Address
2804 N Calvert Street Baltimore, MD
Price
$ 420,000
Property Attributes
  • MLS#MDBA500876
  • TypePending
  • CountyBALTIMORE CITY
  • CityBaltimore
  • Zip21218
  • StyleTraditional
  • Year Built1902
  • Taxes6481
  • Price$ 420,000
  • Bedrooms6
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size2,178 SqFt
Listing Provided Courtesy Of:
Ben Frederick Realty, Inc.
Property Description

2804 Calvert Street offers you the opportunity to own 5 apartments at an affordable price, earning positive cash flow from day one! These apartments are home to a mix of Johns Hopkins graduate students and long-term, stable market tenants. While these apartments are fully rented and provide positive cash flow, the rents are low and kitchens and bathrooms are older providing the opportunity to make improvements and increase the rents accordingly. This inviting porch-front building features exposed brick accent walls. Real hardwood floors appeal to today s tenants. The ceramic tile bathrooms are durable and reduce turnover costs. Metal garage in rear provides extra income. Water bills are passed through to tenants; owner pays for public service gas & electric. Building is served by gas-fired steam boiler, installed 2014.Centrally located in Charles Village, tenants enjoy an easy walk to Johns Hopkins University Homewood Campus, Union Memorial Hospital, and all the shops and restaurants that the neighborhood offers. Tenants love that this building offers a WalkScore of 89, a TransitScore of 62, and a BikeScore of 86, which means these apartments rent fast! Schedule an appointment to see this income-producing property today! Investment Summary: $420,000 $152 Per Sq. Ft. $84,000 Per Unit 8.4 Times Actual Rent (GRM) 8.1 Times Projected Rent (GRM) 7.37% Cap Rate 9.2% Projected Cash-on-Cash Return

Price History
2/18/2020 Listed $435,000
3/25/2020 4% - $420,000

General Features

Acceptable Financing Cash, Other
Accessibility None
Architectural Style Traditional
Construction Materials Brick
Cool Fuel None
Cooling None
County BALTIMORE CITY
Electric 200+ Amp Service
Exclusions tenants' possessions
Flooring Carpet, Laminated, Wood
Garage Spaces 1.00
Garage Y/N Yes
Heating Radiator, Space Heater
High School District BALTIMORE CITY PUBLIC SCHOOLS
Historic Y/N No
Legal Subdivision Ward 12
New Construction No
One Bedroom Units Count 2
Other Structures Above Grade, Below Grade
Other Units Unit 1, Unit 2, Unit 4, Unit 5, Unit 3
Ownership Fee Simple
Possession Immediate, Negotiable
Price Per Sq Ft 152.28
Property SubType Other
Property Type Multi-Family
Real Estate Owned Y/N No
Rent Control Y/N No
Roof Rubber
Section 16
Sewer Public Sewer
Single Room Units Count 1
Structure Type Interior Row/Townhouse
Tax Year 2020
Total Units 1
Two Bedroom 2
Vacation Rental Y/N No
Water Access Y/N No
Zoning R-8
Zoning Description 3 Dwelling Units, 2 Rooming Units

Interior Features

Basement Full, Partially Finished, Daylight, Partial
Basement Y/N Yes
Central Air Y/N No
Heating Fuel Natural Gas, Electric
Heating Y/N Yes
Hot Water Natural Gas
Living Area 3500

Exterior Features

# Of Detached Garage Spaces 1
Foundation Details Brick/Mortar
Garage Features Garage - Rear Entry
Inclusions laundry
Lot Dimensions 16' x 123'
Lot Size Acres 0.05
Lot Size Source Assessor
Lot Size Square Feet 1968.00
Navigable Water Y/N No
Pool Y/N No Pool
Total Parking Spaces 1
Type of Parking Detached Garage
Water Oriented Y/N No
Water Source Public
Water View Y/N No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 21218

Price
AVG $190K
$420K
Taxes
AVG $3,402
$6,481
Visits
AVG 68
70
Year Built
AVG 1927
1902
Walkscore
AVG 67
91
Data Provided by Walkscore ® not using MLS data

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