3612 Eldorado Ave,BALTIMORE, MD 21207
BALTIMORE, MD 21207
Description
PROPERTY HIGHLIGHTSSubject 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 POTENTIALEstimated 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 & ACCESSLocated 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 HIGHLIGHTS18 Units | Nearly Rent-ReadySeven Income-Producing Garage SpacesBalconies, Courtyard & Shared LaundryDirectly Across Forest Park HighCityLink LIME & LocalLink 34
Details
| MLS # | MDBA2228068 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1935 |
| Days On Site | 46 |
| Listing Provided By | Midfield Realty | Yaakov Kanevsky |
Features
| Units | 18 |
|---|---|
| Zoning | R-4 |
Interior
| Cooling | Other |
|---|---|
| Heating Yes / No | Yes |
| Heating | Other |
Exterior
| Construction Materials | Other |
|---|
Parking
| Garage Yes / No | No |
|---|
Taxes
| Tax Annual Amount | 27578.96 |
|---|
Area Information
| State | MD |
|---|---|
| County | BALTIMORE CITY MD |
| City | BALTIMORE |
| Zip Code | 21207 |
| Area | BALTIMORE CITY MD |
| Community Name | HOWARD PARK |
| School District | BALTIMORE CITY PUBLIC SCHOOLS |
| Listing VS Median (in HOWARD PARK) | |
Price: $1,700,000 low | high Med: $294,500 On site: 46 low | high Med: 34.5 | |
Market Activity 21207
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Learn More About This Property
| State | MD |
|---|---|
| County | BALTIMORE CITY MD |
| City | BALTIMORE |
| Zip Code | 21207 |
| Area | BALTIMORE CITY MD |
| Community Name | HOWARD PARK |
| School District | BALTIMORE CITY PUBLIC SCHOOLS |
| Listing VS Median (in HOWARD PARK) | |
Price: $1,700,000 low | high Med: $294,500 On site: 46 low | high Med: 34.5 | |