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Undisclosed, Baltimore, MD 21218

$425,000
  • bed

  • bath

  • 3,456

    Sqft ($123/Sqft)

Multi-family for sale 1 hour

About Undisclosed

Property type Multi-family
Neighborhood
Year built 1920
HOA fee $0/month
Lot size 1,742 Sqft
Rental estimate
Property description
● Value-Add Opportunity: Older kitchens and bathrooms are in working condition, and the building is fully occupied. Updating the apartments creates an opportunity to maximize rents and create long-term value. ● Oversized Apartments: 3,456 square feet of gross building area includes one three-bedroom, two-bath apartment and two two-bedroom, one-bath apartments. ● Tenant-Paid Utilities: Tenants currently pay for gas, electric and water, helping limit the owner’s utility exposure and support monthly cash flow. ● Great Charles Village Location: Wyman Park is across the street, with Johns Hopkins University’s Homewood Campus, R. House, neighborhood shopping and JHU shuttle service nearby. 103 West 29th Street is a fully occupied, three-unit apartment building offering unusually large apartments in a highly walkable Charles Village location. The building includes one three-bedroom, two-bath apartment and two two-bedroom, one-bath apartments within 3,456 square feet of gross building area. The kitchens and bathrooms are older but remain in working condition, allowing a new owner to complete improvements over time. Kitchens include laminate countertops, wood or metal cabinets and 30-inch gas ranges. Bathrooms feature cast-iron tubs with ceramic tile surrounds and ceramic tile or vinyl flooring. Updating the kitchens, bathrooms and interior finishes provides a clear path to modernizing the apartments, maximizing rents and creating long-term value. Each apartment has its own gas-fired furnace and gas-fired water heater. The property is served by four electric meters and three gas meters. Tenants currently pay for gas, electric and water. Wyman Park is directly across the street, while R. House and the Charles Village shopping district are approximately three blocks away. Johns Hopkins University’s Homewood Campus and nearby JHU shuttle service help the property appeal to a broad tenant pool. The Maryland Avenue protected bike lane begins at the end of the block, and Baltimore Penn Station provides convenient regional rail service.
Listed by
Listing Agent - Will A Cannon III
Listing Office - Ben Frederick Realty, Inc.
Source: Bright MLS mls logo
MLS#MDBA2231592 • last updated 5 hours ago
Movoto checked Bright MLS for data 3 minutes ago
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Overview
Cooling/AC Window Unit(s), Electric
Heating Natural Gas
Levels/Style Converted Dwelling
Type Multi-Family
SubType Triplex
Status Active
SqFt 3456
Lot Size (SqFt) 1742
Lot Size (Acres) 0.04
City/ Town Tax 6703.54
Tax: Assessed Value 325800
Annual Property Tax 7037.52
Year Built 1920
New Construction (Y/N) N
Foreclosure (Y/N) N
Interior
Basement Full, Unfinished
Accessibility Features None
Exterior
Construction Brick
Foundation Brick/Mortar
Parking Desc None
Existing Structures Above Grade
Amenities / Utilities
Sewer/ Septic Public Sewer
Pool No Pool
Inclusions 3 Refrigerators And 3 Ranges Included.
Location
Subdivision CHARLES VILLAGE
Water Source Public
School District BALTIMORE CITY PUBLIC SCHOOLS
Directions GPS
Zoning R8, Licensed For 3 Dwelling Units.
Multifamily Details
# 2-Bedroom Units 2
# 3-Bedroom Units 1
Income/ Expense Annual Ground Rent
Net Operating Income 55224
Cap Rate 9.6
Gross Scheduled Income 76023
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  • Real Estate
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