2702 N Calvert St,BALTIMORE, MD 21218
BALTIMORE, MD 21218
Description
2702 North Calvert Street presents a fully occupied, four-unit apartment building in Charles Village with clear value-add and future owner-occupancy potential. The unit mix includes one two-bedroom apartment and three one-bedroom apartments. Functional, dated kitchens and bathrooms allow apartments to be improved as units turn, while current below-market rents provide additional opportunity through market-rent alignment. The property has five gas meters and five electric meters, with tenants paying their in-unit gas and electric usage. The landlord pays for heat, hot water and cold water. A one-car garage provides additional income potential. Located four blocks from Johns Hopkins University's Homewood Campus, one block east of a JHU shuttle stop and three blocks from Wyman Park Dell. At the $465,000 asking price, an illustrative 80% LTV loan at 6.50% produces estimated monthly PITI of $3,031. If an owner occupied Apartment 1, projected rents of $3,550 from the remaining three apartments would exceed estimated PITI by $519 per month, before owner-paid utilities, maintenance and other expenses. *As us how! Live in Charles Village with income from three apartments helping to cover the mortgage, or invest in all four and grow income through apartment improvements and market rent alignment.
Details
| MLS # | MDBA2232286 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Pending-bright |
| Year | 1900 |
| Days On Site | 23 |
| Listing Provided By | Ben Frederick Realty, Inc. | Will A Cannon III |
Features
| SQ Feet | 3,000 |
|---|---|
| Garage | 1 |
| Units | 4 |
| Zoning | R-8 |
| Acreage | 0.05 |
Interior
| Cooling | Window Unit(s) |
|---|---|
| Heating Yes / No | Yes |
| Heating | Radiator |
Exterior
| Construction Materials | Brick |
|---|---|
| Foundation Details | Stone |
Parking
| Garage Yes / No | Yes |
|---|
Taxes
| Tax Annual Amount | 5135 |
|---|
Area Information
| State | MD |
|---|---|
| County | BALTIMORE CITY MD |
| City | BALTIMORE |
| Zip Code | 21218 |
| Area | BALTIMORE CITY MD |
| Community Name | CHARLES VILLAGE |
| School District | BALTIMORE CITY PUBLIC SCHOOLS |
| Listing VS Median (in CHARLES VILLAGE) | |
Price: $465,000 low | high Med: $330,000 sqft: 3,000 low | high Med: 1,344 $ / sqft: $155 low | high Med: $246 On site: 23 low | high Med: 22 | |
Market Activity 21218
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Learn More About This Property
| State | MD |
|---|---|
| County | BALTIMORE CITY MD |
| City | BALTIMORE |
| Zip Code | 21218 |
| Area | BALTIMORE CITY MD |
| Community Name | CHARLES VILLAGE |
| School District | BALTIMORE CITY PUBLIC SCHOOLS |
| Listing VS Median (in CHARLES VILLAGE) | |
Price: $465,000 low | high Med: $330,000 sqft: 3,000 low | high Med: 1,344 $ / sqft: $155 low | high Med: $246 On site: 23 low | high Med: 22 | |
