Baltimore, MD 21205,502 N COLLINGTON AVE
Baltimore, MD 21205,502 N COLLINGTON AVE
Baltimore, MD 21205,502 N COLLINGTON AVE
$150,000
Est. payment /mo
$150,000
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

2 Beds
1 Bath
845 Sqft Lot
SOLD DATE : 11/29/2023

Key Details

Sold Price $150,000

Property Type Townhouse

Sub Type Interior Row/Townhouse

Listing Status Sold

Purchase Type For Sale

Subdivision Middle East

MLS Listing ID MDBA2091836

Sold Date 11/29/23

Style Federal

Bedrooms 2

Full Baths 1

HOA Y/N N

Originating Board BRIGHT

Year Built 1920

Available Date 2023-09-04

Annual Tax Amount $669

Tax Year 2021

Lot Size 845 Sqft

Acres 0.02

Property Sub-Type Interior Row/Townhouse

Property Description

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.**

Location

State MD

County Baltimore City

Zoning R-8

Direction South

Rooms

Basement Unfinished

Interior

Hot Water Natural Gas

Heating Forced Air

Cooling Central A/C

Flooring Vinyl

Heat Source Natural Gas

Laundry Hookup, Basement

Exterior

Exterior Feature Patio(s)

Water Access N

Accessibility None

Porch Patio(s)

Garage N

Building

Story 3

Foundation Slab

Sewer Public Sewer

Water Public

Architectural Style Federal

Level or Stories 3

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Baltimore City Public Schools

Others

Pets Allowed Y

Senior Community No

Tax ID 0307141652 015

Ownership Ground Rent

SqFt Source Estimated

Acceptable Financing Conventional, Exchange, Cash

Horse Property N

Listing Terms Conventional, Exchange, Cash

Financing Conventional,Exchange,Cash

Special Listing Condition Standard

Pets Allowed No Pet Restrictions

Read Less Info

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


Bright MLS (BMLS)
Listed by Garet Turner • EXP Realty, LLC
Bought with Rupert F Andanar • Next Step Realty

GET IN TOUCH

Name
Phone*
Message

By checking this box, I agree by electronic signature to (1) the Electronic Disclosure Consent; (2) receive recurring marketing communication from or on behalf of The J Walden Home Group, including auto-dialed calls, SMS messages,texts, and prerecorded messages (consent not required to make a purchase; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for help); and (3) the Terms of Service and Privacy Policy of this website. I understand that I can call 2023012993 to obtain direct assistance.

By submitting, you agree to receive text messages at the provided number from The J Walden Home Group. Message frequency varies, and standard message and data rates may apply. You have the right to OPT-OUT receiving messages at any time. To OPT-OUT, reply "STOP" to any text message you receive from us. Reply HELP for assistance.