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24 Indian Lane, Baltimore, MD 21210
$910,000
24 Indian Lane, Baltimore, MD 21210View this property at 24 Indian Lane, Baltimore, MD 21210
24 Indian LaneBaltimoreMD21210
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Property Description
Unique opportunity to acquire a 5 unit apartment building in one of Baltimore City's most prestigious neighborhoods. The building sits on almost an acre of land with mature landscaping. Tenants have plenty of room to enjoy the serene scenery, similar to what a homeowner in Roland Park experiences. Situated by the Baltimore Country Club, nestled between Roland Avenue and Falls Road, with easy access to I-83 to get to downtown Baltimore City or points north into Baltimore, Harford and Carrol counties. Long term tenants speak to the value of this property and there is room to increase NOI. Built in 1954, hardwood floors are in great condition and living areas feature crown moldings, fireplaces with ornate mantles and spacious rooms. Each apartment has a sunporch with stone floors and storm windows, providing bonus living space almost year round. Kitchens feature a 5 burner gas range, dishwasher and garbage disposal, so tenants enjoy easy clean up. Bathrooms have cast iron tubs with ceramic tile tub surround and wall-mounted porcelain sinks. The terrace features one shower stall and one bathtub. The basement features private storage space for each tenant and shared, free laundry. The grounds have various sitting areas, plenty of open green space and a garden. 10 off street parking spaces are assigned, two per unit. Each apartment was recently upgraded to feature mini-splits for heating and air conditioning. Hot water is provided by a central, 68-gallon Bock oil-fired water heater. The owner pays for public service electric, gas cooking fuel and hot and cold water. A savvy landlord would increase cash flow by passing the gas and water fee charges along to the tenants. Each apartment is separately metered for electric usage. Observable water supply lines are a mix of galvanized steel and copper; observable drain lines are a mix of galvanized steel and cast iron. Rents at time of sale: 1E: $1230; 1W: $1330; 2E: $1100; 2W: $1650; Terrace: $1550
Full Property Details
Full Property Details for 24 Indian Ln
General
- Sold For: $910,000
- Taxes: $13,943 (2021)
- Status: Closed
- Type: Apartment
- MLS ID: MDBA2042124
- Added to Site: 746 day(s) ago
Business
- Business Type: Apartment Building
Parking
- Total Spaces: 10
- Parking Type: Driveway
Location
- Municipality: Baltimore City
- County: Baltimore City
- Driving Directions: GPS
- City Limits: Yes
Heating & Cooling
- Cooling Type: Ductless/Mini-Split
- Cooling Fuel: Electric
- Heating Type: Wall Unit
- Heating Fuel: Electric
- Water Heater: Oil
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Brick
- Stories/Levels: 0
- Year Built: 1956
- Year Built Source: Estimated
Unit Information
- # Tenants: Single
Lot Features
- Lot Size (Acres): 0.51
- Lot Size (Sq. Ft.): 22,128
- Lot Size Source: Assessor
- Zoning: R-1-C
Financial Considerations
- Price Per Sq. Ft.: $127.38
- Assessment Year: 2022
- City/TownTax: $13,281
- City/TownTax Freq: Annually
- County Tax: $662
- County Tax Freq: Annually
- Tax w/Assessment: $602,933
- Tax Amount: $13,943
- Tax Year: 2021
Disclosures and Reports
- Buyer’s Brokerage Compensation: 3%
- Ownership: Fee Simple
- Exclusions: Tenant's possessions excluded.
- Inclusions: 5 gas ranges; washer and dryer; 5 refrigerators
- Lot Number: 041B
Listed and Sold by Ben Frederick Realty, Inc., Cheryl L, Sadera
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Schools
Schools serving 24 Indian Ln
School District:Baltimore City Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
5207 Roland Ave, Baltimore, MD 21210 | PK-8 | 0.4 mi | |
1300 Gorsuch Ave, Baltimore, MD 21218 | PK-5 | 3 mi | |
2301 Gwynns Falls Pkwy, Baltimore, MD 21217 | 9-12 | 2.8 mi | |
3701 Eldorado Ave, Baltimore, MD 21207 | 9-12 | 3 mi | |
1301 McCulloh St, Baltimore, MD 21217 | 9-12 | 3.6 mi | |
6401 Pioneer Dr, Baltimore, MD 21214 | 9-12 | 3.8 mi | |
1500 Harlem Ave, Baltimore, MD 21217 | 9-12 | 3.9 mi | |
100 N Calhoun St, Baltimore, MD 21223 | 9-12 | 4.4 mi | |
1400 Orleans St, Baltimore, MD 21231 | 9-12 | 4.6 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 24 Indian Ln
Date
Details
Price
Change
Source
4/21/2022
Sold
$910,000
1.68%
MLS
4/20/2022
Listed
$895,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
24 Indian Lane, Baltimore, MD 21210 (MLS# MDBA2042124) is a Apartment property that was sold at $910,000 on April 21, 2022. Want to learn more about 24 Indian Lane? Do you have questions about finding other Apartment real estate for sale in Baltimore? You can browse all Baltimore real estate or contact a Coldwell Banker agent to request more information.