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Karen Scarpa

[email protected] +1(732) 631-4514

Listed by Lee R. Tessier • EXP Realty, LLC

$ 251,000

Est. payment -/mo

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3508 OAK CT Baltimore, MD 21207

4 Beds

2 Baths

1,138 SqFt

UPDATED:

Key Details

Property Type Townhouse

Sub Type End of Row/Townhouse

Listing Status Active

Purchase Type For Sale

Square Footage 1,138 sqft

Price per Sqft $220

Subdivision Lochearn

MLS Listing ID MDBC2149066

Style Ranch/Rambler

Bedrooms 4

Full Baths 1

Half Baths 1

HOA Y/N N

Abv Grd Liv Area 1,138

Year Built 1957

Annual Tax Amount $3,481

Tax Year 2025

Lot Size 8,321 Sqft

Acres 0.19

Lot Dimensions 1.00 x

Property Sub-Type End of Row/Townhouse

Source BRIGHT

Property Description

Selling this with tenant in place. $120 annual ground rent. No HOA. Property is tenant-occupied under a lease through January 2027. Current lease consistently generates $2,221 per month in rental income. They are responsible for water and sewer. This property is Lead Free. This is a well-kept 4 bed, 1.5 ba townhouse. Full legal bedroom in basement. Room for a bath downstairs if you want. New sewer (2025). New half bath in basement, which has room to become a full bath. The full basement still has plenty of room. Refrigerator, stove, dishwasher, microwave, washer, and dryer included. Roof, gas furnace, and central air conditioning are all about 13 years old. I have kept up this property. If something needed repair or replacement, it was done. ------- I am retiring and offering my 3-property portfolio (I will sell individually too) as tenant-occupied with existing leases in place. This doesn't preclude you from raising the rent at lease end or not renewing their lease. Tenants have a consistent payment history. Although it's not a must-sell situation, if I don't have a contract by January 31st, I will pull them off the market and sell them retail; located in established residential neighborhoods. So let me consider all offers before then. ======= The property demonstrates stable, long-term rental performance, so even though they are not vacant, it's time to dump these properties. If I don't sell now, I will withdraw, renovate, and sell retail this year or next. I'm not an out-of-state owner, and I am a motivated seller, but I'm not a desperate seller. I feel my portfolio is priced to sell. Existing leases will be transferred to the new owner. I'm willing to offer a tour and share my profit and loss, rent roll, and CapEx roll with you if you qualify. I would love a quick close or a fast close, but it doesn't have to be cash only. You'll see they are not distressed after you review the videos. Please bring all offers; these properties are being sold “as is.” The most significant value add is that you will have cash flow from day one. I am not in foreclosure, and they are not bank-owned or REO. No short sale paperwork to deal with. I want to sell these before any estate sale or before they get caught up in a probate sale. Some of the properties possibly need work, but I wouldn't call any a fixer-upper. There is nothing you would have to do to get them rented, because they are already rented. I have a handyman who does great work, and I will be glad to give you his name at closing for your handyman specials. There is a renovation opportunity when these tenants move out, more like cosmetic updates. These are far from untouched and offer an equity opportunity with great bones and upside. Some have new roofs, new HVAC, and new appliances. As a landlord, I was quick to resolve issues and repair or replace as needed, so I don't feel any need TLC. They aren't a blank canvas or even in original condition. Using the income approach, you will see a real discount to valuation. This is offered below market value, and I think it has an attractive price point. I'm sorry, I can't offer owner financing or have the seller carry any of the paper. Ideal for income-focused buyers seeking immediate cash flow. This can't be sold as a lease option or subject-to. I think they are being offered at a fair price, even underpriced. I have been honest with my tenants and with you. I've been doing this since 1987. Check out the rest of my portfolio.

Location

State MD

County Baltimore

Zoning NA

Rooms

Basement Partially Finished

Main Level Bedrooms 3

Interior

Hot Water Natural Gas

Heating Forced Air

Cooling Central A/C

Equipment Dishwasher, Washer, Microwave, Disposal, Dryer, Stove, Refrigerator

Furnishings No

Fireplace N

Appliance Dishwasher, Washer, Microwave, Disposal, Dryer, Stove, Refrigerator

Heat Source Natural Gas

Exterior

Water Access N

Accessibility None

Garage N

Building

Story 2

Foundation Concrete Perimeter

Above Ground Finished SqFt 1138

Sewer Public Sewer

Water Public

Architectural Style Ranch/Rambler

Level or Stories 2

Additional Building Above Grade, Below Grade

New Construction N

Schools

High Schools Woodlawn High Center For Pre-Eng. Res.

School District Baltimore County Public Schools

Others

Senior Community No

Tax ID 04020216900016

Ownership Ground Rent

SqFt Source 1138

Special Listing Condition Standard

Karen Scarpa

Agent | RMFR8838475

+1(732) 631-4514

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East Brunswick, NJ

Karen Scarpa

3508 OAK CT Baltimore, MD 21207

Key Details

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