Discover this meticulously maintained 2-bedroom, 1-bathroom gem, nestled in a prime location, walking distance to Johns Hopkins University (JHU) Medical Center. With a current month-to-month HCVP tenant in place, generating a robust annual cash flow of nearly $16,000, this property offers a golden investment opportunity. The well-crafted interior boasts comfortable living spaces flooded with natural light, providing tenants with a cozy haven to call home. Featuring a tastefully designed layout, this property not only aligns with the 1% rule but also holds the potential for increased rent through a pending request with HCVP. The current tenant's stability and the promising future rental prospects make this a winning deal for savvy investors seeking a reliable income stream. However, the property can be delivered vacant with enough notice (60 days) given and this could be a new home for an owner-occupier. Moreover, this property presents an exciting opportunity for those considering a larger investment venture. Its strategic location and solid financial performance make it a prime candidate for a portfolio expansion. Don't miss out on the chance to acquire a turnkey investment that combines effortless management with substantial returns. **ASK US OR YOUR AGENT ABOUT A SECOND VACANT UNIT COMING AVAILABLE AFTER RENOVATIONS ON THE SAME STREET. SELLER IS ONLY LIQUIDATING THESE ASSETS TO ACQUIRE OTHERS.**
Sold for $150,000 on 03/11/24
$150,000
502 N Collington Ave, Baltimore, MD 21205
2beds
--sqft
Townhouse
Built in 1920
845 Square Feet Lot
$154,900 Zestimate®
$--/sqft
$1,539 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: December 17, 2023 at 03:18am
Listed by:
Garet Turner 202-441-2362,
EXP Realty, LLC
Bought with:
Rupert Andanar, 607019
Next Step Realty
Source: Bright MLS,MLS#: MDBA2091836
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Basement
- Area: 0
Heating
- Forced Air, Natural Gas
Cooling
- Central Air, Electric
Appliances
- Included: Gas Water Heater
- Laundry: Hookup, In Basement
Features
- Flooring: Vinyl
- Basement: Unfinished
- Has fireplace: No
Interior area
- Total structure area: 0
- Finished area above ground: 0
- Finished area below ground: 0
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Levels: Three
- Stories: 3
- Patio & porch: Patio
- Pool features: None
Lot
- Size: 845 sqft
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 0307141652 015
- Zoning: R-8
- Special conditions: Standard
Construction
Type & style
- Home type: Townhouse
- Architectural style: Federal
- Property subtype: Townhouse
Materials
- Composition, Stucco
- Foundation: Slab
Condition
- Good
- New construction: No
- Year built: 1920
- Major remodel year: 2017
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Baltimore
- Subdivision: Middle East
- Municipality: Baltimore City
HOA & financial
Other financial information
- Total actual rent: 15972
Other
Other facts
- Listing agreement: Exclusive Agency
- Listing terms: Conventional,1031 Exchange,Cash
- Ownership: Ground Rent
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$154,900
2% more+$3,098
With Zillow Showcase(estimated)$157,998