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3422 Chestnut AveBaltimore, MD 21211Price: $345,000

  • Price: $345,000
  • Est. Mortgage of $/month
  • 73 Days on Market
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$
%
$/month over payments
Federal 30-year interest rate: 3.05% last updated on Oct 14, 2021
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $345,000List Price
  • 0.03Acreage
  • 1638Square Feet

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This 3 story,end of group Hampden investment property has 2 apartments and 1 office space on the terrace level. Hampden is artsy,lively,walkable,historic,kid-friendly and commuter friendly and is one of Baltimore's hottest neighborhoods. This property cash flows as-is,but rents are low and kitchens and baths are older - providing the opportunity to make improvements and increase rents accordingly. Tenants enjoy the ample sunlight that these east-facing end-of-group apartments offer,with fourteen above-grade windows. Sturdy finishes to the apartments make turnover a breeze. The first floor apartment kitchen has an original metal sink base with porcelain sink and a 30″ gas range,and the bathroom has original claw foot tub and wall-mounted sink. The second floor apartment has an updated kitchen with Formica countertops and a stainless steel sink; this bathroom features a modern vanity and steel tub with vinyl tub surround. Kitchens and baths have vinyl tile flooring. The living areas have hardwood floors. Each apartment has a private porch off the rear. Downstairs,in the office,glass block windows allow sunlight to filter through. This basement office has a suspended grid ceiling for easy utility maintenance to the apartments above. A half bathroom is provided for workers and guests.These apartments are separately metered for electric; public service utilities for both gas and electric are tied into the commercial basement meters. Both residential tenants reimburse the landlord for 1/3 each of the water & sewer bill for the property. Radiator heat throughout the building is supplied by a Columbia gas-fired boiler. One gas-fired GE water heater provides hot water to the units. Hampden has a WalkScore of 88 and BikeScore of 85. With a CrimeGrade of “A” it is one of Baltimore's lowest-crime neighborhoods. Wyman Park is located to the east and Druid Hill Park located to the west. Tenants can easily access I-83,making Hampden an attractive location for commuters to both downtown Baltimore and points further north. Just a quick 250 foot walk get tenants fresh baked goods at Harmony Bakery,one of Hampden's newer and popular restaurants. First floor rents at $805,second floor rents for $925. Basement will be delivered vacant.

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Listed by Cheryl L,Sadera of Ben Frederick Realty,Inc.

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