Description
Welcome to this exciting investment opportunity in the Harlem Park neighborhood of Baltimore! This 4 unit rooming house is located in the R8 zoning district, which allows for multiple units up to 4 apartments to be created, or keep it as a rooming house with 4 bedrooms, a shared kitchen, and 4 bathrooms, with each room having its own en suite.This property is in need of updating and cleaning up, but with some creativity and elbow grease, it has the potential to become a fantastic source of rental income. Similar nearby properties have been appraised at $325k once fully rehabbed, so there is room for a great return on investment.Situated on Harlem Ave., this unit enjoys a prime location in a vibrant and up-and-coming neighborhood. Across the street, there is an open field, providing plenty of green space for outdoor activities. And behind the building is a small park, providing additional outdoor recreation opportunities.Whether you're an investor seeking to add to your portfolio, or a cash flow seeker looking for a reliable income stream, this property is a must-see. Bring your imagination and your vision for the perfect rooming home or small apartment building, and make this property your next successful investment venture.
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0BEDS
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0.03ACRES
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0BATHS
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01/2 BATHS
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2,880SQFT
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$76$/SQFT
Description
Welcome to this exciting investment opportunity in the Harlem Park neighborhood of Baltimore! This 4 unit rooming house is located in the R8 zoning district, which allows for multiple units up to 4 apartments to be created, or keep it as a rooming house with 4 bedrooms, a shared kitchen, and 4 bathrooms, with each room having its own en suite.This property is in need of updating and cleaning up, but with some creativity and elbow grease, it has the potential to become a fantastic source of rental income. Similar nearby properties have been appraised at $325k once fully rehabbed, so there is room for a great return on investment.Situated on Harlem Ave., this unit enjoys a prime location in a vibrant and up-and-coming neighborhood. Across the street, there is an open field, providing plenty of green space for outdoor activities. And behind the building is a small park, providing additional outdoor recreation opportunities.Whether you're an investor seeking to add to your portfolio, or a cash flow seeker looking for a reliable income stream, this property is a must-see. Bring your imagination and your vision for the perfect rooming home or small apartment building, and make this property your next successful investment venture.
©2023 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Gail Nyman Group | Re/Max United Real Estate. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2023-06-08T23:52:02.357.