613 Maude Ave Baltimore, MD 21225
- Commercial real estate
- 1,294 SF
Current Use by Public Records
- Commercial real estate
Property Details for 613 Maude Ave
- Year built
- 1944
- Property size
- 1,294 SF
- Property type
- Commercial real estate
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.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Baltimore
- County
- Baltimore
- State
- Maryland
- Longitude
- -76.6003999
- Latitude
- 39.2379066
