3211 Batavia Ave,BALTIMORE, MD 21214
BALTIMORE, MD 21214
Description
$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 Rate12.0% Projected Cash-on-Cash Return Tenant in Place Through 8/31/2030
Details
| MLS # | MDBA2218222 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1920 |
| Days On Site | 94 |
| Listing Provided By | Ben Frederick Realty, Inc. | Will A Cannon III |
Features
| Units | 1 |
|---|---|
| Zoning | R-3 |
| Acreage | 0.53 |
Interior
| Cooling | Central A/C |
|---|---|
| Heating Yes / No | Yes |
| Heating | 90% Forced Air, Heat Pump(s) |
Exterior
| Roof | Asphalt |
|---|---|
| Construction Materials | Stucco |
Parking
| Garage Yes / No | No |
|---|
Taxes
| Tax Annual Amount | 6489 |
|---|
Area Information
| State | MD |
|---|---|
| County | BALTIMORE CITY MD |
| City | BALTIMORE |
| Zip Code | 21214 |
| Area | BALTIMORE CITY MD |
| Community Name | HAMILTON |
| School District | BALTIMORE CITY PUBLIC SCHOOLS |
| Listing VS Median (in HAMILTON) | |
Price: $1,100,000 low | high Med: $359,900 On site: 94 low | high Med: 27 | |
Market Activity 21214
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Learn More About This Property
| State | MD |
|---|---|
| County | BALTIMORE CITY MD |
| City | BALTIMORE |
| Zip Code | 21214 |
| Area | BALTIMORE CITY MD |
| Community Name | HAMILTON |
| School District | BALTIMORE CITY PUBLIC SCHOOLS |
| Listing VS Median (in HAMILTON) | |
Price: $1,100,000 low | high Med: $359,900 On site: 94 low | high Med: 27 | |
