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  • DESCRIPTION

    **$280,000 Price Drop!! Now $210,000 Per Property**. 7 Property Portfolio Available Now. Fantastic Renovated, Low Maintenance Properties with Wonderfull Cash Flow and Huge Upside. These Nearly Adjacent CHAP Townhouses are located in Booming Station North - Boasting a 8% Cap Rate. Full 9 Years Remaining on CHAP tax credit. Townhouses are being Sold as a Package (Separately Deeded); Better than Multi-Family with Privacy and Happy Long Term Tenants. Extremely Low Maintenance as all Properties are Gut Renovations from 2016 with all New Electric, Plumbing, Heating, Kitchens, Bathrooms, Insulated and Modern Floor Plans. 20 Year Thermoplastic Polyelfin (TPO) Synthetic Roof with the Firestone Manufacture Warranty on Labor and Materials. Homes are Certified Lead Free and All Electric, No Future Lead Inspections Required and No CO2 Risk. 432 E Federal, 438 E Federal & 440 E Federal are Occupied. 426 E Federal, 454 E Federal, 456 E Federal and 437 Pitman Pl are purposely vacant for Seller to have Option to Sell to Investor or Homeowner Buyer. All Documents are Uploaded including Rental Registrations, CHAP Approval, Lead Free Certs, Leases, Insurance Expense, Annual CHAP Taxes and Rent Roll. Plus, Income, Expenses, Mortgage and Cash Flow Summary. All Townhomes are Very Similar. Photos are of 456 E Federal which has Two Bedrooms each with an En-Suite Bathroom. Hardwood Floors, Exposed Brick, Granite Counters and Marble Tiles in Kitchen and Baths, 42 Cabinets, Large Master Walk-In Closet, Comfortable Living and Dining Areas, Underpinned Concrete Floor and Brick Wall Basements that are Perfect for Storage. CHAP Features Include Historic Staircase, Custom Milled Historic Replicative Baseboards and Trim, New Front Facing Wood Windows w/Historic Bullnose trim. Exteriors Are Beautiful with Front and Back Repointed Brick, Historic Window and Door Trim and Cornices. Location is exceptional Blocks from Penn Station, Metro and Light Rail Stops. Walking Distance to MICA University, John Hopkins University and Mt. Vernon Baltimores Cultural and Historic Center. Properties are Adjacent to the Arts and Entertainment District including the Parkway, Charles and Centre Theaters. In addition, they are near Shops, Restaurants and Much More. Uploaded Photos and Floorplans are representative of all properties. Photos are of 456 E Federal St, Floor Plans are of 456 E Federal, 454 E Federal & 437 Pitman. CHAP Applies to All Properties Except 426 E Federal. Do not Miss Out on this Rare Opportunity for a Turnkey Portfolio with Exceptional Cash Flow in an Appreciating Neighborhood. Schedule Your Tour Today. NO COMMERCIAL LOAN IS REQUIRED and No Yield Tax will be applicable. These Residential Townhouse are deeded separately. Purchase with Conventional Residential Financing.

    KEY DETAILS
    • Price:
    • $1,470,000
    • Bedrooms:
    • 7
    • Full Baths:
    • 0
    • Square Footage:
    • 1,398
    • Acreage:
    • 0.02
    • Year Built:
    • 1920
    • MLS #:
    • MDBA2021884
    • Street Address:
    • 456 E Federal St
    • City:
    • Baltimore
    • State:
    • MD
    • Postal Code:
    • 21202
    • County:
    • Baltimore City
    • Subdivision:
    • Station North Arts District
    • Listing Status:
    • For Sale - Pending

    Building

    • Basement Square Footage:
    • 466
    • Basement Type:
    • Outside Entrance, Full, Poured Concrete
    • Building Condition:
    • Excellent
    • Dwelling Type:
    • End Of Row/Townhouse
    • Finished Above Ground Square Footage:
    • 932
    • Finished Square Feet:
    • 932
    • Flooring:
    • Hardwood
    • Foundation:
    • Block
    • Has Basement:
    • Yes
    • Interior Features:
    • Floor Plan - Open, Kitchen - Gourmet
    • Number Of 2 Bedroom Units:
    • 5
    • Number Of 3 Bedroom Units:
    • 2
    • Number Of Units:
    • 1
    • Number Of Units Vacant:
    • 4
    • Other Buildings:
    • Above Grade, Below Grade
    • Square Footage Source:
    • Assessor
    • Style:
    • Federal
    • Total Building Square Footage:
    • 1398
    • Type Of Roof:
    • Flat, Rubber
    • Unfinished Basement Square Footage:
    • 466
    • Year Built:
    • 1920
    • Year Built Source:
    • Assessor

    Business

    • Annual Insurance Expenses:
    • 5296.68
    • Gross Income:
    • 147264.00

    Land

    • Approximate Lot Size Range Source:
    • Estimated
    • Conforms To Zoning:
    • R-8
    • Lot Description:
    • 12x64
    • Lot Square Footage:
    • 757.00
    • Section:
    • 10
    • Zoning Description:
    • Residential. Each Of The 6 Homes Is Single Family Residential.

    Listing

    • Days On Market:
    • 150
    • Lease Type:
    • Gross
    • On Market Date:
    • 2022-07-22
    • Originating Mls:
    • Bright
    • Special Conditions Of Sale:
    • Standard
    • Terms:
    • Conventional

    Location

    • Cross Street:
    • Brentwood
    • In City Limits:
    • Yes
    • Subdivision:
    • Station North Arts District

    Money

    • City Taxes:
    • 6145.00
    • County Taxes:
    • 306.00
    • Price Per Square Foot:
    • 1577.25
    • Property Taxes:
    • $6,451
    • Tax Year:
    • 2022

    Structures

    • Parking Type:
    • On Street
    • Pool Description:
    • No Pool

    Systems

    • Appliances:
    • Built-In Microwave, Dishwasher, Disposal, Washer, Dryer, Exhaust Fan, Oven/Range - Electric, Refrigerator, Water Heater
    • Cooling Fuel:
    • Electric
    • Cooling System:
    • Central A/C, Heat Pump(s)
    • Electricity:
    • 200+ Amp Service
    • Existing Water:
    • Public
    • Heating:
    • Central, Forced Air, Heat Pump(s)
    • Heating Fuel:
    • Electric
    • Sewage Type:
    • Public Sewer
    • Water Heater:
    • Electric

    Source

    • Listing Provided By Execuhome Realty

      © 2022 BRIGHT, All Rights Reserved


      BRIGHT
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    SCHOOL RATINGS
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    SCHOOL DISTRICT: BALTIMORE CITY PUBLIC SCHOOLS

    NOTES

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