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2022 N Calvert Street

BALTIMORE, MD 21218
  • $775,000
  • STATUS: Active
  • ON SITE: 9 Days
  • ID#: MDBA2015824
UPDATED: 28 min ago
$775,000
  • 0
    BEDS
  • 0.03
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,196
    SQFT
  • $242
    $/SQFT
Type:
Multi-Family
Built:
1890
County:

School Ratings & Info

Description

Never Meant to Be Sold! Builder Built for Himself to Own for a Lifetime. Boasts 10 Year Historic CHAP Tax Credit, No Expense Spared Construction, Impeccable Finishes and is Fully Leased. Located Blocks from Penn Station in the Heart of the City and Just South of Johns Hopkins University. Extensive List of Documents are uploaded including Construction Info, Leasing/Licensing/Rental Registration, CHAP, Lead Free Certification, Rent Roll and Expenses. This is not Like your Friend+GGs Investment Property. 50K Solid Iron Staircase with Metal Railing. Treads and Risers will never need to be replaced from tenant move in/out damage. Sprinkler System and Central Fire Alarm System independently checks smoke detectors and informs Fire Station plus Oversized Windows Designed for Fire Department Rescue. +G-Waterproofing Basement System consisting of not only perimeter French style drain/sump pump system but also Basement Walls are Brick for the First 16+G--20+G- which is Higher than the Step-Down Walk-Out Basement so Water will flow out before touching wood or drywall. Roofing System is a 20 Year Thermoplastic Polyelfin (TPO) Synthetic Roof with the Firestone Manufacture Warranty, plus has Thermax Sheathing Rigid Foam Insulation and an Interior Roof Access Hatch. Building has 220 Volt/600 Amp and is All Electric. No Carbon Monoxide Safety Concerns. Energy Efficient Heat Pumps, Appliances and LED Lighting Throughout. Units Boast Expensive High-End Finishes. Kitchen and Bathroom Floors and Showers have+G-Gorgeous, High End Natural Stone Calcatta Marble with Absolute Black Granite Starts and Inlays. Shaker Kitchen Cabinets are Solid Wood and Coffee Stained and Counters are Uba Tuba Brazilian Granite. Solid Harwood Red Oak Floors extend in Living Room, Bedroom and Hallways. Double Wide, Full Room Width Closets, Lots of Light throughout from the Oversized Windows. Full Regular Size Stacked Washer and Dryers in each Unit. See Development Pictures showing Common Area staircase and Living Rooms with Absolutely Beautiful Exposed Brick Walls that have been Acid Washed and sealed with a special sand and White Cement finish. Passing CHAP required hiding this behind drywall but can be revealed post CHAP. CHAP was approved in 2020 and is good through 2030. Property Taxes are only $703/yr. +G-Full Ground Up Renovation was done in 2016 and Includes Everything from Underpinned Basement, Sub Floors, Framing and All Mechanicals. Property is an A+. Current Rents are Slightly Below Market. Area Rents for One Bedroom Apartments are $1,400-$1,500/m. Tremendous Cash Flow Today and Easy Ability to Increase. Estimated 15% Cash on Cash Return with 20% Down Conventional Loan for Qualified Buyer at Current Rents. Units are Mirror Images of each other. Photos are of the 2nd+G-Floor Unit and accurately represent all units. Showings are Scheduled by Appointment Only with Listing Agent and Buyer Pre-Approval Required for All Showings to Minimize Tenant Disturbance. Owner Selling for Personal Reasons and is Liquidating Property Portfolio. This is an Easy Acquisition for a Value and Cash Flow Focused Investor.

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©2021 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 Crews Real Estate | EXP Realty. 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: 2021-11-29T15:51:39.57.
www.crewsrealestate.com/homes/123447681
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2022 N Calvert Street BALTIMORE, MD 21218

  • Price: $775,000
  • Status: Active
  • On Site: 9 Days
  • Updated: 28 min ago
  • ID#: MDBA2015824
0
Beds
0
Baths
0
½ Baths
0.03
Acres
3,196
SQFT
$242
$/SQFT
1890
Built
County:
Baltimore City
School District:
Baltimore City Public Schools
Property Description
Never Meant to Be Sold! Builder Built for Himself to Own for a Lifetime. Boasts 10 Year Historic CHAP Tax Credit, No Expense Spared Construction, Impeccable Finishes and is Fully Leased. Located Blocks from Penn Station in the Heart of the City and Just South of Johns Hopkins University. Extensive List of Documents are uploaded including Construction Info, Leasing/Licensing/Rental Registration, CHAP, Lead Free Certification, Rent Roll and Expenses. This is not Like your Friend+GGs Investment Property. 50K Solid Iron Staircase with Metal Railing. Treads and Risers will never need to be replaced from tenant move in/out damage. Sprinkler System and Central Fire Alarm System independently checks smoke detectors and informs Fire Station plus Oversized Windows Designed for Fire Department Rescue. +G-Waterproofing Basement System consisting of not only perimeter French style drain/sump pump system but also Basement Walls are Brick for the First 16+G--20+G- which is Higher than the Step-Down Walk-Out Basement so Water will flow out before touching wood or drywall. Roofing System is a 20 Year Thermoplastic Polyelfin (TPO) Synthetic Roof with the Firestone Manufacture Warranty, plus has Thermax Sheathing Rigid Foam Insulation and an Interior Roof Access Hatch. Building has 220 Volt/600 Amp and is All Electric. No Carbon Monoxide Safety Concerns. Energy Efficient Heat Pumps, Appliances and LED Lighting Throughout. Units Boast Expensive High-End Finishes. Kitchen and Bathroom Floors and Showers have+G-Gorgeous, High End Natural Stone Calcatta Marble with Absolute Black Granite Starts and Inlays. Shaker Kitchen Cabinets are Solid Wood and Coffee Stained and Counters are Uba Tuba Brazilian Granite. Solid Harwood Red Oak Floors extend in Living Room, Bedroom and Hallways. Double Wide, Full Room Width Closets, Lots of Light throughout from the Oversized Windows. Full Regular Size Stacked Washer and Dryers in each Unit. See Development Pictures showing Common Area staircase and Living Rooms with Absolutely Beautiful Exposed Brick Walls that have been Acid Washed and sealed with a special sand and White Cement finish. Passing CHAP required hiding this behind drywall but can be revealed post CHAP. CHAP was approved in 2020 and is good through 2030. Property Taxes are only $703/yr. +G-Full Ground Up Renovation was done in 2016 and Includes Everything from Underpinned Basement, Sub Floors, Framing and All Mechanicals. Property is an A+. Current Rents are Slightly Below Market. Area Rents for One Bedroom Apartments are $1,400-$1,500/m. Tremendous Cash Flow Today and Easy Ability to Increase. Estimated 15% Cash on Cash Return with 20% Down Conventional Loan for Qualified Buyer at Current Rents. Units are Mirror Images of each other. Photos are of the 2nd+G-Floor Unit and accurately represent all units. Showings are Scheduled by Appointment Only with Listing Agent and Buyer Pre-Approval Required for All Showings to Minimize Tenant Disturbance. Owner Selling for Personal Reasons and is Liquidating Property Portfolio. This is an Easy Acquisition for a Value and Cash Flow Focused Investor.
Exterior Features

Architectural Style Federal Construction Materials Brick Door Features Insulated Garage YN No Other Structures Above GradeBelow Grade Parking Features Paved Driveway Parking Types Driveway 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 2397 Appliances Oven/Range - ElectricRefrigeratorBuilt-In MicrowaveDishwasherDisposalWasher/Dryer StackedExhaust FanEnergy Efficient Appliances Basement FullFully FinishedDaylightFullWalkout LevelInterior AccessOutside EntranceRear EntranceWater Proofing SystemDrainage System Basement YN Yes Below Grade Finished Area 799 Below Grade Unfinished Area 0 Cooling Heat Pump(S)Central A/C Fireplace YN No Flooring HardwoodMarbleSolid Hardwood Heating Heat Pump(S) Heating YN Yes Interior Features Floor Plan - OpenSprinkler SystemWood FloorsUpgraded CountertopsTub ShowerKitchen - Gourmet Rooms Total 16 Security Features Fire Detection SystemCarbon Monoxide Detector(S)Smoke DetectorSprinkler System - Indoor Single Room Units 0 Three Bedroom Units 1 Two Bedroom Units 0 Units Furnished None Walls Ceilings Dry Wall9'+ CeilingsHigh

Property Features

Acceptable Financing FhaConventionalVa Accessibility Features 36"+ Wide Halls Assessment Year 2021 Central Air YN Yes Cooling Fuel Electric Cross Street 20th Electric 220 Volts Electric Average Monthly 23 Electric Last12 Months 276.00 Elevators 0 Existing Lease Type Yearly Foundation Details Concrete PerimeterBrick/Mortar Green Energy Efficient HvacAppliancesLighting Gross Income 50250.00 Ground Rent Payment Frequency Annually Heating Fuel Electric Hot Water Electric Insurance Expense 907.32 Municipality Baltimore City Navigable Water YN N Net Operating Income 48151.68 New Construction YN No Number Of Units Leased 3 Number Of Units Total 3 Number Of Units Vacant 0 Original MLSNumber 801123706376 Owner Pays Taxes - Real EstateWaterInsuranceCommon Area Maintenance Ownership Interest Fee Simple Pool Expense 0.00 Possession Settlement Property Sub Type Triplex Rent Control YN No Sale Type Standard Section 08 Sewer Public Sewer Structure Design Type Interior Row/Townhouse Tax Annual Amount 670.96 Tax Assessment Amount 177567.00 Tax Lot 018 Total Actual Rent 50250.00 Transportation Metro/Subway Station Less Than 1 MileCommuter Rail Station Less Than 1 MileBus Stop Less Than 1 Mile Trash Expense 0.00 Vacation Rental YN No Water Average Monthly 75 Water Last12 Months 900.00 Water Source Public Window Features Energy EfficientDouble HungInsulatedLow-EScreensSliding Year Built Effective 2016 Zoning R-8 Zoning Description 3 Unit Residential

Listing courtesy of Execuhome Realty.


©2021 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 Crews Real Estate | EXP Realty. 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: 2021-11-29T15:51:39.57.
 
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