3211 Batavia Ave - Assisted Livings FOR SALE


Baltimore, MD 21214- Waltherson
$1,200,000 USD
410-235-9500
3211 Batavia Ave, Baltimore, MD for Sale
$1,200,000 USD
Assisted Livings - FOR SALE
1/32
null | 8.6% Cap Rate

3211 Batavia Ave
Baltimore, MD 21214
Waltherson


HIGHLIGHTS

  • 5-Year Lease in Place — Tenant secured through 8/31/2030, with built-in 3% annual rent increases, providing steady income and stability.
  • Current Cash Flow — Property generates $8,603/month in net operating income.
  • Tenant Responsible for Systems & Maintenance — HVAC, water heater, plumbing, and general upkeep handled by tenant

OVERVIEW

3211 Batavia Avenue offers investors a leased residential income asset generating $8,603 in current monthly NOI with tenant occupancy secured through August 31, 2030. The property operates under a lease structure that shifts utilities, maintenance, and building systems responsibility to the tenant, limiting owner involvement and supporting a more passive ownership profile. The property is configured across nine bedrooms and supports licensed group living use with an established operator already in place. A 2024 renovation delivered durable finishes suited for high-occupancy use, while the lease structure provides defined income and operational continuity from day one. Mechanical systems include a 90+ AFUE Rheem gas-fired furnace with dual-zone central air conditioning, an additional attic-mounted electric heat pump with independent thermostat, and a 50-gallon electric water heater. Per lease terms, the tenant is responsible for maintenance and replacement of building systems, interior and exterior upkeep, and utility expenses—supporting stronger monthly cash flow and reducing capital expenditure exposure. Located in Hamilton-Waltherson just off Harford Road, the property benefits from direct access to I-695 and I-95. The surrounding neighborhood is largely owner-occupied, supporting long-term stability and consistent property values.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$315 USD /SF

CAP RATE

8.6%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Strong Monthly Income in Northwest Baltimore

PROPERTY TYPE

Health Care

PROPERTY SUBTYPE

Assisted Livings

ADD'L SUBTYPES

Rehabilitation Center

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.42 AC

LAND SF

18,309 SF

ZONING

R-3

APN/PARCEL ID

5798-009

ASK ABOUT THIS PROPERTY

Tom FairBen Frederick Realty, Inc.More Info
410-235-9500

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Tom FairBen Frederick Realty, Inc.More Info
410-235-9500

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.