$375,000
$389,900
3.8%For more information regarding the value of a property, please contact us for a free consultation.
2,800 SqFt
SOLD DATE : 06/20/2023
Key Details
Sold Price $375,000
Property Type Multi-Family
Sub Type End of Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 2,800 sqft
Price per Sqft $133
Subdivision Marble Hill
MLS Listing ID MDBA2083330
Sold Date 06/20/23
Style Federal
Abv Grd Liv Area 2,800
Originating Board BRIGHT
Year Built 1920
Annual Tax Amount $1,657
Tax Year 2022
Lot Size 6,098 Sqft
Acres 0.14
Property Description
Price drop! Money making 3 unit multi-family ready for investors or owner occupant. Collect rent and live in the rent ready unit! This building has been professionally managed for several years and out of state owner is selling local property. All records of repairs and rent rolls are available. This is a positive cash flow unit. Rents can be raised to higher market rent. 3 units with 4th unit possible in the basement. This building has 4 levels with 3 apartments . There are two 3br $980, $1100 and one 2 bedroom apartment $900. Each unit has 1 bathroom. Tenants have been long term.The building has a large basement with common laundry and storage. Basement can be turned into 4th apartment. Units have separate utilities and gas heat, all have updated kitchen and bathrooms. . Parking in rear or street. 1st and 2nd floor have gas forced air heat , 3rd floor has elec heat and own meter. Building has two great tenants that have been there for several years. One unit is vacant and ready for rent. Rental rate is slightly below current market rate. Slight increases would increase overall income. McCulloh St is a beautiful, quiet, tree lined street in the Marble Hill historic district, one block from Bolton Hill. Tenants pay monthly rent and all of their own utilities. Landlord pays water bill and common area electricity for the entrance and laundry room. Market rate rent for 1b is $1k, $1350 for a 3br. The numbers work!
Location
State MD
County Baltimore City
Zoning R-8
Rooms
Basement Fully Finished, Outside Entrance
Interior
Interior Features Combination Kitchen/Living, Floor Plan - Traditional
Hot Water 60+ Gallon Tank
Heating Heat Pump - Gas BackUp
Cooling Central A/C
Equipment Dishwasher, Dryer - Electric, Dryer - Gas, Oven - Single, Oven/Range - Electric, Water Heater, Intercom
Fireplace N
Appliance Dishwasher, Dryer - Electric, Dryer - Gas, Oven - Single, Oven/Range - Electric, Water Heater, Intercom
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Federal
Additional Building Above Grade, Below Grade
Structure Type 9'+ Ceilings,Dry Wall,Plaster Walls
New Construction N
Schools
Elementary Schools Mount Royal Elementary-Middle School
Middle Schools Booker T. Washington
High Schools Patterson
School District Baltimore City Public Schools
Others
Tax ID 0314120377 006
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Conventional, FHA, Cash, VA
Listing Terms Conventional, FHA, Cash, VA
Financing Conventional,FHA,Cash,VA
Special Listing Condition Standard
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Bought with VALERIE C RIGGS • Keller Williams Integrity