1422 Madison Ave, Baltimore, MD 21217

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.