3516 Springdale Ave, Baltimore, MD 21216
- $240,000
- 2,826
- SqFt
- Sold Price
- $240,000
- List Price
- $280,000
- Closing Date
- Jan 23, 2024
- MLS#
- MDBA2108144
- Year Built
- 1910
- Status
- CLOSED
- Type
- Multifamily
- Living Area
- 2,826
- County
- Baltimore City
- Subdivision
- Forest Park
Property Description
ATTENTION BUY AND HOLD INVESTORS!! Welcome to 3516 Springdale Avenue, a prime three-unit rental property nestled in the heart of Baltimore, offering a lucrative opportunity for savvy buy-and-hold investors. This strategically located investment property presents a compelling proposition with its mix of two currently occupied units and one vacant unit awaiting your personalized touch. The property has immediate income generation. The two occupied units contribute to a steady cash flow, while the third unit offers an excellent canvas for enhancement, allowing investors to increase the property's overall value. Situated in a vibrant neighborhood, 3516 Springdale Avenue enjoys proximity to local amenities, schools, and public transportation, making it an attractive option for tenants seeking convenience and accessibility. The property's location also enhances its potential for long-term appreciation, adding an extra layer of value for investors looking for sustained growth. As the real estate market in Baltimore continues to show promise, this three-unit rental property stands out as an exceptional investment opportunity. With a mix of existing income and the potential for increased returns through strategic improvements, 3516 Springdale Avenue is a solid foundation for a robust and diversified investment portfolio.
/u.realgeeks.media/fortmeadehomes/team_photos_and_logos/Jessica_Hood_Fort_Meade_REALTOR.jpg)
Additional Information
- Other Structures
- Above Grade, Below Grade
- Garage Spaces
- 3
- Style
- Other
- Interior Features
- Entry Level Bedroom, Window Treatments, Wood Floors
- Basement
- Other
- Cooling
- None
- Heating
- Forced Air
- Water
- None
- Possession
- 0-30 Days CD, 31-60 Days CD
- Days on Market
- 6
- Acres
- 0.20
- Ownership
- Fee Simple