MD > Baltimore > Mcelderry Park
Baltimore, MD 21205,2421 E MADISON ST E
Baltimore, MD 21205,2421 E MADISON ST E
Baltimore, MD 21205,2421 E MADISON ST E
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Clorissa Wince

Clorissa Wince

REAL Broker

+1(703) 762-6333
Listed by Jamie L Koehler • Cummings & Co. Realtors
$165,000
Est. payment /mo
4 Beds
3 Baths
1,300 SqFt
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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

HOA Y/N N

Abv Grd Liv Area 1,300

Year Built 1920

Annual Tax Amount $960

Tax Year 2024

Lot Size 980 Sqft

Acres 0.02

Property Sub-Type End of Row/Townhouse

Source BRIGHT

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

Direction North

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

Basement Connecting Stairway, Daylight, Partial, Fully Finished, Heated, Improved, Interior Access, Space For Rooms, Windows, Walkout Stairs, Outside Entrance

Interior

Interior Features Bathroom - Stall Shower, Bathroom - Tub Shower, Bathroom - Walk-In Shower, Carpet, Combination Dining/Living, Combination Kitchen/Dining, Dining Area, Family Room Off Kitchen, Floor Plan - Open, Kitchen - Eat-In, Kitchen - Table Space, Recessed Lighting, Upgraded Countertops

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

Appliance Dryer, Oven - Single, Oven/Range - Gas, Refrigerator, Stove, Washer, Water Heater

Heat Source Natural Gas

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

Accessibility None

Porch Patio(s), Enclosed

Garage N

Building

Lot Description Corner

Story 3

Foundation Other

Sewer Public Sewer

Water Public

Architectural Style Federal

Level or Stories 3

Additional Building Above Grade

Structure Type Brick,Dry Wall,High

New Construction N

Schools

School District Baltimore City Public Schools

Others

Senior Community No

Tax ID 0307011624 041

Ownership Ground Rent

SqFt Source Estimated

Security Features Carbon Monoxide Detector(s),Main Entrance Lock,Smoke Detector,Security Gate

Special Listing Condition Standard

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2421 E MADISON ST E