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Image 1 - 1501 Druid Hill Ave, Baltimore, Maryland, 21217 - House for sale

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Home For Sale In Baltimore, Maryland

1501 Druid Hill Ave, Baltimore, Maryland, 21217

Home For Sale In Baltimore, Maryland

house for sale

Listed: 04/03/24

1501 Druid Hill Ave, Baltimore, Maryland, 21217

4 Bed:

2.5 Bath:

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Price

$ 239,000

Show 3 more

About This House

Great Investment Opportunity! This two-apartment brownstone boasts two distinct living spaces. The lower unit features a one-bedroom, one-bathroom layout, while the upper unit offers enhanced accommodations with three bedrooms and 1.5 full bathrooms. Both units are currently tenant occupied, ensuring immediate cash flow and eliminating the hassle of securing tenants. With a robust Capitalization Rate of 8.3%, this property offers investors exceptional income-generating potential. A significant advantage of this property is the tenant responsibility for all utilities. This arrangement alleviates the burden on the owner, resulting in lower operational costs and increased net income. Sold in as-is condition.

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Upton Housing & Living

Household Income

Median household income: $51,000

Number of households: 237,204

The average household income in Baltimore, MD grew from $47,131 to $51,000 in the past year. This data is an estimate based upon 237,204 households in Baltimore, MD.
The chart below presents how household income is distributed in Baltimore, MD in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+

One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Baltimore, MD compared to median property taxes around the country. The prevalent amount of property taxes in Baltimore, MD equals $3k+ , which is more than the national average.