Property
Beds
4
Full Baths
3
1/2 Baths
None
Year Built
1920
Sq.Footage
1,300
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!
Features & Amenities
Interior
-
Other Interior Features
Eat-in Kitchen, Recessed Lighting, Open Floorplan
-
Total Bedrooms
4
-
Bathrooms
3
Area & Lot
-
Lot Features
Corner Lot
-
Lot Size(acres)
0.02
-
Property Type
Residential
-
Architectural Style
Federal
Exterior
-
Garage
No
-
Construction Materials
Other, Concrete
-
Other Exterior Features
Lighting, Rain Gutters
-
Parking
On Street
Financial
-
Sales Price
$165,000
-
Tax Amount
960.0
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Location
County
BALTIMORE CITY
Elementary School
Middle School
High School
Listing Courtesy of Jamie L Koehler , Cummings & Co. Realtors
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