3515 AILSA AVE
About This Property
Awaiting its revival, this home boasts timeless hardwood floors just waiting to be restored to their former glory. Step through the inviting porch front into a spacious living room adorned with a classic fireplace, setting the scene for cozy evenings with loved ones. Entertain guests in the formal dining room, perfect for gatherings and celebrations.
The heart of the home lies in the eat-in kitchen, offering ample space for culinary creativity and casual dining. Step outside to the covered rear porch, where mornings can be savored and evenings enjoyed in the privacy of the fenced rear yard, offering a serene retreat in the heart of the city.
Upstairs, three generously sized bedrooms await, offering comfortable accommodations for family and guests. A full bath completes this level, promising convenience and functionality.
Descending to the lower level, discover a spacious family room, offering versatile space for relaxation and entertainment. A powder room adds convenience, while the utility room provides practicality. With steps leading to the driveway, accessing your vehicle is a breeze.
With some deferred maintenance and a seller seeking a cash sale with a quick close, this property presents an excellent opportunity to invest in Baltimore City real estate and earn sweat equity in the process. Don't miss the chance to breathe new life into this home and create a haven tailored to your tastes and needs. Seller will not make repairs - sold strictly AS IS.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 19, 2024 | Sold | ||
| Sold | |||
| Mar 27, 2024 | In contract | - | |
| In contract | |||
| Mar 26, 2024 | Listed by Long & Foster Real Estate, Inc. | $170,000 | |
| Listed by Long & Foster Real Estate, Inc. | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017