The original Victorian hardwood paneling adorns the vestibule, extending a warm and timeless welcome to tenants as they enter their home. Situated caddy corner to Penn Station, this prime location offers residents swift access to Amtrak train services connecting them to the vibrant heart of New York City, the convenience of BWI Airport, the bustling corridors of Washington DC, and a multitude of other major destinations. Station North is one of Baltimore’s up and coming neighborhoods, just north of Mount Vernon and south of Charles Village. All apartments have unique and distinctive features. The studio apartment is east-facing, offering a prominent bay window. Apartment 1B boasts a floor-to-ceiling brick mantle and exposed brick in the bedroom. Apartment 2 showcases detailed tile flooring, a tiled hearth, and exposed brick walls. Apartment 3 incorporates glass brick elements throughout, enhancing the abundance of natural light. Each kitchen is equipped with wood shaker cabinets and durable laminate countertops. Kitchens in three apartments provide dishwashers, garbage disposals, 30″ ranges (two electric, one gas) and built-in microwaves. The studio features a 24″ electric range, disposal and built-in microwave. Bathrooms in the apartments have been upgraded with modern vanities, ceramic tile flooring, and ceramic tile tub and shower surrounds. The living areas in each apartment feature either hardwood or luxury vinyl tile flooring. High ceilings are a standard feature in the building, and all units are equipped with ceiling fans and modern recessed lighting. Drywall walls and ceilings are found throughout the building, with upgraded plumbing supply lines of C-PVC and PVC drain lines. Each unit is self-contained with its own HVAC system and electric water heater. Three units have 90% gas-fired furnaces with central air, while one unit is equipped with an electric heat pump and central air. Tenants pay their own utility bills; the landlord currently pays for water and public service electric. The building has 400-amp electrical service, with 100-amps allocated to each apartment. A copper water main improvement has been completed, eliminating an investor’s concern for an expensive replacement, and a coin-operated laundry facility is located in the basement. Penn Station is Baltimore City’s main rail station, offering Amtrak and MARC train services. The homepage for Penn Station proudly states, ‘Located at the transition of Baltimore’s celebrated cultural center and the rapidly developing neighborhoods to the north, a faithfully restored and repurposed Penn Station will better connect with the surrounding neighborhoods while providing the station with its own unique sense of place.’ Redeveloping the concourse to accommodate new commercial ventures will boost the local economy, while track improvements will allow for increased high-speed rail trips, positioning Baltimore as a premier stop for north and southbound rail travelers. The University of Baltimore, located a few blocks southeast, does not provide on-campus housing for students, thus increasing rental demand in the area. Exciting cultural destinations are within walking distance, and Guilford Hall Brewery, just one block southeast, serves as a popular destination for socialization. This exceptionally well-maintained, easy-to-manage investment property offers positive cash flow to investors and will continue to attract high-quality renters. 1 Studio Apartment; 1 One-Bedroom, One-Bath Apartment; 1 Two-Bedroom, One-Bathroom Apartment; 1 Two-Bedroom, Two-Bathroom Apartment.
Listed by
Listing Agent - Will A Cannon III
Listing Office - Ben Frederick Realty, Inc.
Source: Bright MLS
MLS#MDBA2118318 • last updated
2 years ago
Movotochecked Bright MLS for data 5 minutes ago
Overview
Cooling/AC
Central A/C, Electric
Heating
Electric, Natural Gas
Levels/Style
Converted Dwelling
Type
Multi-Family
SubType
Quadruplex
Status
Closed
SqFt
4440
Lot Size (SqFt)
1445
Lot Size (Acres)
0.03
County Tax
395, Annually
City/ Town Tax
7922
Tax: Assessed Value
352400
Annual Property Tax
8317
Year Built
1900
Municipality
Baltimore City
New Construction (Y/N)
N
Foreclosure (Y/N)
N
Interior
Accessibility Features
None
Exterior
Construction
Brick
Foundation
Block
Parking Desc
On Street
Existing Structures
Above Grade, Below Grade
Amenities / Utilities
Sewer/ Septic
Public Sewer
Electricity
200+ Amp Service
Pool
No Pool
Location
Subdivision
CHARLES NORTH
Water Source
Public
School District
BALTIMORE CITY PUBLIC SCHOOLS
Directions
GPS
Zoning
OR-1, Licensed For 4 Dwelling Units.
Multifamily Details
# Single Room Units
1
# 1-Bedroom Units
1
# 2-Bedroom Units
2
$536K
Range: $402K-$670K
Last 30 days
Rental est.: $977/month
•Gross rent multiplier: 47.8
Lower your payment with the loan terms that fit you.