tomo logo

$80,000

Beds
4
Baths
3.0
sq ft
1,470

3707 W Franklin St, Baltimore, MD 21229

3707 W Franklin St

BALTIMORE, MD 21229

  • 1 day on market
List price to be opening bid at online only auction. Online auction to be conducted on Auctioneers website. Bidding will begin on Saturday, April 5th & ends Thursday, April 10, 2025 at 11:30AM. Here's an excellent opportunity to own a two-unit townhouse, located in the Allendale neighborhood of Baltimore City. The property comes with a Baltimore City Rental Property License, allowing 2 Dwelling Units, valid until May 8, 2027, and is lead-free. This is a prime investment opportunity! Potential Gross Monthly Rent: $2,015. Potential Gross Annual Rent: $24,180. Apartment A: Rent: $925/month. Occupies the main and lower level. This unit includes: • Main level: Living area, 2 bedrooms and 1 full bath • Lower level: Eat-in kitchen, full bathroom & bonus room. Apartment B: Tenant just vacated the property, and had a $1,090 monthly rent. Occupies the upper level, which includes: • Living area, 2 bedrooms, full bath & kitchen. Per the seller: The roof was replaced in 2022. In Apartment A: the HVAC was replaced in 2022 & the bathroom was updated in 2023. In Apartment B: the HVAC was replaced in 2023 & the bathroom was updated in 2023. Location: This property is situated in the Allendale neighborhood of Baltimore City, conveniently located near dining, shopping, schools, and recreational facilities. It also offers easy access to major transportation routes. This property is a promising income-generating asset in a well-connected area, perfect for investors looking to expand their portfolio!

Details

Property type

Townhouse

Est. home value

$163,760

Lot size

Unknown

Price per sq ft

$55

Year built

1948

Annual property taxes

$2,149

HOA

No

Price History

04/02/2025
Bright

Bright #MDBA2162478

Listed
$80,000
-48.31%
10/01/2021
Bright

Bright #MDBA2003186

Sold
$154,760

Schools & Community

Neighborhood: 

Allendale

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

BALTIMORE CITY PUBLIC SCHOOLS

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

-$33,483
Asking price
$80,000
Closing costs (~8% of asking)
-$6,400
Est. remaining loan balance
-$107,083
Cash to seller
-$33,483

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Dominion Financial Services Llc

Loan start date

October 2021

Original loan amount

$116,070

Est. remaining balance

$107,083

Interest rate

2.87%

Loan type

Not Provided, 30 year

Seller

Omninoct Properties Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 04/04/2025 at 12:50 PM

Listing updated: 04/02/2025 at 1:31 PM

Listed by: Larry E Cooper, Alex Cooper Auctioneers, Inc. Phone #: (410) 828-4838

MLS: Bright #MDBA2162478

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