Baltimore, MD 21217,1422 MADISON AVE
Baltimore, MD 21217,1422 MADISON AVE
Baltimore, MD 21217,1422 MADISON AVE
$545,000
Est. payment /mo
$575,000
5.2%
Est.Price: ?

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4,053 SqFt
SOLD DATE : 04/17/2024

Key Details

Sold Price $545,000

Property Type Multi-Family

Sub Type Interior Row/Townhouse

Listing Status Sold

Purchase Type For Sale

Square Footage 4,053 sqft

Price per Sqft $134

Subdivision Madison Park Historic District

MLS Listing ID MDBA2111066

Sold Date 04/17/24

Style Traditional

Abv Grd Liv Area 4,053

Originating Board BRIGHT

Year Built 1920

Annual Tax Amount $2,088

Tax Year 2023

Lot Size 2,552 Sqft

Acres 0.06

Property Description

Discover this beautifully renovated four-level building nestled in the historic and character-rich Madison Park Community. This property offers a unique investment opportunity with room for expansion in the basement and parking for two vehicles at the rear.

The building features a diverse range of apartments, each boasting its own charm and modern amenities and separately metered. On the third floor, find a spacious three-bedroom, two-bathroom unit, while the second floor a two-bedroom, two-bathroom apartment. The first floor offers a two-bedroom unit with 2.5 bathrooms. Each apartment is graced with high ceilings, large windows, and captivating streetscape views, enhancing with each level.

Additional features include modern laminated wood-finished flooring, light-filled living and dining areas, sizeable bedrooms, ample closet space, and central heating. The first-floor apartment is currently rented for $1,400 monthly, and the third floor for $1,500, with all tenants up-to-date on payments. The second-floor apartment is vacant, presenting an immediate move-in opportunity – perfect for house hackers or investors seeking to capitalize on an annual estimated cash flow of $51,600 from all three units.

Located just minutes from the metro station, Mondawmin Mall, Maryland Zoo, Druid Hill Park, and downtown attractions like stadiums, restaurants, and shopping centers, this building offers both convenience and lifestyle. Professionally managed by RIC Property Management, it also holds active lead certifications and rental licenses for each unit, ensuring a hassle-free investment.

Location

State MD

County Baltimore City

Zoning R-7

Rooms

Basement Unfinished

Interior

Interior Features Floor Plan - Open

Hot Water Natural Gas

Heating Forced Air

Cooling Window Unit(s)

Flooring Luxury Vinyl Plank

Equipment Washer, Dryer, Stove

Fireplace N

Window Features Wood Frame

Appliance Washer, Dryer, Stove

Heat Source Natural Gas

Exterior

Garage Spaces 2.0

Waterfront N

Water Access N

Roof Type Asphalt

Accessibility None

Total Parking Spaces 2

Garage N

Building

Foundation Block, Brick/Mortar

Sewer Public Sewer

Water Public

Architectural Style Traditional

Additional Building Above Grade, Below Grade

Structure Type 9'+ Ceilings,Dry Wall

New Construction N

Schools

School District Baltimore City Public Schools

Others

Tax ID 0314120378 012

Ownership Fee Simple

SqFt Source Estimated

Security Features Carbon Monoxide Detector(s),Fire Detection System,Exterior Cameras

Acceptable Financing Cash, Conventional, FHA, VA

Listing Terms Cash, Conventional, FHA, VA

Financing Cash,Conventional,FHA,VA

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Samuel Odagbodo • Bennett Realty Solutions
Bought with Amber Bingham • Keller Williams Preferred Properties

Don Perrin

Agent | License ID: 0225222228

+1(703) 819-4655

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