$400,000
$389,000
2.8%For more information regarding the value of a property, please contact us for a free consultation.
3,120 SqFt
SOLD DATE : 03/09/2021
Key Details
Sold Price $400,000
Property Type Multi-Family
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 3,120 sqft
Price per Sqft $128
Subdivision Charles Village
MLS Listing ID MDBA536286
Sold Date 03/09/21
Style Traditional
HOA Y/N N
Abv Grd Liv Area 3,120
Originating Board BRIGHT
Year Built 1902
Annual Tax Amount $7,094
Tax Year 2021
Lot Size 3,317 Sqft
Acres 0.08
Lot Dimensions 18' x 184'4\"
Property Description
This well-maintained 3-unit building awaits its new owner! Located around the corner from Wyman Park, and just 2 blocks from Johns Hopkins Homewood Campus! 2820 Saint Paul Street contains 3 spacious one-bedroom apartments. Constructed in 1902, this building offers historic charm in the ornate finishes of the staircase and the first floor apartments veneer hardwood floors. The owner has maintained the property well: upgrades include vinyl replacement windows and a new steam boiler dated 2014. Sturdy finishes like the bathrooms ceramic tile floors and the kitchens laminate counters help lower turnover and replacement costs. This block is among the best in Charles Village! The location caters to students, researchers, and support staff at Hopkins University and nearby Union Memorial Hospital. The Johns Hopkins Shuttle Bus stops one block south, at 27th and Saint Paul, making this a desirable location for employees travelling to other Hopkins campuses too. 2820 Saint Paul Street earns a WalkScore of 90 (Walkers Paradise!) a TransitScore of 61, and a BikeScore of 86. 2820 Saint Paul Street is a prime opportunity for an owner-occupant purchaser. The first floor is currently vacant and has been cleaned and painted for move-in. This apartment has access to the basements laundry facilities and extra storage space, plus use of a one-car garage in the rear. The second and third floor apartments are leased to long-term tenants. So, you can move into the first floor apartment and let the rents pay your mortgage! Schedule a time to tour this Charles Village gem! Investment Summary: $389,000 $129,667 Per Unit $125 Per Sq. Ft. 9.3 Times Market Rent (GRM) 6.78% Cap Rate 8.3% Projected Cash-on-Cash Return
Location
State MD
County Baltimore City
Zoning R-8
Rooms
Basement Other, Full, Unfinished
Interior
Hot Water Multi-tank, Natural Gas
Heating Radiator, Steam
Cooling None
Heat Source Natural Gas
Exterior
Garage Garage - Rear Entry, Oversized
Garage Spaces 1.0
Waterfront N
Water Access N
Roof Type Rubber
Accessibility None
Parking Type Detached Garage
Total Parking Spaces 1
Garage Y
Building
Sewer Public Sewer
Water Public
Architectural Style Traditional
Additional Building Above Grade, Below Grade
Structure Type Plaster Walls,Dry Wall
New Construction N
Schools
School District Baltimore City Public Schools
Others
Tax ID 0312163850 011
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Cash, FHA, FHA 203(b), FHA 203(k), VA, Conventional
Listing Terms Cash, FHA, FHA 203(b), FHA 203(k), VA, Conventional
Financing Cash,FHA,FHA 203(b),FHA 203(k),VA,Conventional
Special Listing Condition Standard
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Bought with Susan L Ludwig • Cummings & Co. Realtors
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "