3916 Maine Avenue , Baltimore, MD 21207

Property Description

House hacking opportunity! Whether you're an investor seeking strong cash flow or an owner-occupant looking to offset your mortgage with rental income, this updated 4-unit property, with 1 leased unit and 3 move-in ready units, offers flexibility and an opportunity to earn an estimated $56,400 in annual rental income! Located on a well-maintained block just a stone's throw from the Baltimore County line, 3916 Maine Ave is a standout with its lush green yard and clean exterior presentation. The interior continues to impress. THE OCCUPIED UNIT : The tenant pays $1,100/month plus a $60 utility reimbursement, providing immediate income from day one. THE MOVE-IN READY UNITS : The remaining three units have been recently updated and are move-in ready. Each offers 2 bedrooms and 1 full bathroom, abundant natural light, modern LVP flooring, updated kitchens, modern appliances, improved bathrooms, and has its own individual furnace, AC condenser, and water heater. Projected rents for each of the vacant units is $1,200/month (see 3510 Milford Ave #12 which was a 2 bedroom, 1 full bathroom unit that leased for $1,200), bringing the property's estimated gross income to roughly $4,700/month, or $56,400/year. The versatility here is hard to beat! Live in one unit and use the rental income to offset your mortgage costs, create a multigenerational living arrangement with family while maintaining your independence, or lease all four units and maximize income. One of the vacant units is conveniently located on the main level, offering an option for main-level living, which isn’t easy to come by. To make the transition even easier, the owner already holds a 4-unit rental license and a lead free lead certificate for the occupied unit. Don’t let this one get away; schedule a showing today!

Property Features

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