2934 Saint Paul Street

    BALTIMORE, MD 21218
    • $675,000
    • STATUS: Pending
    • ON SITE: 36 days
    • ID#: MDBA489916
    Pending
    UPDATED: 12 min ago
    $675,000
    • 0
      BEDS
    • 0.08
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,906
      SQFT
    • $114
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1900
    County:

    School Ratings & Info

    Description

    If you~re searching for your winter project, look no further! This 4-unit, 5,700 sq. ft. apartment building has property values and rents anchored by Johns Hopkins University Homewood Campus, just two blocks away. Three apartments have four bedrooms, two baths, a full kitchen and a rough-in kitchen each. These are perfect for large groups of renters who pay top dollar for units this close to campus. Fourth apartment is a two-bedroom, one bath in the basement, which could be converted to a three-bedroom. All units are in livable condition, but renovation opportunities include mordernizing kitchens, baths, flooring, and windows; re-configuring floor plan; separating HVAC & water heaters; and upgrading plumbing and electrical.Call me to discuss the details of this opportunity! INVESTMENT SUMMARY: $675,000 List Price$118 Price Per Sq. Ft. $440,000 Suggested Renovation8.8 Times Projected Annual Rent (GRM) 9.0% Cap Rate 14.9% Projected cash-on-cash return on investment, after renovation

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    ©2019 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2019-12-05T21:51:57.113.
    www.kathystoneteam.com/homes/100383875

    2934 Saint Paul Street BALTIMORE, MD 21218

    • Price: $675,000
    • Status: Pending
    • Updated: 12 min ago
    • ID#: MDBA489916
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.08
    Acres
    5,906
    SQFT
    $114
    $/SQFT
    1900
    Built
    Neighborhood:
    Charles Village
    County:
    Baltimore City
    School District:
    Baltimore City Public Schools
    Property Description
    If you~re searching for your winter project, look no further! This 4-unit, 5,700 sq. ft. apartment building has property values and rents anchored by Johns Hopkins University Homewood Campus, just two blocks away. Three apartments have four bedrooms, two baths, a full kitchen and a rough-in kitchen each. These are perfect for large groups of renters who pay top dollar for units this close to campus. Fourth apartment is a two-bedroom, one bath in the basement, which could be converted to a three-bedroom. All units are in livable condition, but renovation opportunities include mordernizing kitchens, baths, flooring, and windows; re-configuring floor plan; separating HVAC & water heaters; and upgrading plumbing and electrical.Call me to discuss the details of this opportunity! INVESTMENT SUMMARY: $675,000 List Price$118 Price Per Sq. Ft. $440,000 Suggested Renovation8.8 Times Projected Annual Rent (GRM) 9.0% Cap Rate 14.9% Projected cash-on-cash return on investment, after renovation
    Exterior Features

    Architectural Style Traditional Construction Materials BrickConcrete Garage YN No Lot Features Rear Yard Other Structures Above GradeBelow Grade Parking Types Off Street Pool No Pool Property Condition As-Is ConditionNeeds WorkRehabilitation Potential Riparian Rights YN No Roof Rubber Water Access YN No Water Oriented YN No Waterfront YN No

    Interior Features

    Above Grade Fin SQFT 4806 Appliances DryerWasherOven/Range - GasRefrigerator Basement FullPartially FinishedRear EntranceDaylightPartialInterior Access Basement YN Yes Below Grade Finished Area 1100 Below Grade Unfinished Area 500 Cooling None Exclusions Tenant's Possessions Flooring HardwoodCeramic TileCarpetVinylLaminated Heating Radiator Heating YN Yes Interior Features Skylight(S)Wood Floors Single Room Units 0 Three Bedroom Units 0 Two Bedroom Units 0 Walls Ceilings 9'+ CeilingsPlaster WallsDry WallWood Walls

    Property Features

    Acceptable Financing CashConventionalPrivate Accessibility Features None Assessment Year 2019 Association YN No Central Air YN No Cooling Fuel None Cross Street 30th Electric 200+ Amp Service Existing Lease Type Month To Month Foundation Details Stone Gross Income 10200.00 Heating Fuel Natural Gas Hot Water Natural Gas Incorporated City Name Baltimore City Insurance Expense 2400.00 Maintenance Expense 5000.00 Navigable Water YN N New Construction YN No Number Of Units Leased 1 Number Of Units Total 4 Number Of Units Vacant 3 Operating Expense 17598.00 Original MLSNumber 302139471092 Other Expense 4440.00 Owner Pays InsuranceRepairsTaxes - Real EstateWater Ownership Interest Fee Simple Possession ImmediateNegotiable Property Sub Type Quadruplex Rent Control YN No Sale Type Standard Section 16 Sewer Public Sewer Structure Design Type Row/Townhouse Tax Annual Amount 8071.0 Tax Assessment Amount 342000.0 Tax Lot 016 Total Actual Rent 10200.00 Vacation Rental YN No Water Source Public Window Features Wood FrameDouble HungBay/BowSkylights Zoning R-8 Zoning Description 4 Dwelling Units

    Listing courtesy of Ben Frederick Realty, Inc..


    ©2019 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2019-12-05T21:51:57.113.
     
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