MLS® ID: MDBA100323

207 W 29TH STREET

BALTIMORE, Maryland, 21211

$335,000 Pending
  • 2775 SQFT
Attractive porch-front brick rowhome with 3-apartments, including a two-story 3-bedroom unit, a 2-bedroom unit on the second floor and a small one-bedroom apartment on the third floor. Two wood decks overlook the rear parking pad, which easily accommodates 2 vehicles on this 25~ wide lot. The wide lot makes for bright, large interior room sizes, giving an attractive sense of space in which to enjoy comfortable living.Remington is Baltimore~s hottest and fastest growing neighborhood. The quirky Paper Moon Diner is at the end of this block and R-House Food Hall creates a great space for excellent food and super socializing is just down the street. The Wyman Park Dell is 1 block away providing space for festivals, walks, park benches for reading and a tot-lot for playing. The Baltimore Museum of Art is 1 block to the north, with the Johns Hopkins University Campus directly behind that. I-83 is easily accessible directly from West 29th Street, with the ramp 1/3 of a mile from this property.This location in Remington garners a Walk Score of 92, a Bike Score of 80 (the Maryland Avenue Cycle Track with protected access to Baltimore~s Inner Harbor is one block away), and a Transit Score of 61 makes this location very attractive to renters in today~s market. Walkscore.com gives its best rating for crime and safety in this location, with an ~A~ grade.The building features a two-level apartment on the first floor and terrace, that is configured as a three-bedroom, two-bath apartment with a large storage room. A large two-bedroom apartment is on the second floor. The third floor is somewhat smaller, with a one-bedroom apartment. The kitchens and baths are older; the first floor has apartment grade wood cabinets, while the second floor has vintage metal cabinets and the third floor has older laminate cabinets. Each apartment has an electric range; 30~ on the first floor, 20~ on the second and third floors and each has a refrigerator. Kitchen and bath floors are vinyl tile. Each bathroom has a shower/tub with vinyl tub enclosure.The owner pays the gas (there is 1 meter) for heat and hot water. The Weil McLain gas-fired boiler, with radiator distribution, has 3 circulator pumps, so each apartment has its own thermostat. Adding 2 boilers and 2 gas meters would allow one to have each tenant pay their own heat cost. While there are 3 electric meters, the landlord pays 10%of the first-floor meter (averaging $16 per month) for the hallway lights, with the tenant paying the balance. Water/sewer costs are passed through the tenants, with each paying a share of the bill.INVESTMENT SUMMARY:$335,000 Investment$111,677 per unit$121 per square foot9 times gross annual rent7.7% Cap rate8.6% cash-on-cash return on investment
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Listing courtesy of Ben Frederick Realty, Inc.

Amenities

  • Full baths
    0
  • Half baths
    0
  • Zip
    21211
  • Office name
    Ben Frederick Realty, Inc.
  • Subdivision
    REMINGTON
  • SQFT
    2775
  • Bedrooms
    0
  • Property type
    Multi-Family
  • Zoning type
    R-8
  • School district
    BALTIMORE CITY PUBLIC SCHOOLS
  • Year built
    1920
  • Lot size
    0.05
  • Sewer
    Public Sewer
  • Heating
    Forced Air,Hot Water
  • Agent name
    Thomas Fair
  • Purchase Type
    Active
  • Price Range
    $300k-$400k
  • Square Feet Range
    2500-3000 sq ft.
  • Year Built Range
    1989 (and earlier)
  • Office ID
    BFRI1
  • Agent ID
    3292802

Location

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