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4017 Eastern AvenueBaltimore, MD 21224Sale Price: $925,000

  • Sale Price: $925,000
  • 7 Days Since Sale
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Federal 30-year interest rate: 6.79% last updated on Nov 7, 2024
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
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  • $1,025,000List Price
  • 0.08Acreage

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Highlights: > Fully Gut Renovated in 2020, with All New Systems, Including Plumbing, HVAC, Electric & Sprinkler System, Keeping Maintenance Costs Low > Located in Brewer's Hill, 1-Mile to Johns Hopkins Bayview Medical Campus & 1/2 Mile to Canton Crossing > High-End Finishes Appeal to Quality Tenants, Achieving Top-Dollar Rents > Owner-Occupant Potential, as Office Tenant Will Vacate at Sale. Meticulously and thoughtfully renovated, with high-end finishes throughout both the commercial and residential units. All tenants appreciate a welcoming and secure entry. Apartments are located on the second and third floors, boasting new vinyl plank flooring, high ceilings, and recessed lighting, creating bright and spacious living quarters. Kitchens feature modern wood shaker cabinetry and granite countertops. Stainless steel kitchen suites include French door refrigerators with bottom freezers, over-the-range microwaves, 5-burner gas ranges, dishwashers, and garbage disposals. Some bedrooms feature 8? closets, adding to the attractiveness of the apartment itself. Bathrooms have steel tubs with ceramic tile tub surrounds and ceramic tile flooring. The 900 square foot first-floor front retail space is currently used as a floral and gift shop. The floral shop has a large glass store front window with street access. The same tenant utilities the1,300 square foot basement retail space for production. The basement is accessible from the rear exterior of the building and has a full bathroom, including a modern vanity and shower stall with tile-surround. The first-floor rear is used as a professional office. This suite has a waiting area and several private offices, in addition to a restroom and kitchenette. This Brewers Hill 7-Unit offers peace of mind to an investor, as all systems are new and up to code, including wiring and plumbing. Each unit is self-contained, with tenants paying for the gas and utility consumption. Trane 90# gas-fired forced air furnaces provide heating to each unit; each unit has central air conditioning. All units have individual 40-gallon gas-fired water heaters. All new interior water supply lines are C-PVC; interior drain lines are PVC. A new mineral felt roof was installed during the renovation. Utility closets in the apartments have full sized washers and dryers, which is an amenity tenants desire. 800 amps serve the building, with 100 amps to each unit. The landlord pays the public service electric and water for the building. 4017 Eastern Avenue is ideally situated just east of Greektown, west of Patterson Park, and north of Canton, three highly sought-after neighborhoods. Its proximity to the Johns Hopkins Bayview Medical Campus (1 mile west) and Johns Hopkins Hospital Main Campus (2 miles east) places it in an area with high rental demand. Tenants of the Brewers Hill 7-unit can take advantage of abundant retail shopping at Canton Crossing, less than one mile south. Surrounding neighborhoods offer numerous restaurants and bars, creating ample social opportunities. Additionally, developments such as Refinery Row and Brewer's Crossing along Haven Street, extending south to Canton at Boston Street, contribute to the area's growth. Retail options are expanding with the recent openings of fast-casual establishments like Canton | CAVA and Shake Shack. Eastern Avenue serves as a major thoroughfare between west Baltimore City and east Baltimore County, providing convenient access to I-895 for travel south to DC and I-95 North to New York City, all within a 5-minute drive.

Property Details of 4017 Eastern Avenue

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Listed by Will A Cannon III of Ben Frederick Realty,Inc.

Listing Sold by Ben Frederick Realty, Inc.

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