Incredible Investment Opportunity: CALLING ALL INVESTORS & LANDLORDS! This is your chance to secure a solid investment with a guaranteed income of approximately $17,000 per year. This beautiful 2-bedroom, 2-bathroom home is currently licensed under the Section 8 program and comes with a reliable tenant who can stay or go. All rents are up to date, making this an excellent income-generating property from day one. Eligible for a rent increase in early summer. Situated on a quiet street in the desirable Belair-Edison neighborhood, this end-unit home offers the perfect blend of tranquility and accessibility. Just a short walk away, you'll find the scenic biking and walking trails of Herring Run Park, providing residents with an excellent recreational option right at their doorstep. This updated home boasts a range of modern features and amenities, including: Central air conditioning for year-round comfort Beautiful hardwood, tile, and carpeted flooring that's both stylish and easy to maintain Recessed lighting, creating a bright and inviting atmosphere An open kitchen and dining area with gas cooking, black appliances, a refrigerator with an icemaker, and a built-in microwave. This space is perfect for both cooking and entertainment. The kitchen opens to a spacious rear and side yard enclosed by vinyl privacy fencing. Here, you'll find a deck that's perfect for outdoor relaxation and gatherings. This area has all the makings of a serene oasis where tenants can enjoy the outdoors in privacy and comfort. The Belair-Edison neighborhood is known for its community spirit and convenient amenities. Residents benefit from proximity to parks, schools, shopping, and public transportation options. The property's quiet street adds to the overall appeal for both tenants and investors. Don't miss this outstanding investment opportunity! With a reliable Section 8 tenant in place and rents up to date, this turnkey property promises immediate returns. The updated interior, central air, and outdoor deck make it an attractive choice for tenants. Act now to secure this income-generating property and enjoy the benefits of a hassle-free investment in a prime location. BY APPOINTMENT ONLY! 24-HOUR NOTICE IS NEEDED!!
Property Details
Property Features
Property Information:
Architectural Style: Cape Cod
Year Built: 1948
Stories: 3
Living Area: 1,160 SqFt
Listing Office:
Office Name: Exit Results Realty
Office Phone: (410) 705-6295
Listing Agent: Sharron C Owens
Interior Features
Interior Information:
Appliances: Microwave, Dishwasher, Disposal, Dryer, Exhaust Fan, Ice Maker, Oven, Gas Range, Refrigerator, Washer, Water Heater
This property is $75K less than the Median Sold Price and $35/SqFt less than other homes in Baltimore, MD.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: BRIGHT
MLS Number: #MDBA2116220
Listing Office:
Office Name: Exit Results Realty
Office Phone: (410) 705-6295
Listing Agent: Sharron C Owens
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.
The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. 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. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$791
Per Month
Principal & Interest
$724
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$501
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
2
/10
Brehms Lane Elementary School
3536 Brehms Ln
Distance between this listing and this school0.11 miles
Public District Grades PK-5
Middle School
4
/10
Afya Public Charter School
2800 Brendan Ave
Distance between this listing and this school0.28 miles
Public Charter Grades 6-8
3
/10
Vanguard Collegiate Middle School
5000 Truesdale Rd
Distance between this listing and this school1.18 miles
Public District Grades 6-8
2
/10
Stadium School
1300 Gorsuch Ave
Distance between this listing and this school1.70 miles
Public District Grades 6-8
High School
1
/10
The Reach! Partnership School
2801 Saint Lo Dr
Distance between this listing and this school1.00 miles
Public District Grades 8-12
3
/10
Mergenthaler Vocational-Technical High School
3500 Hillen Rd
Distance between this listing and this school1.42 miles
Public District Grades 9-12
7
/10
Baltimore City College
3220 The Alameda
Distance between this listing and this school1.60 miles
Public District Grades 9-12
Assigned Schools
2
/10
Brehms Lane Elementary School
3536 Brehms Ln
Distance between this listing and this school0.11 miles
Public District Grades PK-5
Nearby Schools
5
/10
The Green School
2851 Kentucky Ave
Distance between this listing and this school0.25 miles
Public Charter Grades KG-5
4
/10
Sinclair Lane Elementary School
3880 Sinclair Ln
Distance between this listing and this school0.63 miles
Public District Grades PK-5
Assigned Schools
4
/10
Afya Public Charter School
2800 Brendan Ave
Distance between this listing and this school0.28 miles
Public Charter Grades 6-8
3
/10
Vanguard Collegiate Middle School
5000 Truesdale Rd
Distance between this listing and this school1.18 miles
Public District Grades 6-8
2
/10
Stadium School
1300 Gorsuch Ave
Distance between this listing and this school1.70 miles
Public District Grades 6-8
Assigned Schools
1
/10
The Reach! Partnership School
2801 Saint Lo Dr
Distance between this listing and this school1.00 miles
Public District Grades 8-12
3
/10
Mergenthaler Vocational-Technical High School
3500 Hillen Rd
Distance between this listing and this school1.42 miles
Public District Grades 9-12
7
/10
Baltimore City College
3220 The Alameda
Distance between this listing and this school1.60 miles
The neighbors living near this home have an average income of $37,625. The most common annual income of people living in Baltimore, MD is between $35k-100k. The majority of families are single, no kids. The majority of residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 3234 Pelham Ave
What is the listing price of this property?
The listing price of 3234 Pelham Ave property is $144,900.
What type of property is this?
The property 3234 Pelham Ave is a townhouse located in Baltimore, Maryland, 21213.
Is this property for sale now?
Sale Pending: 3234 Pelham Ave is Sale Pending (Pending), which means that the seller has accepted an offer but the sale is not finalized.
What are the assigned schools for this property?
The assigned schools for 3234 Pelham Ave are: Brehms Lane Elementary School: GreatSchools Rating 2/10Afya Public Charter School: GreatSchools Rating 4/10Vanguard Collegiate Middle School: GreatSchools Rating 3/10Stadium School: GreatSchools Rating 2/10The Reach! Partnership School: GreatSchools Rating 1/10Mergenthaler Vocational-Technical High School: GreatSchools Rating 3/10Baltimore City College: GreatSchools Rating 7/10
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $2,334 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on April 21, 2010 for $104,400. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 3234 Pelham Ave has 2 bedrooms and 2 bathrooms.
What is the square footage of this property?
The property 3234 Pelham Ave is 1,160 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 3234 Pelham Ave is 1948.
This home is located at 3234 Pelham Ave in Baltimore, MD and zip code 21213 in the Bel Air / Edison neighborhood. This 1,160 square foot home, which was built in 1948, sits on a 0.04 acre lot. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since March 01, 2024 and is currently priced at $144,900.
In March 2024, from all listings sold in Baltimore, MD there were more than 211 sold above asking price, over 181 sold below and more than 125 were sold right at the asked price. The number of homes for sale in Baltimore, MD increased by 3.9% between February 2024 and March 2024. Listings spent 36 days on the market in March 2024, and had a median list price of $219,999 during the same period.
From Rocket Homes Real Estate and based on county public records data.