$8,603 Monthly NOI with Tenant in Place Through August 2030! Rare opportunity to acquire a renovated income-producing property with a long-term lease already in place. The current tenant is secured through August 31, 2030, providing immediate cash flow and operational continuity from day one. Unlike many residential investments, the tenant… Read More is responsible for utilities, maintenance, and replacement of major building systems, including HVAC and water heating equipment. This structure reduces owner involvement, limits capital expenditure exposure, and creates a more passive ownership experience than typical residential rental property. Renovated in 2024, the 3,805-square-foot building is configured across nine bedrooms and features durable finishes designed for high-occupancy use. Improvements include a modern kitchen with granite and laminate countertops, wood cabinetry, multiple refrigerators, gas cooking, updated baths, laminate flooring, chairlifts, an ADA-accessible entry ramp, and a full sprinkler system. Mechanical systems include a 90+ AFUE Rheem gas-fired furnace with dual-zone central air conditioning, an additional attic-mounted heat pump with independent thermostat, a 50-gallon electric water heater, and updated C-PVC and PVC plumbing. Located in the owner-occupied Hamilton-Waltherson neighborhood, just off Harford Road, the property offers convenient access to I-95, I-695, Downtown Baltimore, and numerous employment centers throughout the region. Investment Summary - $1,200,000 Purchase Price - $103,237 Current NOI - $8,603 Monthly NOI - 8.60% Cap Rate -9.5% Projected Cash-on-Cash Return - Tenant in Place Through 8/31/2030 Read Less
Courtesy of Will A Cannon III, Ben Frederick Realty, Inc. 410-235-9500
Listing Snapshot
Days Online
3
Last Updated
Property Type
Single Family Residential
Beds
9
Full Baths
3
Partial Baths
1
Square Ft.
3,805
Lot Size
0.53 Acres
Year Built
1920
MLS Number
MDBA2218312
Additional Details
Basement
Full, Interior Access
Building
Built in 1920, Built in 2024 (effective), Living area: 3805, Levels: 3, Construction Materials: Stucco
Cooling
Central A/C
Accessibility Features
Chairlift, Level Entry - Main, Ramp - Main Level
Foundation
Stone
Heating
90% Forced Air, Heat Pump(s)
Lot
0.53 acres, Dimensions: 108' x 212
Property
Very Good, Other structures: Above Grade
Roof
Asphalt
Sewer
Public Sewer
Taxes
Annual Amount: $6,489, Lot: 009, Year: 2025, Zoning: R-3, Zoning description: Permitted for recovery center for up to 16 resients.
Utilities
Water Source: Public, 200+ Amp Service
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