MLS#MDBA2218222
STATUSACTIVE
PROPERTY TYPECommercial -
SUBDIVISIONHAMILTON
SCHOOLBALTIMORE CITY PUBLIC SCHOOLS
Property 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 • $1,200,000 Purchase Price • $103,237 Current NOI • $8,603 Monthly NOI • 8.60% Cap Rate •9.5% Projected Cash-on-Cash Return • Tenant in Place Through 8/31/2030
Property Features
Property Type: Commercial -
Cooling: Central A/C
Fuel Type: Natural Gas, Electric
Heating: 90% Forced Air, Heat Pump(s)
Lot Size: 0.53 Acres
Roof Type: Asphalt
Taxes: $6,489
Year Built: 1920
Feature Descriptions
Accessibility: Chairlift, Level Entry - Main, Ramp - Main Level
Days on Site: 5
Electric: 200+ Amp Service
Exterior: Stucco
Lot Dimensions: 0.53 Acre(S)
Municipality: Baltimore City
Sewer: Public Sewer
Total Garage/Parking Spaces: 5
Units: 1
Water: Public
Local Schools
School District: BALTIMORE CITY PUBLIC SCHOOLS
Listed By / Shown By
Listed By
Agency Name: Ben Frederick Realty, Inc.
Agency Phone: 4102359500
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0040
3211 Batavia Avenue | MLS# MDBA2218222
This commercial property located at 3211 Batavia Avenue, Baltimore, MD 21214 is currently listed for sale with an asking price of $1,200,000. Batavia Avenue is located within the BALTIMORE CITY PUBLIC SCHOOLS school district. Search Baltimore real estate on www.realtymark.net today.