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2814 N Calvert Street

BALTIMORE, MD 21218
  • $445,000
  • STATUS: Active
  • ON SITE: 40 Days
  • ID#: MDBA2041476
UPDATED: 27 min ago
$445,000
  • 0
    BEDS
  • 0.05
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,758
    SQFT
  • $161
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1902
County:

School Ratings & Info

Description

This brick townhome houses two updated apartments, and a third apartment that could be easily renovated to increase value. With upgraded plumbing and electrical systems, and separately metered utilities, 2814 North Calvert provides great bones and a stable start for an investor or owner-occupant buyer. Located just three blocks from Johns Hopkins University Homewood Campus, property values and potential tenant pool are anchored by this world-renowned institution.The first floor and second floor apartments are upgraded: their kitchens have granite countertops, stainless steel sinks with garbage disposals, gas ranges, and a mix of wood and laminate cabinets. Bathrooms feature stylish sinks, shower stalls, and ceramic tile floors. The majority of windows have been upgraded to double-pane vinyl replacement windows. Refurbished hardwood floors run through these apartments.The third floor apartment houses a long-term tenant. A new owner could keep the rent low and enjoy the steady income, or upgrade this apartment to increase property value and future rents.Tenants can utilize the free clothes washer & dryer in the basement. One-car parking is available in the rear. The first floor tenant enjoys a large rear deck.Each apartment is separately metered for gas and electric. The owner bills the tenants back for public service gas, electric, and water/sewer, maximizing cash flow for the landlord.2814 North Calvert Street has 400-amp electric service, with 100 amps to each apartment. The water main is copper. Observable supply lines are copper and c-pvc; drain lines are a mix of pvc and steel. Both upper and lower roof are built-up. The apartments are served by one central gas-fired 50 gallon State Select water heater. Heat is provided steam radiators, and a gas-fired Burnham boiler.Tenants can walk to the Charles Village Shopping District, Johns Hopkins University Homewood Campus and Wyman Park. Just one block south is the Hopkins Shuttle Stop, providing an easy commute to Hopkins+GG other Baltimore campuses. 2814 North Calvert Street earns the designation +G+Walker+GGs Paradise+G- with a WalkScore of 92, a TransitScore of 61, and a BikeScore of 87. This block is patrolled by Hopkins campus security, and is served by the Charles Village Benefits District. This nonprofit organization helps keep the district clean, organizes security patrols, and hosts community events.Investment Summary:$445,000$148,333 Per Unit$161 Per Sq. Ft.11.6 Times Actual Rent (GRM)9.7 Times Market Rent (GRM)7.54% Cap Rate8.1% Projected Cash-on-Cash Return

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©2022 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 accurate by the MLS or RE/MAX Executive. 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: 2022-05-26T16:50:30.217.
www.jessyoungrealestate.com/homes/127742190
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2814 N Calvert Street BALTIMORE, MD 21218

  • Price: $445,000
  • Status: Active
  • On Site: 40 Days
  • Updated: 27 min ago
  • ID#: MDBA2041476
0
Beds
0
Baths
0
½ Baths
0.05
Acres
2,758
SQFT
$161
$/SQFT
1902
Built
Neighborhood:
Charles Village
County:
Baltimore City
School District:
Baltimore City Public Schools
Property Description
This brick townhome houses two updated apartments, and a third apartment that could be easily renovated to increase value. With upgraded plumbing and electrical systems, and separately metered utilities, 2814 North Calvert provides great bones and a stable start for an investor or owner-occupant buyer. Located just three blocks from Johns Hopkins University Homewood Campus, property values and potential tenant pool are anchored by this world-renowned institution.The first floor and second floor apartments are upgraded: their kitchens have granite countertops, stainless steel sinks with garbage disposals, gas ranges, and a mix of wood and laminate cabinets. Bathrooms feature stylish sinks, shower stalls, and ceramic tile floors. The majority of windows have been upgraded to double-pane vinyl replacement windows. Refurbished hardwood floors run through these apartments.The third floor apartment houses a long-term tenant. A new owner could keep the rent low and enjoy the steady income, or upgrade this apartment to increase property value and future rents.Tenants can utilize the free clothes washer & dryer in the basement. One-car parking is available in the rear. The first floor tenant enjoys a large rear deck.Each apartment is separately metered for gas and electric. The owner bills the tenants back for public service gas, electric, and water/sewer, maximizing cash flow for the landlord.2814 North Calvert Street has 400-amp electric service, with 100 amps to each apartment. The water main is copper. Observable supply lines are copper and c-pvc; drain lines are a mix of pvc and steel. Both upper and lower roof are built-up. The apartments are served by one central gas-fired 50 gallon State Select water heater. Heat is provided steam radiators, and a gas-fired Burnham boiler.Tenants can walk to the Charles Village Shopping District, Johns Hopkins University Homewood Campus and Wyman Park. Just one block south is the Hopkins Shuttle Stop, providing an easy commute to Hopkins+GG other Baltimore campuses. 2814 North Calvert Street earns the designation +G+Walker+GGs Paradise+G- with a WalkScore of 92, a TransitScore of 61, and a BikeScore of 87. This block is patrolled by Hopkins campus security, and is served by the Charles Village Benefits District. This nonprofit organization helps keep the district clean, organizes security patrols, and hosts community events.Investment Summary:$445,000$148,333 Per Unit$161 Per Sq. Ft.11.6 Times Actual Rent (GRM)9.7 Times Market Rent (GRM)7.54% Cap Rate8.1% Projected Cash-on-Cash Return
Exterior Features

Architectural Style Traditional Construction Materials Brick Garage YN No Other Structures Above GradeBelow Grade Parking Types Off Street Pool No Pool Property Condition Good Riparian Rights YN No Roof Built-Up Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 2758 Basement FullPartially Finished Basement YN Yes Below Grade Finished Area 0 Below Grade Unfinished Area 1019 Cooling None Exclusions Tenants' Possessions Flooring HardwoodCarpet Heating RadiatorSteam Heating YN Yes Inclusions 2 Dishwashers3 Ranges3 Refrigerators2 Garbage Disposals Single Room Units 0 Three Bedroom Units 0 Two Bedroom Units 0 Walls Ceilings Plaster Walls

Property Features

Acceptable Financing FhaCashConventionalExchangePrivate Accessibility Features None Assessment Year 2022 Cap Value Ground Rent 1500.00 Central Air YN No Cooling Fuel None Electric 200+ Amp Service Existing Lease Type Month To MonthYearly Foundation Details Brick/Mortar Ground Rent Amount 90.00 Ground Rent Payment Frequency Semi-Annually Heating Fuel Natural Gas Historic YN No Hot Water Natural Gas Municipality Baltimore City Navigable Water YN N Net Operating Income 33535.00 New Construction YN No Number Of Units Leased 3 Number Of Units Total 3 Original MLSNumber 801482549976 Ownership Interest Ground Rent Possession ImmediateSubject To Existing Lease Property Sub Type Triplex Rent Control YN No Sale Type Standard Section 16 Sewer Public Sewer Structure Design Type Interior Row/Townhouse Tax Annual Amount 6702.00 Tax Assessment Amount 286300.00 Tax Lot 008 Total Actual Rent 38520.00 Transportation Bus Stop Less Than 1 MileCommuter Rail Station 1 To 5 Miles Vacation Rental YN No Water Source Public Zoning R-8 Zoning Description Permitted For 3 Dwelling Units. Rental License Renewal Pending

Listing courtesy of Ben Frederick Realty, Inc..


©2022 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 accurate by the MLS or RE/MAX Executive. 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: 2022-05-26T16:50:30.217.
 
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