$225,000

25cf; Projected 11.8% ROI - Strong in-place rent, with easy upside at turnover. 25cf; bd; Mile to Morgan State University - Record enrollment and pursuit of R1 research status drive long-term rental demand. 25cf; Certified Lead-Free - Eliminates compliance hurdles and costs at renewal or turnover. 25cf; Nearly 50% of… Read More Rent Guaranteed - Reliable subsidy portion creates stable, predictable cash flow. Interiors: This three-bedroom Northwood rental home features hardwood flooring throughout the main and upper levels, paired with a granite kitchen that includes wood cabinetry, a 30'' gas range, and a decorative tile backsplash. The full bathroom offers a modern vanity and cast-iron tub with tile enclosure. The basement provides additional living space with a partially finished area, while an unfinished section houses the utilities, a toilet room, and a full-size washer and dryer. Utilities: Tenants enjoy efficient HVAC with a gas-fired furnace and central air conditioning. Hot water is provided by a 2021 40-gallon gas-fired water heater. The property has a single electric meter with 100-amp service and one gas meter. Plumbing consists of C-PVC supply lines and PVC drains. What's Special About Northwood: Just a half mile from the new Northwood Commons, this Northwood Rental Home gives tenants ultra-convenient access to LIDL and popular fast-casual dining like The Local Fry and Chipotle. Equally quick access is provided to Morgan State University, which is enjoying record-breaking enrollment - for the fifth consecutive year, it's expected to surpass 11,500 students this fall, the highest in its history. Morgan is also pursuing an ambitious research expansion. According to Black Enterprise, ''Morgan has already surpassed three of the four benchmarks required for R1 classification, including achieving more than $55 million in research expenditures and producing over 20 doctoral degrees annually.'' With a target of achieving R1 ''Very High Research'' status by 2030, the university's growth trajectory signals even stronger long-term housing demand. A recent article in Yield PRO underscores why single-family rentals remain a compelling investment class. With more than 14 million SFR households nationwide - nearly one-third of all U.S. rentals - investor demand is rising alongside tenant demand. The piece highlights that affordability pressures are pushing more households toward rentals, while investors are capitalizing on the strong cash flow and long-term stability single-family homes provide. 2705; 1322 East Cold Spring is certified lead-free, removing pesky paperwork and expenses at turnover and renewal deadlines. Read Less

Courtesy of Will Cannon, Ben Frederick Realty, Inc. [email protected]

Listing Snapshot

Days Online

Last Updated

Oct 2, 2025

Property Type

Townhouse

Beds

Full Baths

Square Ft.

1,672

Lot Size

0.05 Acres

Year Built

1944

MLS Number

MDBA2185358

30 Days Snapshot Of 21239

$264k

-5%

(avg) sold price

homes sold

-21%

(avg) days on market

Snapshot

Area Map

Additional Details

Building

2 levels, 1,672 sqft living area, 1,216 sqft above grade (finished), 456 sqft below grade (finished), 152 sqft below grade (unfinished), Built in 1944, Structure Type: Interior Row/Townhouse, Traditional, Brick

Basement

Full, Partially Finished

Cooling

Central Air, Electric, Central A/C

Fees

Ground Rent Pymnt Freq: Annually

Foundation

Block

Heating

Natural Gas, Forced Air

Lot

2,090 sqft, Lot Size Dimensions: 19' x 110', 0.05 acres

Property

Other Structures: Above Grade, Below Grade

Roof

Asphalt

Sewer

Public Sewer

Taxes

City/Town Tax: $1,933, City/Town Tax Pymnt Freq: Annually, County Tax: $96, County Tax Pymnt Freq: Annually, Tax Annual Amount: $2,030, Tax Year: 2024

Utilities

Hot Water: Natural Gas

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1322 E COLD SPRING LANE

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