3409 Greenmount Ave, Baltimore, MD 21218

Property Description

Fully tenant-occupied mixed-use property located in the vibrant Waverly neighborhood of Baltimore City. This two-unit building features a ground-level commercial space and a second-floor residential unit, offering immediate cash flow. Investment Highlights: • Current Monthly Income: $2,715 • Annual Gross Income: $32,580 • Two-unit mixed-use: 1 retail + 1 residential • Separately metered electric Main Level – Commercial Space ($1,800/month): Secured under a 5-year lease (Nov 2025 – Oct 2030) with tenant responsible for utilities per lease terms. Features include a storefront with large glass display windows, laminate wood flooring in the lobby, and a flexible layout with retail area, storage room, open workspace, and mudroom. Kitchenette includes sink and refrigerator, plus a half bath. Lower Level: Full unfinished basement divided into two open areas, ideal for storage or utility use. Includes sump pump, gas water heater, forced hot air system, and two electrical panels. Second Floor – Residential Unit ($915/month | Section 8): Long-term tenant in place. One-bedroom, one-bath unit with private entrance. Carpeted living and bedroom areas, tile kitchen flooring, and forced hot air heat. Tenant pays BGE; landlord covers water. Exterior Features: Fenced backyard and A/C condenser unit. A solid investment opportunity offering dependable rental income with both commercial and residential components in an established Baltimore neighborhood.