2810 Saint Paul St,BALTIMORE, MD 21218
BALTIMORE, MD 21218
Description
2810 Saint Paul Street presents a Charles Village value-add apartment building offered at just $117,500 per unit, with below-market rents, deferred maintenance, and a long-term ownership history. Rather than paying a premium for someone else's renovation choices, investors have the opportunity to improve the property at their own pace and to their own specifications. Whether through cosmetic apartment updates, phased renovations as units become available, utility bill-backs, basement electric separation, or future capital improvements to the building's systems and common areas, 2810 Saint Paul Street offers multiple paths to increased income and long-term value. The building includes 2 two-bedroom apartments and 2 one-bedroom apartments. The building is separately metered with four gas meters and four electric meters, and investors may further improve operations by separating the basement apartment's electric service and implementing a water bill-back program. These operational improvements can reduce expenses while complement future rent growth. Combined with below-market rents and multiple opportunities to increase income and improve operations, this is the type of investment where thoughtful improvements can create meaningful long-term value. As apartments are updated over time, a new owner can better compete for Johns Hopkins students, faculty, employees, and other renters seeking renovated housing in Charles Village, supporting higher rents and continued appreciation.
Details
| MLS # | MDBA2222266 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Pending-bright |
| Year | 1902 |
| Days On Site | 101 |
| Listing Provided By | Ben Frederick Realty, Inc. | Will A Cannon III |
Features
| SQ Feet | 3,520 |
|---|---|
| Garage | 1 |
| Units | 4 |
| Zoning | R-8 |
| Acreage | 0.08 |
Interior
| Cooling | Window Unit(s) |
|---|---|
| Heating Yes / No | Yes |
| Heating | Radiator |
Exterior
| Roof | Rubber |
|---|---|
| Construction Materials | Brick |
| Foundation Details | Brick/Mortar |
Parking
| Garage Yes / No | Yes |
|---|
Taxes
| Tax Annual Amount | 5900 |
|---|
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: $470,000 low | high Med: $330,000 sqft: 3,520 low | high Med: 1,344 $ / sqft: $134 low | high Med: $246 On site: 101 low | high Med: 22 | |
Market Activity 21218
Request a showing
Request a showing
Contact
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: $470,000 low | high Med: $330,000 sqft: 3,520 low | high Med: 1,344 $ / sqft: $134 low | high Med: $246 On site: 101 low | high Med: 22 | |
