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456 E Federal Street

BALTIMORE, MD 21202
  • $1,470,000
  • STATUS: Active
  • ON SITE: 145 Days
  • ID#: MDBA2021884
Price Reduced
UPDATED: 69 min ago
$1,470,000
  • 0
    BEDS
  • 0.02
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 932
    SQFT
  • $1,577
    $/SQFT
Type:
Multi-Family
Built:
1920
County:

School Ratings & Info

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.

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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: 2022-05-26T14:53:26.49.
www.jessyoungrealestate.com/homes/124370038
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456 E Federal Street BALTIMORE, MD 21202

  • Price: $1,470,000
  • Status: Active
  • On Site: 145 Days
  • Updated: 69 min ago
  • ID#: MDBA2021884
0
Beds
0
Baths
0
½ Baths
0.02
Acres
932
SQFT
$1,577
$/SQFT
1920
Built
Neighborhood:
Station North Arts District
County:
Baltimore City
School District:
Baltimore City Public Schools
Property 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.
Exterior Features

Architectural Style Federal Construction Materials Brick Garage YN No Other Structures Above GradeBelow Grade Parking Types On Street Pool No Pool Property Condition Excellent Riparian Rights YN No Roof FlatRubber Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 932 Appliances Built-In MicrowaveDishwasherDisposalWasherDryerExhaust FanOven/Range - ElectricRefrigeratorWater Heater Basement Outside EntranceFullPoured Concrete Basement YN Yes Below Grade Finished Area 0 Below Grade Unfinished Area 466 Cooling Central A/CHeat Pump(S) Fireplace YN No Flooring Hardwood Heating CentralForced AirHeat Pump(S) Heating YN Yes Interior Features Floor Plan - OpenKitchen - Gourmet Single Room Units 0 Spa YN No Three Bedroom Units 2 Two Bedroom Units 5 Units Furnished None Walls Ceilings Dry Wall

Property Features

Acceptable Financing Conventional Accessibility Features None Assessment Year 2022 Central Air YN Yes Cooling Fuel Electric Cross Street Brentwood Electric 200+ Amp Service Existing Lease Type Gross Foundation Details Block Gross Income 147264.00 Heating Fuel Electric Historic YN No Hot Water Electric Insurance Expense 5296.68 Navigable Water YN N New Construction YN No Number Of Units Leased 7 Number Of Units Total 1 Number Of Units Vacant 4 Original MLSNumber 801236583266 Ownership Interest Fee Simple Possession Settlement Property Sub Type Other Rent Control YN No Sale Type Standard Section 10 Sewer Public Sewer Structure Design Type End Of Row/Townhouse Tax Annual Amount 6451.00 Tax Assessment Amount 280000.00 Tax Lot 029 Total Actual Rent 147264.00 Transportation Metro/Subway Station Less Than 1 MileCommuter Rail Station Less Than 1 MileBus Stop Less Than 1 Mile Vacation Rental YN No Water Average Monthly 38 Water Last12 Months 456.00 Water Source Public Year Built Effective 2016 Zoning R-8 Zoning Description Residential. Each Of The 6 Homes is Single Family Residential.

Listing courtesy of Execuhome Realty.


©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: 2022-05-26T14:53:26.49.
 
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