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  • DESCRIPTION

    Never Meant to Be Sold! Builder Built for Himself to Own for a Lifetime. Boasts 10 Year Historic CHAP Tax Credit, No Expense Spared Construction, Impeccable Finishes and is Fully Leased. Located Blocks from Penn Station in the Heart of the City and Just South of Johns Hopkins University. Extensive List of Documents are uploaded including Construction Info, Leasing/Licensing/Rental Registration, CHAP, Lead Free Certification, Rent Roll and Expenses. This is not Like your Friends Investment Property. 50K Solid Iron Staircase with Metal Railing. Treads and Risers will never need to be replaced from tenant move in/out damage. Sprinkler System and Central Fire Alarm System independently checks smoke detectors and informs Fire Station plus Oversized Windows Designed for Fire Department Rescue. Waterproofing Basement System consisting of not only perimeter French style drain/sump pump system but also Basement Walls are Brick for the First 16-20 inches which is Higher than the Step Down Walk-Out Basement so Water will flow out before touching wood or drywall. Roofing System is a 20 Year Thermoplastic Polyelfin (TPO) Synthetic Roof with the Firestone Manufacture Warranty, plus has Thermax Sheathing Rigid Foam Insulation and an Interior Roof Access Hatch. Building has 220 Volt/600 Amp and is All Electric. No Carbon Monoxide Safety Concerns. Energy Efficient Heat Pumps, Appliances and LED Lighting Throughout. Units Boast Expensive High End Finishes. Kitchen and Bathroom Floors and Showers haveGorgeous, High End Natural Stone Calcatta Marble with Absolute Black Granite Starts and Inlays. Shaker Kitchen Cabinets are Solid Wood and Coffee Stained and Counters are Uba Tuba Brazilian Granite. Solid Harwood Red Oak Floors extend in Living Room, Bedroom and Hallways. Double Wide, Full Room Width Closets, Lots of Light throughout from the Oversized Windows. Full Regular Size Stacked Washer and Dryers in each Unit. See Development Pictures showing Common Area staircase and Living Rooms with Absolutely Beautiful Exposed Brick Walls that have been Acid Washed and sealed with a special sand and White Cement finish. Passing CHAP required hiding these behind drywall, but can be revealed post CHAP. CHAP was approved in 2020 and is good through 2030. Property Taxes are only $703/yr. Full Ground Up Renovation was done in 2016 and Includes Everything from Underpinned Basement, Sub Floors, Framing and All Mechanicals. Property is an A+. Current Rents are Slightly Below Market. Area Rents for One Bedroom Apartments are $1,400-$1,500/m. Tremendous Cash Flow Today and Easy Ability to Increase. Estimated 15% Cash on Cash Return with 20% Down Conventional Loan for Qualified Buyer at Current Rents. Units are Mirror Images of each other. Photos are of a the 2ndFloor Unit and accurately represent all units. Showings are Scheduled by Appointment Only with Listing Agent and Buyer Pre-Approval Required for All Showings to Minimize Tenant Disturbance. Owner Selling for Personal Reasons and is Liquidating Property Portfolio. This is an Easy Acquisition for a Value and Cash Flow Focused Investor.

    KEY DETAILS
    • Price:
    • $799,000
    • Bedrooms:
    • 4
    • Full Baths:
    • 0
    • Square Footage:
    • 3,008
    • Acreage:
    • 0.03
    • Year Built:
    • 1890
    • MLS #:
    • MDBA2015534
    • Street Address:
    • 2024 N Calvert St
    • City:
    • Baltimore
    • State:
    • MD
    • Postal Code:
    • 21218
    • County:
    • Baltimore City
    • Subdivision:
    • Old Goucher
    • Listing Status:
    • For Sale - Pending

    Building

    • Basement Square Footage:
    • 752
    • Basement Type:
    • Full, Fully Finished, Daylight, Full, Walkout Level, Interior Access, Outside Entrance, Rear Entrance, Water Proofing System, Drainage System, Sump Pump
    • Building Condition:
    • Excellent
    • Building Security:
    • Fire Detection System, Carbon Monoxide Detector(s), Smoke Detector, Sprinkler System - Indoor
    • Doors And Windows:
    • Insulated
    • Dwelling Type:
    • Interior Row/Townhouse
    • Ease Of Access:
    • 36+ Wide Halls
    • Finished Above Ground Square Footage:
    • 2256
    • Finished Basement Square Footage:
    • 752
    • Finished Square Feet:
    • 3008
    • Flooring:
    • Hardwood, Marble, Solid Hardwood
    • Foundation:
    • Concrete Perimeter, Brick/Mortar
    • Green Features:
    • Hvac, Appliances, Lighting
    • Has Basement:
    • Yes
    • Interior Features:
    • Floor Plan - Open, Sprinkler System, Wood Floors, Upgraded Countertops, Tub Shower, Kitchen - Gourmet
    • Number Of 1 Bedroom Units:
    • 4
    • Number Of Units:
    • 4
    • Other Buildings:
    • Above Grade, Below Grade
    • Square Footage Source:
    • Estimated
    • Style:
    • Federal
    • Total Building Square Footage:
    • 3008
    • Type Of Roof:
    • Flat, Other
    • Windows:
    • Energy Efficient, Double Hung, Insulated, Low-E, Screens, Sliding, Wood Frame
    • Year Built:
    • 1890
    • Year Built Source:
    • Assessor

    Business

    • Annual Insurance Expenses:
    • 907.32
    • Gross Income:
    • 61500.00
    • Net Operating Income:
    • 58601.00

    Land

    • Approximate Lot Size Range Source:
    • Estimated
    • Conforms To Zoning:
    • R-8
    • Lot Description:
    • 16x85
    • Lot Square Footage:
    • 1330.00
    • Section:
    • 08
    • Zoning Description:
    • 4 Unit Residential Property

    Listing

    • Days On Market:
    • 13
    • Lease Type:
    • Yearly
    • On Market Date:
    • 2021-11-29
    • Originating Mls:
    • Bright
    • Special Conditions Of Sale:
    • Standard
    • Terms:
    • Fha, Conventional, Va

    Location

    • Cross Street:
    • 20th
    • In City Limits:
    • Yes
    • Subdivision:
    • Old Goucher
    • Tax Municipality:
    • Baltimore City

    Money

    • City Taxes:
    • 4234.00
    • County Taxes:
    • 210.00
    • Owner Pays:
    • Taxes - Real Estate, Water, Insurance, Common Area Maintenance
    • Price Per Square Foot:
    • 354.17
    • Property Taxes:
    • $696
    • Tax Year:
    • 2020

    Rooms

    • Total Rooms:
    • 16

    Structures

    • Parking Description:
    • Paved Driveway
    • Parking Spaces:
    • 2
    • Parking Type:
    • Driveway
    • Pool Description:
    • No Pool

    Systems

    • Appliances:
    • Oven/Range - Electric, Refrigerator, Built-In Microwave, Dishwasher, Disposal, Washer/Dryer Stacked, Exhaust Fan, Energy Efficient Appliances
    • Cooling Fuel:
    • Electric
    • Cooling System:
    • Heat Pump(s), Central A/C
    • Electricity:
    • 220 Volts
    • Existing Water:
    • Public
    • Heating:
    • Heat Pump(s)
    • Heating Fuel:
    • Electric
    • Sewage Type:
    • Public Sewer
    • Water Heater:
    • Electric

    Source

    • Listing Provided By Execuhome Realty

      © 2021 BRIGHT, All Rights Reserved


      BRIGHT
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