1. Maryland
2. Baltimore
3. 3217 ORLANDO AVE

3217 ORLANDO AVE, Baltimore, MD 21234

• 3 beds |
• 2 baths |
• 1,857 sqft

Property Description

This property is part of a portfolio sale consisting of 11 single-family rental homes across Baltimore City, Baltimore County, and Anne Arundel County. In addition to 3217 Orlando Avenue, the portfolio includes: 6611 Windsor Mill Road, 4841 Bowland Avenue, 940 Saint Agnes Lane, 5223 Brookwood Road, 804 Armcliffe Road, 2241 Graythorn Road, 625 Delaware Avenue, 1930 Ewald Avenue, and 4012 Saint Augustine Lane and 936 Foxcroft Lane. Ten of the eleven homes are currently leased, with subsidy programs covering approximately 61.5% of the total monthly rent. Interiors: This Baltimore subsidized rental portfolio includes 11 single-family homes-8 three-bedroom and 3 four-bedroom units-ranging from 1,024 to 1,857 square feet. Kitchens feature wood cabinetry throughout, with 9 homes upgraded to granite countertops and the remaining 2 with laminate. All kitchens include 30? gas ranges; some are also equipped with built-in microwaves and dishwashers. Baths are updated with modern vanities and mostly feature ceramic tile tub surrounds, with just one unit having a shower stall with vinyl surround. Flooring includes a mix of vinyl plank, laminate, ceramic tile, and carpet. Walls are plaster or drywall; several basements feature suspended ceilings or wood paneling. Every home offers a private yard, and most include front porches. Vinyl replacement windows are installed throughout. Utilities: Each home is individually metered for gas and electric, with 100- or 200-amp electrical service. Ten homes are equipped with gas-fired furnaces and central air conditioning. Water heaters vary by property and are either gas or electric, typically 40-gallon capacity. In-unit washers and dryers are provided in all homes. Tenants are responsible for electric, gas, lawn care, and snow removal. In Baltimore County and Anne Arundel County, tenants pay water and sewer bills directly. At the two Baltimore City properties, the landlord pays for water and sewer and bills tenants back. What's Special About This Baltimore Subsidized Rental Portfolio? Tenants are primarily program participants, with subsidy programs covering approximately 62% of the monthly rent, providing reliable cash flow backed by government sources. More than half of the portfolio is located in Essex and Dundalk, where investor demand remains strong due to stable, working-class tenant bases and consistent rental demand. Dundalk in particular is a well-established suburb ,offering easy access to I-695 and proximity to major employers such as the Amazon fulfillment center, the Maryland Transportation Authority, and Johns Hopkins Bayview Medical Center. The remaining homes are located in neighborhoods like Gwynn Oak, Middle River, and Hamilton-areas with continued high demand for affordable housing. This scattered-site portfolio blends consistent income with broad exposure to some of the region's most active affordable housing corridors. $2,600,000; $236,364 Per Unit; $217 Per Sq. Ft.; 8.3 Market GRM, 9.49 Cap Rate and 12.4% Projected Cash-on-Cash Return.

Listing Status:

Active

Listing Office:

Ben Frederick Realty, Inc. : 4102359500

Listing Agent:

Will A Cannon III : 4109163331

MLS ID:

MDBA2182290

Interior

• Basement: Fully finished
• A/C: Central A/C
• Heating: Forced AirNatural Gas
• Disability Feature: None

Exterior

Construction

Location

Lot

Utilities

Financial

This listing courtesy of Will A Cannon III, Ben Frederick Realty, Inc.