Baltimore, MD 21218,2705 N CALVERT ST
Baltimore, MD 21218,2705 N CALVERT ST
Baltimore, MD 21218,2705 N CALVERT ST
$385,000
Est. payment /mo
$395,000
2.5%
Est.Price: ?

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3,330 SqFt
SOLD DATE : 08/15/2020

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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Bright MLS (BMLS)
Listed by Thomas Fair • Ben Frederick Realty, Inc.
Bought with Thomas Fair • Ben Frederick Realty, Inc.

Jason Freeby

Real Estate Team Leader

+1(908) 443-1405

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