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3612 Eldorado Ave
Gwynn Oak, MD 21207
Multifamily Property For Sale
·
18 Units
Executive Summary
PROPERTY HIGHLIGHTS
Subject to Offer. 3612 Eldorado Avenue is an 18-unit, three-story apartment building totaling approximately 17,673 SF in Baltimore's Howard Park neighborhood. The property is currently vacant and nearly rent-ready, giving a buyer the opportunity to lease the entire building with a new tenant base. The unit mix includes one-, two-, three-, and four-bedroom apartments. Amenities include private balconies, a resident courtyard, shared laundry, seven garages, and direct stair access to the roof.
INCOME POTENTIAL
Estimated pro forma rents are $1,250 for one-bedroom, $1,500 for two-bedroom, $1,750 for three-bedroom, and $2,100 for four-bedroom units.
Based on an estimated mix of 9 one-bedrooms, 6 two-bedrooms, 2 three-bedrooms, and 1 four-bedroom, the property could generate approximately $25,850/month or $310,200/year in gross residential rent. This excludes additional income potential from the seven garages and shared laundry.
LOCATION & ACCESS
Located directly across Eldorado Avenue from Forest Park High School. ShopRite of Howard Park and Coppin State University are nearby. Public transportation is available at Liberty Heights Avenue & Eldorado Avenue, served by MTA CityLink LIME and LocalLink 34.
FIVE KEY HIGHLIGHTS
18 Units | Nearly Rent-Ready
Seven Income-Producing Garage Spaces
Balconies, Courtyard & Shared Laundry
Directly Across Forest Park High
CityLink LIME & LocalLink 34
Subject to Offer. 3612 Eldorado Avenue is an 18-unit, three-story apartment building totaling approximately 17,673 SF in Baltimore's Howard Park neighborhood. The property is currently vacant and nearly rent-ready, giving a buyer the opportunity to lease the entire building with a new tenant base. The unit mix includes one-, two-, three-, and four-bedroom apartments. Amenities include private balconies, a resident courtyard, shared laundry, seven garages, and direct stair access to the roof.
INCOME POTENTIAL
Estimated pro forma rents are $1,250 for one-bedroom, $1,500 for two-bedroom, $1,750 for three-bedroom, and $2,100 for four-bedroom units.
Based on an estimated mix of 9 one-bedrooms, 6 two-bedrooms, 2 three-bedrooms, and 1 four-bedroom, the property could generate approximately $25,850/month or $310,200/year in gross residential rent. This excludes additional income potential from the seven garages and shared laundry.
LOCATION & ACCESS
Located directly across Eldorado Avenue from Forest Park High School. ShopRite of Howard Park and Coppin State University are nearby. Public transportation is available at Liberty Heights Avenue & Eldorado Avenue, served by MTA CityLink LIME and LocalLink 34.
FIVE KEY HIGHLIGHTS
18 Units | Nearly Rent-Ready
Seven Income-Producing Garage Spaces
Balconies, Courtyard & Shared Laundry
Directly Across Forest Park High
CityLink LIME & LocalLink 34
Property Facts
| Price Per Unit | $94,444 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.31 AC |
| No. Units | 18 | Building Size | 17,673 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1935 |
| Apartment Style | Low-Rise | ||
| Zoning | R-4 | ||
| Price Per Unit | $94,444 |
| Sale Type | Investment |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.31 AC |
| Building Size | 17,673 SF |
| No. Stories | 3 |
| Year Built | 1935 |
| Zoning | R-4 |
Property Taxes
| Parcel Number | 8248-005 | Improvements Assessment | $1,101,000 |
| Land Assessment | $67,600 | Total Assessment | $1,168,600 |
Property Taxes
Parcel Number
8248-005
Land Assessment
$67,600
Improvements Assessment
$1,101,000
Total Assessment
$1,168,600
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