2705 N Calvert Street, Baltimore, MD 21218
- $385,000
- 3,330
- SqFt
- Sold Price
- $385,000
- List Price
- $395,000
- Closing Date
- Aug 15, 2020
- Days on Market
- 7
- Status
- CLOSED
- MLS#
- MDBA514836
- Living Area
- 3,330
- Lot Size (Acres)
- 0.06
- Style
- Traditional
- Year Built
- 1900
- County
- Baltimore City
- School District
- Baltimore City Public Schools
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
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Additional Information
- Subdivision
- Charles Village
- Taxes
- $7368
- School District
- Baltimore City Public Schools
- Heating
- Steam, Radiator
- Heating Fuel
- Natural Gas
- Cooling
- None
- Roof
- Rubber
- Water
- Public
- Sewer
- Public Sewer
- Basement
- Yes
Mortgage Calculator
Listing courtesy of Ben Frederick Realty, Inc.. Contact: 410-752-6400
Selling Office: .