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Key Details
Sold Price $385,000
Property Type Multi-Family
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 3,330 sqft
Price per Sqft $115
Subdivision Charles Village
MLS Listing ID MDBA514836
Sold Date 08/15/20
Style Traditional
HOA Y/N N
Abv Grd Liv Area 3,330
Originating Board BRIGHT
Year Built 1900
Annual Tax Amount $7,368
Tax Year 2020
Lot Size 2,772 Sqft
Acres 0.06
Lot Dimensions 18' x 154'
Property Description
This large, 3,300 sq. ft. building houses 2 2-bedroom, 2-bath apartments, 1 1-bedroom 1-bath apartment, and 1 studio apartment. Add this fully occupied money maker to your portfolio!This porch-front painted lady offers tenants a 2-car parking pad in the rear and laundry in the basement. With a total of 3,300 sq. ft. above-grade area, these apartments are spacious with large bedrooms and ample living areas.Located just a short walk from Johns Hopkins University Homewood Campus and the Charles Village Shopping District. Tenants also enjoy a short commute to University of Baltimore, MICA, and the artsy districts of Station North and Old Goucher. 2705 Calvert St. has a WalkScore of 89, a TransitScore of 65, and a BikeScore of 86. Check out the neighborhood at: https://www.benfrederick.com/why-charles-village-is-great-for-investment-properties-in-baltimore/While all units are currently rented, a new owner could maximize income by charging water to tenants or by upgrading these units.See OM for rent details. Investment Summary:$395,000$98,750 Per Unit$119 Per Sq. Ft.8.2 Times Actual Rent (GRM)8.1 Times Market Rent (GRM)8.78% Cap Rate14.5% Cash-on-Cash Return
Location
State MD
County Baltimore City
Zoning R-6
Rooms
Basement Other
Interior
Hot Water Natural Gas
Heating Steam, Radiator
Cooling None
Heat Source Natural Gas
Exterior
Garage Spaces 2.0
Waterfront N
Water Access N
Roof Type Rubber
Accessibility None
Parking Type Driveway, Off Street
Total Parking Spaces 2
Garage N
Building
Sewer Public Sewer
Water Public
Architectural Style Traditional
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Baltimore City Public Schools
Others
Tax ID 0312163843 027
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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Bought with Thomas Fair • Ben Frederick Realty, Inc.