613 Maude AveBaltimore, MD 21225

Property Details for 613 Maude Ave

Year built

1944

Property size (Sq ft)

1,294 SF

Property type

Apartment buildings

Description

This two-unit apartment building in Baltimore, MD, presents a compelling investment opportunity. Located at 613 Maude Ave, this 1944-built property boasts 1,294 square feet on a 2,850 square foot lot, zoned R-6. The building features two units, each with a kitchen and full bathroom. One unit is a one-bedroom (potentially expandable to three bedrooms) and the other is a one-bedroom. Currently 100% occupied, the property generates a substantial net operating income (NOI) of $25,776 annually, with a total scheduled monthly rental income of $2,148. One unit benefits from Section 8 rental assistance, with a monthly tenant portion of $144 and a monthly HAP portion of $1,004. Both units are currently under lease with tenants paying rent on time. The property is offered fee simple, free and clear of all liens. Conveniently located near Cherry Hill Park and I-895, this property offers strong rental income and potential for future appreciation. Annual real estate taxes are $1,734.60. This is a pre-auction offering with the auction beginning November 19th. The buyer is responsible for verifying all zoning, permits, and usage information.

Location Insight

City

Baltimore

County

Baltimore City

State

Maryland

Latitude

39.2379

Longitude

-76.6004

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