Property
Beds
9
Full Baths
3
1/2 Baths
1
Year Built
1920
Sq.Footage
3,805
$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 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
Features & Amenities
Interior
-
Total Bedrooms
9
-
Bathrooms
3
-
1/2 Bathrooms
1
-
Above Grade Finished Area
3805.0
-
Basement YN
YES
-
Cooling YN
YES
-
Cooling
Central Air, Electric
-
Heating YN
YES
-
Heating
Electric, Natural Gas, Forced Air, Heat Pump
-
Main Level Bedrooms
2
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Stucco
-
Parking
Driveway
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.53
-
Lot Size(square feet)
22896.0
-
Property Type
Residential
-
Property Sub Type
Single Family Residence
-
Architectural Style
Traditional
Price
-
Sales Price
$1,200,000
-
Tax Amount
$6,489
-
Zoning
Permitted for recovery center for up to 16 resients.
-
Sq. Footage
3, 805
-
Price/SqFt
$315
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
New Construction
NO
-
Accessibility Features
Stair Lift
-
Foundation Details
Stone
-
Senior Community YN
NO
-
Sewer
Public Sewer
-
Tax Lot
009
-
Water Source
Public
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Location
County
BALTIMORE CITY
Elementary School
Middle School
High School
Listing Courtesy of Will A Cannon III , Ben Frederick Realty, Inc.
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AGENT
Mary Wenck
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