Baltimore, MD 21207,3310 OAKFIELD
Baltimore, MD 21207,3310 OAKFIELD
Baltimore, MD 21207,3310 OAKFIELD
Baltimore, MD 21207,3310 OAKFIELD
Baltimore, MD 21207,3310 OAKFIELD
Baltimore, MD 21207,3310 OAKFIELD
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$462,500

$475,000

2.6%
Est.Price: ?

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Est. payment /mo

3,095 SqFt


SOLD DATE : 08/01/2024

Key Details

Sold Price $462,500

Property Type Multi-Family

Sub Type Detached

Listing Status Sold

Purchase Type For Sale

Square Footage 3,095 sqft

Price per Sqft $149

MLS Listing ID MDBA2107592

Sold Date 08/01/24

Style Converted Dwelling

Abv Grd Liv Area 3,095

Originating Board BRIGHT

Year Built 1920

Annual Tax Amount $5,079

Tax Year 2022

Lot Size 7,250 Sqft

Acres 0.17

Property Description

This 5-unit property in Forest Park delivers a steady stream of guaranteed rents from program tenants. Renovated in 2018, this investment property comes equipped with updated electrical and plumbing systems, ensuring long-term stability and peace of mind for investors. The building sits on a large, tree-shaded lot and tenants can enjoy the quiet neighborhood on the large front porch. Inside each 1-bedroom apartment are laminate floors throughout the living spaces and ceramic tile floors in the kitchens and bathrooms. Kitchens feature laminate countertops, real wood cabinets and a mix of 18″, 24″ and 30″ electric ranges. Most bathrooms have modern vanities, steel tubs and ceramic tile tub surrounds, which tenants can easily clean and maintain. Apartment 3 has a shower stall with ceramic tile surround. All units are separately metered allowing tenants to pay their own utility bills. In 2020, this electric-only building was upgraded to 600 amps, with 100 amps to each apartment. Every apartment has its own electric heat pump and central air conditioning. Utility closets inside the individual units also house State Select 40-gallon electric water heaters. The landlord does pay for water, per the lease agreements. In 2022, the main sewer line from the house to the City connection was replaced, saving the next owner worry and money for costly repair. In April, 2024, a new asphalt-shingle roof was installed, along with gutters. LiveBaltimore notes that 59% of residents in Forest Park rent, so there is strong demand for affordable housing in the community. Tenants can enjoy many parks in the area, as 3310 Oakfield sits between Lake Ashburton and Forest Park Golf Course. Retail shops are located along Liberty Heights Parkway, with major grocery, ShopRite, less than 5 minutes away.

Location

State MD

County Baltimore City

Zoning R-3

Rooms

Basement Daylight, Partial, Rough Bath Plumb

Interior

Hot Water Electric

Heating Heat Pump(s)

Cooling Central A/C

Heat Source Electric

Exterior

Water Access N

Roof Type Asphalt

Accessibility None

Garage N

Building

Foundation Stone

Sewer Public Sewer

Water Public

Architectural Style Converted Dwelling

Additional Building Above Grade

Structure Type Dry Wall

New Construction N

Schools

School District Baltimore City Public Schools

Others

Tax ID 0315022738 011

Ownership Fee Simple

SqFt Source Estimated

Acceptable Financing Cash, Conventional, Private

Listing Terms Cash, Conventional, Private

Financing Cash,Conventional,Private

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Will A Cannon III • Ben Frederick Realty, Inc.
Bought with Cheryl L, Sadera • Ben Frederick Realty, Inc.
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