3211 Batavia Avenue Baltimore, MD 21214

$1,100,000
9
Beds
3.5
Baths
0.53
Acres
3,805
SQFT
289
$/SQFT
$1,100,000
9
Beds
3.5
Baths
3,805   sf
$289 / sf
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$8,603 Monthly NOI with Tenant in Place Through August 2030!Rare opportunity to acquire a renovated income-producing property with a long-term lease already in place. The current tenant is secured through August 31, 2030, providing immediate cash flow and operational continuity from day one.Unlike many residential investments, the tenant is responsible for utilities, maintenance, and replacement of major building systems, including HVAC and water heating equipment. This structure reduces owner involvement, limits capital expenditure exposure, and creates a more passive ownership experience than typical residential rental property.Renovated in 2024, the 3,805-square-foot building is configured across nine bedrooms and features durable finishes designed for high-occupancy use. Improvements include a modern kitchen with granite and laminate countertops, wood cabinetry, multiple refrigerators, gas cooking, updated baths, laminate flooring, chairlifts, an ADA-accessible entry ramp, and a full sprinkler system.Mechanical systems include a 90+ AFUE Rheem gas-fired furnace with dual-zone central air conditioning, an additional attic-mounted heat pump with independent thermostat, a 50-gallon electric water heater, and updated C-PVC and PVC plumbing.Located in the owner-occupied Hamilton-Waltherson neighborhood, just off Harford Road, the property offers convenient access to I-95, I-695, Downtown Baltimore, and numerous employment centers throughout the region.Investment Summary• $1,100,000 Purchase Price• $103,237 Current NOI• $8,603 Monthly NOI•9.39% Cap Rate•12.0% Projected Cash-on-Cash Return• Tenant in Place Through 8/31/2030

$8,603 Monthly NOI with Tenant in Place Through August 2030!Rare opportunity to acquire a renovated income-producing property with a long-term lease already in place. The current tenant is secured through August 31, 2030, providing immediate cash flow and operational continuity from day one.Unlike many residential investments, the tenant is responsible for utilities, maintenance, and replacement of major building systems, including HVAC and water heating equipment. This structure reduces owner involvement, limits capital expenditure exposure, and creates a more passive ownership experience than typical residential rental property.Renovated in 2024, the 3,805-square-foot building is configured across nine bedrooms and features durable finishes designed for high-occupancy use. Improvements include a modern kitchen with granite and laminate countertops, wood cabinetry, multiple refrigerators, gas cooking, updated baths, laminate flooring, chairlifts, an ADA-accessible entry ramp, and a full sprinkler system.Mechanical systems include a 90+ AFUE Rheem gas-fired furnace with dual-zone central air conditioning, an additional attic-mounted heat pump with independent thermostat, a 50-gallon electric water heater, and updated C-PVC and PVC plumbing.Located in the owner-occupied Hamilton-Waltherson neighborhood, just off Harford Road, the property offers convenient access to I-95, I-695, Downtown Baltimore, and numerous employment centers throughout the region.Investment Summary• $1,100,000 Purchase Price• $103,237 Current NOI• $8,603 Monthly NOI•9.39% Cap Rate•12.0% Projected Cash-on-Cash Return• Tenant in Place Through 8/31/2030

  • Neighborhood
  • Type
  • Total Baths
  • 1/2 Baths
  • County
    Baltimore City
  • Tax Amount
    $6,489
  • Status
    Active
  • Listing #
    MDBA2218312
  • Built
    1920
  • Lot Size
    0.53
  • Listed on site
    18 days
  • Listing Agent Id
    121137131018

Listed by:
Ben Frederick Realty, Inc.

Source:
BRIGHT MLS

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Property details

Community Features

  • No HOA
  • No Adult Community

Property Features

  • No Builder Restrictions

Exterior features

  • No Pool
  • Basement

Interior Features

  • Central Air Conditioning
  • Main Floor Bedroom

Style

  • Traditional

Property History

DateDays AgoEventNew Price
Jun 13, 202611 days agoPrice decreased100,000 (8%)$1,100,000
Jun 5, 202619 days agoNew on market$1,200,000
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