MLS® ID: MDBA465778

2339 N CALVERT STREET

BALTIMORE, Maryland, 21218

$390,000 Active
  • - SQFT
Great three unit (2 bed/1 bath with central AC and heat plus washer/dryer in each unit), fully leased, turn-key cash flow asset with excellent management history.~ Option 1: Keep 100% leased (3 units with basement. 4,000 SF total).~ Option 2: Continue to Lease Unit 1 & 3. Live in Unit 2. Attain FHA Loan @ 95% LTV.~ Tenants pay ALL utilities - separately metered.~ Limited lead free certified.~ Prime Location. 2-8 blocks to Safeway and CVS shopping, Station North Arts District, Penn Station redevelopment, Johns Hopkins University, MICA, UMD Baltimore.~ Value Add Opportunity. Rehab kitchen and bathrooms. Increase rents in all units. Add income through basement rehabilitation for added unit income or rental storage space.~ Sale Price: $390,000 NOI Cap Rate: 8.65% (Owner/Self-Manage)Annual equity return: 15.28% (Management Hir Cap Rate: 8.11% (Management Hire) Annual equity return: 13.11% (Management Hire). See documents attached for more information.
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Listing courtesy of Save 6, Incorporated

Amenities

  • Full baths
    0
  • Half baths
    0
  • Zip
    21218
  • Office name
    Save 6, Incorporated
  • Subdivision
    OLD GOUCHER
  • SQFT
    0
  • Bedrooms
    0
  • Property type
    Multi-Family
  • Zoning type
    R-8
  • School district
    BALTIMORE CITY PUBLIC SCHOOLS
  • Year built
    1920
  • Lot size
    0.03
  • Sewer
    Public Sewer
  • Heating
    Forced Air
  • Agent name
    Lawrence M Lessin
  • Purchase Type
    Active
  • Price Range
    $300k-$400k
  • Square Feet Range
    < 1000 sq ft.
  • Year Built Range
    1989 (and earlier)
  • Office ID
    SAV1
  • Agent ID
    116394

Location

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