Property
Beds
8
Full Baths
None
1/2 Baths
None
Year Built
1966
Sq.Footage
0
House hacking opportunity! Whether you're an investor seeking strong cash flow or an owner-occupant looking to offset your mortgage with rental income, this updated 4-unit property, with 1 leased unit and 3 move-in ready units, offers flexibility and an opportunity to earn an estimated $56,400 in annual rental income! Located on a well-maintained block just a stone's throw from the Baltimore County line, 3916 Maine Ave is a standout with its lush green yard and clean exterior presentation. The interior continues to impress. THE OCCUPIED UNIT : The tenant pays $1,100/month plus a $60 utility reimbursement, providing immediate income from day one. THE MOVE-IN READY UNITS : The remaining three units have been recently updated and are move-in ready. Each offers 2 bedrooms and 1 full bathroom, abundant natural light, modern LVP flooring, updated kitchens, modern appliances, improved bathrooms, and has its own individual furnace, AC condenser, and water heater. Projected rents for each of the vacant units is $1,200/month (see 3510 Milford Ave #12 which was a 2 bedroom, 1 full bathroom unit that leased for $1,200), bringing the property's estimated gross income to roughly $4,700/month, or $56,400/year. The versatility here is hard to beat! Live in one unit and use the rental income to offset your mortgage costs, create a multigenerational living arrangement with family while maintaining your independence, or lease all four units and maximize income. One of the vacant units is conveniently located on the main level, offering an option for main-level living, which isn’t easy to come by. To make the transition even easier, the owner already holds a 4-unit rental license and a lead free lead certificate for the occupied unit. Don’t let this one get away; schedule a showing today!
Features & Amenities
Interior
-
Other Interior Features
Open Floorplan
-
Total Bedrooms
8
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Central Air, Electric
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Natural Gas, Forced Air
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Brick Veneer, Concrete
-
Other Exterior Features
Lighting, Rain Gutters
-
Parking
On Street, Paved
-
Pool
No
-
Waterfront YN
NO
-
View
Street, Garden
Area & Lot
-
Lot Features
Front Yard, Back Yard
-
Lot Size(acres)
0.35
-
Lot Size(square feet)
15055.0
-
Property Type
Residential Income
-
Property Sub Type
Quadruplex
-
Architectural Style
Contemporary
Price
-
Sales Price
$450,000
-
Tax Amount
$3,540
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
New Construction
NO
-
Foundation Details
Other
-
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 Jamie L Koehler , Cummings & Co. Realtors
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AGENT
Nikki Ott
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