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3516 Springdale Avenue, Baltimore, MD 21216
$240,000
3516 Springdale Avenue, Baltimore, MD 21216View this property at 3516 Springdale Avenue, Baltimore, MD 21216
3516 Springdale AvenueBaltimoreMD21216
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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.
Full Property Details
Full Property Details for 3516 Springdale Ave
General
- Sold For: $240,000
- Taxes: $4,526 (2023)
- Status: Closed
- Type: Multi-Family
- MLS ID: MDBA2108144
- Added to Site: 153 day(s) ago
Interior
- Interior Features: Entry Level Bedroom, Window Treatments, Wood Floors
- Appliances: Oven/Range - Gas, Refrigerator
Parking
- Garage: Yes
- Garage Spaces: 3
- Total Spaces: 3
- Parking Type: Detached Garage
- Garage Description: Other
Location
- County: Baltimore City
- Development Name: Forest Park
- Subdivision: Forest Park
- Cross Streets: Grantley
- Driving Directions: From 695 S, Take Exit 18 towards MD 26 E/Lochearn, Go for 0.2 Miles, Turn left onto Liberty Road MD 26-E, go for 4.2 Miles, Turn Right onto Grantley, go for 0.1 Then 0.1 miles
- City Limits: Yes
School Information
- School District: Baltimore City Public Schools
Heating & Cooling
- Cooling Type: None
- Cooling Fuel: Other
- Heating Type: Forced Air
- Heating Fuel: Natural Gas
- Water Heater: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: None
Structural Information
- Architectural Info: Other
- Architectural Style: Other
- Structure Type: Other
- Construction: Frame
- Basement: Yes
- Basement Desc.: Other
- Stories/Levels: 0
- Square Feet: 4,189
- Sq. Ft. Source: Assessor
- Living Area: 2,826 Sq. Ft.
- Year Built: 1910
- Year Built Source: Assessor
Unit Information
- Other Units: Unit 1, Unit 2, Unit 3
- 2 Bedroom Units: 2
- 3 Bedroom Units: 1
Lot Features
- Lot Size (Acres): 0.2
- Lot Size (Sq. Ft.): 8,712
- Lot Size Source: Estimated
- Zoning: RESIDENTIAL
Financial Considerations
- Price Per Sq. Ft.: $99.08
- Assessment Year: 2023
- City/TownTax: $4,311
- City/TownTax Freq: Annually
- County Tax: $215
- County Tax Freq: Annually
- Tax w/Assessment: $227,500
- Tax Amount: $4,526
- Tax Year: 2023
- Terms: Standard Sale
- Tax Total Finished Sq. Ft.: 2826
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
- Ownership: Fee Simple
- Section: 26
Listed by EXP Realty, LLC, Sheri Smith
Sold by EXP Realty, LLC, Federico Busacca
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Schools
Schools serving 3516 Springdale Ave
School District:Baltimore City Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
3301 Carlisle Ave, Baltimore, MD 21216 | PK-5 | 0.4 mi | |
1300 Gorsuch Ave, Baltimore, MD 21218 | PK-5 | 4 mi | |
3701 Eldorado Ave, Baltimore, MD 21207 | 9-12 | 0.9 mi | |
2301 Gwynns Falls Pkwy, Baltimore, MD 21217 | 9-12 | 1.4 mi | |
501 N Athol Ave, Baltimore, MD 21229 | 9-12 | 2.3 mi | |
1500 Harlem Ave, Baltimore, MD 21217 | 9-12 | 2.7 mi | |
1301 McCulloh St, Baltimore, MD 21217 | 9-12 | 3 mi | |
100 N Calhoun St, Baltimore, MD 21223 | 9-12 | 3.1 mi | |
1400 Orleans St, Baltimore, MD 21231 | 9-12 | 4.7 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 3516 Springdale Ave
Date
Details
Price
Change
Source
1/23/2024
Sold
$240,000
-14.29%
MLS
12/16/2023
Listed
$280,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
3516 Springdale Avenue, Baltimore, MD 21216 (MLS# MDBA2108144) is a Multi-Family property that was sold at $240,000 on January 23, 2024. Want to learn more about 3516 Springdale Avenue? Do you have questions about finding other Multi-Family real estate for sale in Baltimore? You can browse all Baltimore real estate or contact a Coldwell Banker agent to request more information.