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3712 Parkside Drive

Baltimore, MD 21206

– beds
– baths
5,866 sqft
~1/2 acre lot
$72 per sqft
1920 build

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Discover a premier investment choice in a highly desirable area with this multifamily property, currently generating a total annual rental income of $56,880, boasting a net operating income of $38,590, and offering an attractive 9.08% cap rate. This well-maintained property features five fully occupied apartments, including four one-bedroom, one-bathroom units, each offering privacy and convenience. The larger three-bedroom unit includes two bathrooms, ideal for families or shared living arrangements. A distinct advantage for both owner and tenants is the self-contained utility setup in each apartment, with individual gas and electric meters, heating systems, and water heaters, ensuring that tenants are responsible for their own utility bills. This arrangement enhances ease of management and tenant satisfaction. Further enhancing this investment's appeal, the property includes a manager's area in the basement that can be integrated with the three-bedroom unit to expand living space and increase rental income potential. Two detached garages, currently rented, provide additional revenue. Included in this offering is a vacant lot next door (3710 Parkside Dr), zoned for the development of a detached single-family home, (buyer to verify) presenting a lucrative opportunity for further development and investment diversification. This opportunity encapsulates both immediate returns and long-term growth potential. Act quickly to secure this multifaceted investment—Preapproval or Proof of Funds required prior to showing approval. 24 hours notice required for all showings.

Listing courtesy of BRIGHT / EXP Realty, LLC

Last checked: Checking… • Last updated Dec 26, 2024 •

MLS# MDBA2121126 —

The Building

Year Built:

1920
Year Built Source:

Assessor
New Construction:

No
Construction Materials:

Brick, Other
Building Levels:

4
Building Units Total:

4
Structure Type:

Detached
Architectural Style:

Colonial
Accessibility Features:

None
Foundation Details:

Block
Basement:

Yes
Basement Type:

Improved, Interior Access, Outside Entrance, Connecting Stairway, Partially Finished, Walkout Stairs
Total SqFt Source:

Estimated
Total Below Grade SqFt:

1600
Total Below Grade SqFt Source:

Estimated
Tax Total Finished SqFt:

4866

Interior

Fireplace:

No
Living Area SqFt Source:

Estimated

Room Dimensions

Total SqFt:

6466
Living Area SqFt:

5,866 Sqft

Financial & Terms

Sale Type:

Standard
Acceptable Financing:

Cash, Bank Portfolio, Other
Buyer Financing:

Conventional
Possession:

Settlement

Location

Directions:

Route 1 to Parkside Drive
Latitude:

39.33147000
Longitude:

-76.56863000

The Property

Property Type:

Multi-Family
Property Subtype:

Other
Property Condition:

Average
Lot Size Units:

Square Feet
Lot Size Acres:

0.44
Lot Size Source:

Assessor
Lot SqFt:

19,176 Sqft
Zoning:

R-5
In City Limits:

Yes
Other Structures:

Above Grade, Below Grade
Waterview:

No
Waterfront:

No
Water Oriented:

No
Water Access:

No
Navigable Water:

No
Tidal Water:

No
Land Use Code:

M
Ground Rent Exists:

No
Riparian Rights:

No

Listing Agent

Contact info:

Taxes

Tax ID Number:

0327015898F005
Tax Year:

2024
Tax Lot:

005
Tax Annual Amount:

$9,785
Tax Assessed Value:

$422,200
Year Assessed:

2024
County Tax:

464.00
City/Town Tax:

9320.00
Total Taxes Payment Frequency:

Annually

The Listing

Close Sale Type:

Standard Sale

Heating & Cooling

Cooling Type:

None
Central Air:

No
Cooling Fuel:

Electric
Heating:

Yes
Heating Type:

Hot Water
Heating Fuel:

Electric, Natural Gas

Utilities

Sewer/Septic:

Public Sewer
Hot Water:

Electric, Natural Gas
Water Source:

Public

Schools

Elementary School:

Gardenville
School District Name:

Baltimore City Public Schools
School District Source:

3rd Party

The Community

Pool:

No Pool
Cap Rate:

8.57

Parking

Total Garage and Parking Spaces:

7
Garage:

Yes
Garage Features:

Garage - Front Entry
Garage Spaces:

2.00
Type of Parking:

Off Street, Detached Garage, Driveway
# of Detached Garage Spaces:

2
Driveway - # of Spaces:

5

Extra Units

Vacation Rental:

No
One Bedroom Units:

4
Three Bedroom Units:

1

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

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Transit Score®

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Soundscore™

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Sale history

Date	Event	Source	Price	% Change
12/23/24 Dec 23, 2024	Sold	BRIGHT	$427,500	0.6%
11/10/24 Nov 10, 2024	Pending	BRIGHT	$425,000
8/4/24 Aug 4, 2024	Sold Subject To Contingencies	BRIGHT	$425,000

Multifamily Sold on 12/23/2024

$427,500

Listing provided by broker:

Gregory A Cullison Jr.

EXP Realty, LLC

(888) 860-7369

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Listing Courtesy of: BRIGHT and EXP Realty, LLC.

The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. BRIGHT MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller.

3712 Parkside Drive

Baltimore, MD 21206