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About the Listing MIDRE1 - 3392438
PROPERTY HIGHLIGHTS Subject to Offer. 3612 Eldorado Avenue is an 18-unit, three-story apartment building totaling approximately 17,673 SF in Baltimore's Howard Park neighborhood. The property is currently vacant and nearly rent-ready, giving a buyer the opportunity to lease the entire building with a new tenant base. The unit mix includes one-, two-, three-, and four-bedroom apartments. Amenities include private balconies, a resident courtyard, shared laundry, seven garages, and direct stair access to the roof. INCOME POTENTIAL Estimated pro forma rents are $1,250 for one-bedroom, $1,500 for two-bedroom, $1,750 for three-bedroom, and $2,100 for four-bedroom units. Based on an estimated mix of 9 one-bedrooms, 6 two-bedrooms, 2 three-bedrooms, and 1 four-bedroom, the property could generate approximately $25,850/month or $310,200/year in gross residential rent. This excludes additional income potential from the seven garages and shared laundry. LOCATION & ACCESS Located directly across Eldorado Avenue from Forest Park High School. ShopRite of Howard Park and Coppin State University are nearby. Public transportation is available at Liberty Heights Avenue & Eldorado Avenue, served by MTA CityLink LIME and LocalLink 34. FIVE KEY HIGHLIGHTS 18 Units | Nearly Rent-Ready Seven Income-Producing Garage Spaces Balconies, Courtyard & Shared Laundry Directly Across Forest Park High CityLink LIME & LocalLink 34
Listing Highlights
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
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- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No,In City Limits
- Garage Capacity: N/A
- Parking Spaces: 9
- Zoning: R-4
- Roof:
- Others: Excellent
- Sewer: Public Sewer
- Parking Features: On Street,4+ Spaces,3+ Spaces,2+ Spaces,1+ Spaces
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: N/A
Payment Calculator
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3612 Eldorado Ave Baltimore, MD 21207
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