UPDATED:
Key Details
Property Type Multi-Family, Townhouse
Sub Type Interior Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 2,352 sqft
Price per Sqft $169
MLS Listing ID MDBA2176384
Style Georgian
Abv Grd Liv Area 2,352
Year Built 1900
Annual Tax Amount $5,497
Tax Year 2024
Lot Size 2,400 Sqft
Acres 0.06
Property Sub-Type Interior Row/Townhouse
Source BRIGHT
Property Description
The 1st floor is a 2 bedroom apartment currently rented for $1495. Tenants pay all utilities, separately metered (except for cold water).
The 2nd floor is a 2 bedroom apartment currently rented for $1495. Tenants pay all utilities, separately metered (except for cold water).
Current annual rental income from apartments 1 and 2 combined is $35,880. If the 3rd floor were to be rented at $1295/month, annual rental income for all 3 units would be $51,420.
The 3nd floor is a 1 bedroom penthouse apartment with a huge bedroom filled with naturally light and has been left vacant in case you want to live there (or need to live there for financing). It usually rents for about $200 less than the 2 bedroom apartments so if it were to be rented, $1295/month is a reasonable estimate.
Additionally, the neighboring properties to the left and right both have basement apartments so there is the potential to convert the basement into a 4th apartment.
Listing price is slightly below the average of recent comparable triplex sales in the area. See listing documents for the pre-listing inspection report that shows the property is in good condition.
Location
State MD
County Baltimore City
Zoning OR-2
Rooms
Basement Full, Unfinished, Rear Entrance
Interior
Hot Water Electric
Heating Radiator
Cooling Heat Pump(s)
Fireplace N
Heat Source Electric
Exterior
Garage Spaces 4.0
Water Access N
Accessibility None
Total Parking Spaces 4
Garage N
Building
Foundation Stone
Sewer Public Sewer
Water Public
Architectural Style Georgian
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Baltimore City Public Schools
Others
Tax ID 0312033636 027
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing FHA, Conventional, Other, Cash
Listing Terms FHA, Conventional, Other, Cash
Financing FHA,Conventional,Other,Cash
Special Listing Condition Standard
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