This listing is NOT a foreclosure. Incredible investment opportunity! Turnkey, occupied subsidized rental with 14+ YEAR TENANCY and strong lip 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 investors 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. Its also located just .5 miles from renowned Johns Hopkins Hospital and Baltimores beloved Patterson Park, complete with walking paths, tennis courts, ballfields, a skating rink, lake, swimming pool, and year-round events! Dont miss your chance to add this outstanding property to your rental portfolio today! Interested in a potential future flip? This home cou
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ld 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 wont last long!This MLS Resale home is a townhouse or condo located in BALTIMORE. It offers 0.02 acres in size, 4 beds and 3 baths. Review its detailed information and determine if this BALTIMORE MLS Resale has the qualities you are looking for.
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This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.
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Property Info
Property ID1019173944
MLS NumberMDBA2170622
Parcel Number07-01-1624 -041
CountyBALTIMORE CITY
Bedrooms4
Bathrooms3.0
Living Area (sqft)1,300
Price/sqft$126
Year Built01/01/1920
Property TypeTownhouse or Condo
Lot Size0.02 acres
Stories2
Total Units1
BasementImproved Basement (Finished)
HeatingForced Air, Natural Gas
Roof TypeBuilt-up
Construction TypeFrame
rto financingtrio