2111 PARK AVE Baltimore, MD 21217
2 Beds
1 Bath
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Subdivision Reservoir Hill
MLS Listing ID MDBA2180486
Style Other
Bedrooms 2
Full Baths 1
HOA Y/N N
Year Built 1729
Annual Tax Amount $14,183
Tax Year 2025
Source BRIGHT
Property Description
The asset is currently underperforming, with average in-place rents of approximately $1,060 per unit, roughly 50% below the market average of $1,800, creating significant upside potential. Gross rental income is projected to grow from approximately $181,000 at current rents to $352,000 in Year 1, driving NOI growth from $78,426 currently to $219,380 in Year 1 as vacant and under-market units are leased at market rates
The property features spacious units with hardwood floors and private balconies, ample parking, shared laundry facilities, and separately metered gas and electric, reducing owner expense exposure. The investment strategy centers on leasing stabilization and pushing rents to market levels, positioning the asset to deliver attractive cash flow growth and a compelling risk-adjusted return profile.
Location
State MD
County Baltimore City
Rooms
Main Level Bedrooms 2
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling None
Fireplace N
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Story 3
Sewer Public Sewer
Water Public
Architectural Style Other
Level or Stories 3
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Baltimore City Public Schools
Others
Senior Community No
Tax ID 0313113455 027
Ownership Other
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
