2421 E MADISON ST E new to site Save Request In-Person Tour Request Virtual Tour
Baltimore,MD 21205
Key Details
Property Type Townhouse
Sub Type End of Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 1,300 sqft
Price per Sqft $126
Subdivision Mcelderry Park
MLS Listing ID MDBA2170622
Style Federal
Bedrooms 4
Full Baths 3
Year Built 1920
Annual Tax Amount $960
Tax Year 2024
Lot Size 980 Sqft
Property Sub-Type End of Row/Townhouse
Property Description
Incredible investment opportunity! Turnkey, occupied subsidized rental with 11+ YEAR TENANCY and strong flip potential – this booming corridor supports post-renovation values of $345K! Currently leased through the Section 8 program for a whopping $1,836 per month, this well-maintained end-unit is an investor's dream. 2421 E Madison St boasts three finished levels, exposed brick, LVP flooring, recessed lighting, and modern kitchen updates including cabinetry, countertops, and appliances. Bathrooms have been tastefully remodeled, and the finished basement features a sleek cut-out stair design that adds architectural interest. With a written lease, LEAD FREE lead certificate, and rental license in hand along with being in compliance with Section 8 inspections, this is a true plug-and-play rental. It's also located just .5 miles from renowned Johns Hopkins Hospital and Baltimore's beloved Patterson Park, complete with walking paths, tennis courts, ballfields, a skating rink, lake, swimming pool, and year-round events! Don't miss your chance to add this outstanding property to your rental portfolio today! Interested in a potential future flip? This home could achieve a sales price of $345K! See 2315 Ashland Ave – just 2.5 blocks from 2421 E Madison St, similar size, also 4 bedrooms, with a finished basement and sold for $345K on 2/10/2025. See 2220 E Madison St, just 3.5 blocks from 2421 E Madison St, similar size and sold for $341,960 on 12/27/2024. This one won't last long!
Location
State MD
County Baltimore City
Zoning R-8
Rooms
Other Rooms Living Room,Dining Room,Bedroom 2,Bedroom 3,Kitchen,Family Room,Bedroom 1,Laundry,Bathroom 1,Bathroom 2,Bonus Room,Half Bath
Interior
Hot Water Electric
Heating Forced Air
Cooling None
Flooring Luxury Vinyl Plank,Carpet
Inclusions refrigerator, stove, washer, dryer
Equipment Dryer,Oven - Single,Oven/Range - Gas,Refrigerator,Stove,Washer,Water Heater
Laundry Basement,Dryer In Unit,Has Laundry,Lower Floor,Washer In Unit
Exterior
Exterior Feature Patio(s),Enclosed
Fence Partially,Rear,Masonry/Stone
Water Access N
View City,Street
Building
Lot Description Corner
Story 3
Foundation Other
Sewer Public Sewer
Water Public
Structure Type Brick,Dry Wall,High
New Construction N
Schools
School District Baltimore City Public Schools
Others
Special Listing Condition Standard
Virtual Tour https://fusion.realtourvision.com/idx/281066