neighborhood, just off Harford Road, the property offers convenient access to I-95, I-695, Downtown Baltimore, and numerous employment centers throughout the region.
Investment Summary
• $11200,000 Purchase Price
• $103,237 Current NOI
• $8,603 Monthly NOI
• 9.39% Cap Rate
•12.0% Projected Cash-on-Cash Return
• Tenant in Place Through 8/31/2030
Location
State MD
County Baltimore City
Zoning R-3
Interior
Hot Water Electric
Cooling Central A/C
Inclusions 1 refrigerator, 1 dishwasher, 1 built-in microwave, 1 gas range, 1 garbage disposal
Heat Source Natural Gas, Electric
Exterior
Garage Spaces 5.0
Water Access N
Roof Type Asphalt
Accessibility Chairlift, Level Entry - Main, Ramp - Main Level
Total Parking Spaces 5
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Baltimore City Public Schools
Others
Tax ID 0327025798 009
Ownership Fee Simple
Special Listing Condition Standard
