1708 Harlem Avenue

Baltimore MD 21217

3420 sq. ft.

1473 sq. ft.

Duplex

Currently for sale - view listing

Overview

Outstanding 30% cash-on-cash return and 12% cap rate on this renovated, fully occupied three-unit multifamily property, which appraised in 2023 for $258,000. Gross rent is $3,450/m (Unit 1 $1200/m. Unit 2 $1,200/m, Unit 3 $1,050/m) - See uploaded investment summary. 2023 improvements include all new electrical work, three new boilers, three new kitchens and bathrooms, new flooring, and cosmetic updates throughout. The property features separately metered gas and electric, active lead certificates and rental licenses, and market-rate tenants (not Section 8). Unit mix consists of two 2BR/1BA units and one 1BR/1BA unit. Seller utilizes a local maintenance provider for trash service and common-area cleaning at a low monthly cost, with additional services available as needed. The property is in good working order and represents an excellent opportunity for an investor seeking stabilized income with minimal day-to-day involvement. Minimum 24-hour notice required for showings; maintenance personnel will provide access. Located on a quiet block surrounded by open space, with nearby bus service, approximately one mile to Metro, and convenient access to downtown and major commuter routes.