456 E Federal Street

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+G- 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 +GG Baltimore+GGs 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.