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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

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    $1,539/mo

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    $1,539/mo

    Rent Zestimate®

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    $812/mo

    Est. payment

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    $812/mo

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    What's special

    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.**

    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#: MDBA2091836MLS Logo

    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