5301 Edmondson Ave, BALTIMORE, MD

About 5301 Edmondson Ave

Great investment opportunity. Facing Baltimore County line just inside Baltimore City near Catonsville. Four 1-bedroom/1-bathroom units have been rented, and the fifth unit (2-bedrooms/1-bathroom) is being renovated as the owner’s suite. Can be used as 5-unit rental property and is cross-listed in the “Commercial” section of MLS as 5-unit rental property: MDBA2186238. Current gross annual rent for 4 units is $61,200, and will potentially increase to $79,200 if the fifth unit is rented out after renovation. The property is licensed as a rental property for 5 units, and the buyer to verify with the lender for most appropriate type of loan if it is not a cash purchase. This property is conveniently located for short commute to UMBC, downtown Baltimore. There are six electrical meters for 5 units paid by the tenants and the common area usage paid by the landlord. Heating utility is provided by the landlord. Coin laundry washer and dryer are located in the basement. Two-car attached garage can be leased in the future (it’s currently used as storage). Expected to be “Active” on 10/27 (Mon). Showing can be scheduled for the buyers with proof of funds or pre-approved buyers. Sold As-Is.

Listing Map