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3119 Guilford Avenue, Baltimore, MD 21218
$460,000
3119 Guilford Avenue, Baltimore, MD 21218View this property at 3119 Guilford Avenue, Baltimore, MD 21218
3119 Guilford AvenueBaltimoreMD21218
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Property Description
Charles Village 4-unit for sale! The newly renovated first floor apartment is perfect for an owner-occupant buyer, and is rent-ready for an investor. Run this property as-is, or make upgrades to kitchens and bathrooms to increase rents and property value. 3119 Guilford Ave is just three blocks from Johns Hopkins University Homewood campus. Each of the apartments encompasses a full floor (including the basement) of the 3-story building. The generously sized rooms get ample natural light from the 20 windows this end-of-group boasts. Kitchens have laminate counters, stainless steel sinks, a mix of wood and metal cabinets, gas ranges and vinyl tile floors. Bathrooms have a mix of modern vanities and wall-mounted sinks; 3 full tubs and 1 stand-up shower stall; and vinyl tile floors. Above-grade living areas have hardwood flooring; the basement apartment has carpet. These units are separately metered for gas and electric, and the tenants pay for water. With no utilities to pay, the landlord's operating costs stay low. The electric and heating systems are already upgraded, with 400 amp service and 4 electric meters, and separate gas-fired forced air furnaces for each apartment. 3119 Guilford has 4 gas meters. Water supply pipes are a mix of copper, c-pvc and steel; drain lines are a mix of pvc and steel. Each apartment has its own water heater. The tenants use coin-operated laundry in the basement, providing extra income for the owner. Tenants can walk to the Charles Village Shopping District, Johns Hopkins University Homewood Campus and Union Memorial Hospital. 3119 Guilford Ave earns the designation "Walker's Paradise" with a WalkScore of 93, a TransitScore of 57, and a BikeScore of 86. This block is patrolled by Hopkins campus security, and is served by the Charles Village Benefits District. This nonprofit organization helps keep the district clean, organizes security patrols, and hosts community events. Investment Summary: $455,000 $113,750 Per Unit $159 Per Sq. Ft. 14.2 Times Actual Rents (GRM) 9.6 Times Market Rents (GRM) 7.12% Cap Rate 10.3% Projected Cash-on-Cash Return
Full Property Details
Full Property Details for 3119 Guilford Ave
General
- Sold For: $460,000
- Taxes: $6,492 (2021)
- Status: Closed
- Type: Multi-Family
- MLS ID: MDBA2016106
- Added to Site: 916 day(s) ago
Parking
- Parking Type: On Street
Location
- Municipality: Baltimore City
- County: Baltimore City
- Development Name: Charles Village
- Subdivision: Charles Village
- Driving Directions: Guilford and 31st
- City Limits: Yes
School Information
- School District: Baltimore City Public Schools
Heating & Cooling
- Cooling Type: None
- Heating Type: Forced Air
- Heating Fuel: Natural Gas
- Water Heater: Natural Gas, Multi-tank
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Info: Traditional
- Architectural Style: Traditional
- Structure Type: End of Row/Townhouse
- Construction: Brick
- Basement: Yes
- Basement Desc.: Daylight, Partial, Full, Partially Finished
- Foundation: Stone
- Stories/Levels: 0
- Square Feet: 4,009
- Sq. Ft. Source: Estimated
- Living Area: 3,270 Sq. Ft.
- Year Built: 1900
- Year Built Source: Estimated
- Property Condition: Average
Unit Information
- Other Units: Unit 1, Unit 2, Unit 4, Unit 3
- 1 Bedroom Units: 4
Lot Features
- Lot Size (Acres): 0.06
- Lot Size (Sq. Ft.): 2,569
- Lot Size Source: Estimated
- Lot Dimensions: 23'9" x 108'
- Zoning: R-6
Financial Considerations
- Price Per Sq. Ft.: $158.54
- Assessment Year: 2021
- City/TownTax: $6,184
- City/TownTax Freq: Annually
- County Tax: $308
- County Tax Freq: Annually
- Tax w/Assessment: $275,100
- Tax Amount: $6,492
- Tax Year: 2021
- Terms: Standard Sale
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
- Ownership: Fee Simple
- Exclusions: tenants' possessions
- Inclusions: 4 ranges, 4 refrigerators, clothes washer/dryer
- Section: 20
- Lot Number: 13
Listed and Sold by Ben Frederick Realty, Inc., Thomas Fair
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Schools
Schools serving 3119 Guilford Ave
School District:Baltimore City Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
2900 Barclay St, Baltimore, MD 21218 | PK-8 | 0.2 mi | |
1300 Gorsuch Ave, Baltimore, MD 21218 | PK-5 | 0.7 mi | |
1301 McCulloh St, Baltimore, MD 21217 | 9-12 | 1.8 mi | |
1400 Orleans St, Baltimore, MD 21231 | 9-12 | 2.3 mi | |
2301 Gwynns Falls Pkwy, Baltimore, MD 21217 | 9-12 | 2.4 mi | |
1500 Harlem Ave, Baltimore, MD 21217 | 9-12 | 2.5 mi | |
100 N Calhoun St, Baltimore, MD 21223 | 9-12 | 2.9 mi | |
1100 Covington St, Baltimore, MD 21230 | 9-12 | 3.5 mi | |
6401 Pioneer Dr, Baltimore, MD 21214 | 9-12 | 3.5 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 3119 Guilford Ave
Date
Details
Price
Change
Source
2/02/2022
Sold
$460,000
1.1%
MLS
10/22/2021
Listed
$455,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
3119 Guilford Avenue, Baltimore, MD 21218 (MLS# MDBA2016106) is a Multi-Family property that was sold at $460,000 on February 02, 2022. Want to learn more about 3119 Guilford Avenue? Do you have questions about finding other Multi-Family real estate for sale in Abell? You can browse all Abell real estate or contact a Coldwell Banker agent to request more information.