CHARIS REALTY GROUP

3612 ELDORADO AVENUE

BALTIMORE, MD 21207

MLS#: MDBA2228068

$1,700,000

Status: Active
Listing number: MDBA2228068
Listing provided by: Midfield Realty
Listing agent phone: None
Last update: a month ago
On site: a month ago
Browse Properties
HOWARD PARK - Commercial Sale

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1935

Sq.Footage

17,673

PROPERTY HIGHLIGHTS Subject to Offer. 3612 Eldorado Avenue is an 18-unit, three-story apartment building totaling approximately 17,673 SF in Baltimore's Howard Park neighborhood. The property is currently vacant and nearly rent-ready, giving a buyer the opportunity to lease the entire building with a new tenant base. The unit mix includes one-, two-, three-, and four-bedroom apartments. Amenities include private balconies, a resident courtyard, shared laundry, seven garages, and direct stair access to the roof. INCOME POTENTIAL Estimated pro forma rents are $1,250 for one-bedroom, $1,500 for two-bedroom, $1,750 for three-bedroom, and $2,100 for four-bedroom units. Based on an estimated mix of 9 one-bedrooms, 6 two-bedrooms, 2 three-bedrooms, and 1 four-bedroom, the property could generate approximately $25,850/month or $310,200/year in gross residential rent. This excludes additional income potential from the seven garages and shared laundry. LOCATION & ACCESS Located directly across Eldorado Avenue from Forest Park High School. ShopRite of Howard Park and Coppin State University are nearby. Public transportation is available at Liberty Heights Avenue & Eldorado Avenue, served by MTA CityLink LIME and LocalLink 34. FIVE KEY HIGHLIGHTS 18 Units | Nearly Rent-Ready Seven Income-Producing Garage Spaces Balconies, Courtyard & Shared Laundry Directly Across Forest Park High CityLink LIME & LocalLink 34

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Other, Electric

  • Heating YN

    YES

  • Heating

    Other

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Other

  • Parking

    None

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Property Type

    Commercial Sale

Price

  • Sales Price

    $1,700,000

  • Tax Amount

    $27,578.96

  • Sq. Footage

    17,673

  • Price/SqFt

    $96

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • New Construction

    NO

  • Sewer

    Public Sewer

  • Water Source

    Public

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Location

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BALTIMORE CITY

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Listing Courtesy of Yaakov Kanevsky, Midfield Realty

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Agent Cindy Wilhelm

Salesperson, Realtor

Cindy Wilhelm

Call Cindy today to schedule a private showing.

(301) 514-3797

cindy@wolfeteam.net


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PROPERTY HIGHLIGHTS Subject to Offer. 3612 Eldorado Avenue is an 18-unit, three-story apartment building totaling approximately 17,673 SF in Baltimore's Howard Park neighborhood. The property is currently vacant and nearly rent-ready, giving a buyer the opportunity to lease the entire building with a new tenant base. The unit mix includes one-, two-, three-, and four-bedroom apartments. Amenities include private balconies, a resident courtyard, shared laundry, seven garages, and direct stair access to the roof. INCOME POTENTIAL Estimated pro forma rents are $1,250 for one-bedroom, $1,500 for two-bedroom, $1,750 for three-bedroom, and $2,100 for four-bedroom units. Based on an estimated mix of 9 one-bedrooms, 6 two-bedrooms, 2 three-bedrooms, and 1 four-bedroom, the property could generate approximately $25,850/month or $310,200/year in gross residential rent. This excludes additional income potential from the seven garages and shared laundry. LOCATION & ACCESS Located directly across Eldorado Avenue from Forest Park High School. ShopRite of Howard Park and Coppin State University are nearby. Public transportation is available at Liberty Heights Avenue & Eldorado Avenue, served by MTA CityLink LIME and LocalLink 34. FIVE KEY HIGHLIGHTS 18 Units | Nearly Rent-Ready Seven Income-Producing Garage Spaces Balconies, Courtyard & Shared Laundry Directly Across Forest Park High CityLink LIME & LocalLink 34

3612 ELDORADO AVENUE

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