$500,000
$525,000
4.8%For more information regarding the value of a property, please contact us for a free consultation.
711 GLADSTONE AVE Baltimore, MD 21210
4,180 SqFt
Key Details
Sold Price $500,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 4,180 sqft
Price per Sqft $119
Subdivision Roland Park
MLS Listing ID MDBA535306
Sold Date 04/26/21
HOA Y/N N
Originating Board BRIGHT
Year Built 1900
Annual Tax Amount $9,702
Tax Year 2021
Lot Size 9,375 Sqft
Acres 0.22
Lot Dimensions 75' x 125'
Property Description
Located just off of Roland Avenue, a grand tree-lined boulevard designed by world famous landscape architect Frederick Olmstead, your residents are two blocks away from the Roland Park retail district, where they can enjoy a cup of coffee from Starbucks and pick up groceries and prepared meals. One of Baltimore's wealthiest neighborhoods, these Roland Park tenants can enjoy a suburban living experience while benefiting from City life. Roland Avenue features a bike lane and Gladstone Avenue is a quiet, one way street with easy connections, only about a mile away, to I-83 for access to downtown and northern suburbs. This neighborhood has a WalkScore of 73 and "A" Grade for crime. Additionally, there are public transit options nearby. The first floor "Owner's Suite" is a 2 bedroom, that has been rented on a three-year lease with built-in annual rent increases. The terrace Apartment was updated more recently and features wall to wall carpeting and a small den for added living space. All other apartments have hardwood flooring in the main living areas. Bathrooms and kitchens have a mix of vinyl, linoleum or laminate flooring. Kitchens include full size refrigerators, mostly original metal cabinets and Formica countertops. 3 of the apartments have 30" electric ranges; 2 have 24" electric ranges. Bathrooms all classic 1950's styling, with wall-mounted sinks, cast iron tubs and ceramic tile tub surround. The owner pays for the heating oil for the building with a 12 year old modern 165,000 BTU Columbia oil-fired hot water radiator heating system. One gas meter provides gas to the 75-gallon water heater. Each apartment has its own electric meter, with 60 Amps of service to each and fuse panels. Take advantage of this incredible opportunity, as the current one-bedroom apartments rent at $800 per month, whereas other one-bedroom apartments in this area rent for $1,000 to $1,500 per month, depending upon the level of upgrades and amenities.
Location
State MD
County Baltimore City
Zoning R-3
Interior
Hot Water Natural Gas
Heating Hot Water, Radiator
Cooling None
Flooring Hardwood, Carpet
Heat Source Oil
Exterior
Garage Spaces 2.0
Water Access N
Roof Type Asphalt,Rubber
Accessibility None
Total Parking Spaces 2
Garage N
Building
Lot Description Rear Yard, SideYard(s)
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Baltimore City Public Schools
Others
Tax ID 0327144924 009
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Cheryl L, Sadera • Ben Frederick Realty, Inc.
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