2804 N Calvert Street

    BALTIMORE, MD 21218
    • $420,000
    • STATUS: Active
    • ON SITE: 97 days
    • ID#: MDBA500820
    UPDATED: 51 min ago
    $420,000
    • 0
      BEDS
    • 0.05
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1902
    County:

    School Ratings & Info

    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 this 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 8.3% Projected Cash-on-Cash Return

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    ©2020 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The MD Home Team - Keller Williams. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2020-05-26T07:49:06.837.
    www.themdhometeam.com/homes/103327778

    2804 N Calvert Street BALTIMORE, MD 21218

    • Price: $420,000
    • Status: Active
    • Updated: 51 min ago
    • ID#: MDBA500820
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.05
    Acres
    1902
    Built
    Neighborhood:
    Charles Village
    County:
    Baltimore City
    School District:
    Baltimore City Public Schools
    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 this 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 8.3% Projected Cash-on-Cash Return
    Exterior Features

    Construction Materials Brick Garage YN No Parking Types Private Garage Riparian Rights YN No Roof Rubber Water Access YN No Water Oriented YN No Waterfront YN No

    Interior Features

    Building Area Total 2758.00 Cooling None Exclusions Tenants' Possessions Flooring CarpetHardwoodLaminated Heating Radiator Heating YN Yes Inclusions Laundry Net Square Feet 3500.00

    Property Features

    Acceptable Financing CashPrivateOther Accessibility Features None Assessment Year 2020 Association YN No Business Type Apartment Building Central Air YN No Cooling Fuel None Electric 200+ Amp Service Electric Average Monthly 50 Electric Last12 Months 600.00 Foundation Details Brick/Mortar Gross Income 49980.00 Heating Fuel Natural Gas Historic YN No Hot Water Natural Gas Incorporated City Name Baltimore City Navigable Water YN N Net Operating Income 30970.00 New Construction YN No Number Of Units Total 5 Operating Expense 13866.00 Original MLSNumber 304030448266 Owner Pays HeatInsuranceRepairsReserves For ReplacementTaxes - Real Estate Ownership Interest Fee Simple Possession ImmediateNegotiable Property Sub Type Five Or More Units Sale Type Standard Section 16 Sewer Public Sewer Tax Annual Amount 6481.00 Tax Assessment Amount 274600.00 Tax Lot 003 Vacation Rental YN No Water Source Public Zoning R-8 Zoning Description 3 Dwelling Units2 Rooming Units

    Listing courtesy of Ben Frederick Realty, Inc..


    ©2020 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The MD Home Team - Keller Williams. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2020-05-26T07:49:06.837.
     
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