2022 N Calvert St Baltimore, MD 21218

Listing Details

• Property Type: Multi-Family
• Property Sub Type: Triplex
• Structure Type: Interior Row/Townhouse
• Architectural Style: Federal
• Accessibility Features: 36"+ Wide Halls
• Ownership: Fee Simple
• New Construction: No
• Year Built: 1890
• Year Renovated: 2016
• Automatically Close On Close Date: No
• Remarks Public: **Rent Income Just Increased $475/m above when first listed. Rent can be increased an additional $250/m when next below market unit renews. Present Cap Rate of 6.89 would increase to 7.33**. 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’s 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.  Waterproofing Basement System consisting of not only perimeter French style drain/sump pump system but also Basement Walls are Brick for the First 16”-20” 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 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.  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 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.
• Special Features: None

Interior Features

• Appliances: Oven/Range - Electric, Refrigerator, Built-In Microwave, Dishwasher, Disposal, Washer/Dryer Stacked, Exhaust Fan, Energy Efficient Appliances
• Flooring Type: Hardwood, Marble, Solid Hardwood
• Interior Amenities: Floor Plan - Open, Sprinkler System, Wood Floors, Upgraded Countertops, Tub Shower, Kitchen - Gourmet
• Window Features: Energy Efficient, Double Hung, Insulated, Low-E, Screens, Sliding
• Fireplace: No
• Door Features: Insulated
• Wall Ceiling Types: Dry Wall, 9'+ Ceilings, High
• Foundation Details: Concrete Perimeter, Brick/Mortar
• Room Count: 16
• Basement: Yes
• Basement Type: Full, Fully Finished, Daylight, Full, Walkout Level, Interior Access, Outside Entrance, Rear Entrance, Water Proofing System, Drainage System
• Total Sq Ft: 3196
• Living Area Sq Ft: 3196
• Price Per Sq Ft: 323.32
• Above Grade Finished Sq Ft: 2397
• Below Grade Finished Sq Ft: 799
• Total Below Grade Sq Ft: 799
• Above Grade Finished Area Units: Square Feet
• Street Number Modifier: 2022

Exterior Features

• Other Structures: Above Grade, Below Grade
• Construction Materials: Brick
• Roof: Flat, Rubber
• Water Access: No
• Waterfront: No
• Water Oriented: No
• Pool: No Pool
• Tidal Water: No
• Water View: No

Garage/Parking

• Garage: No
• Parking Features: Paved Driveway
• Total Garage And Parking Spaces: 2
• Type Of Parking: Driveway
• Number of Spaces in Driveway: 2

Utilities

• Central Air Conditioning: Yes
• Cooling Fuel: Electric
• Cooling Type: Heat Pump(s), Central A/C
• Monthly Average Electric: 23
• Previous Twelve Months Electric Expense: 276.00
• Electric Service: 220 Volts
• Heating Fuel: Electric
• Heating Type: Heat Pump(s)
• Heating: Yes
• Hot Water: Electric
• Security: Fire Detection System, Carbon Monoxide Detector(s), Smoke Detector, Sprinkler System - Indoor
• Sewer/Septic System: Public Sewer
• Monthly Water Average: 75
• Water Previous Twelve Months: 900.00
• Water Source: Public
• Municipal Trash: Yes

Schools

• School District: BALTIMORE CITY PUBLIC SCHOOLS
• School District Key: 121137830454
• School District Source: Listing Agent

Green Features

• Efficiency: Hvac, Appliances, Lighting

Lot Info

• Land Use Code: 003
• Lot Size Acres: 0.03
• Lot Dimensions: 17x85
• Lot Size Units: Square Feet
• Lot Sq Ft: 1449.00
• Property Condition: Excellent
• Year Assessed: 2021
• Zoning: R-8
• Zoning Description: 3 Unit Residential
• In City Limits: Yes

Rental Info

• Existing Lease Type: Yearly
• Ground Rent Exists: No
• Owner Pays: Taxes - Real Estate, Water, Insurance, Common Area Maintenance
• Rent Control: No
• Total Actual Rent: 55900.00
• Units Leased Count: 3
• Vacation Rental: No

Tax Info

• Tax Annual Amount: 670.96
• Assessor Parcel Number: 0312083808 018
• Tax Lot: 018
• Tax Total Finished Sq Ft: 2397
• County Tax Payment Frequency: Annually
• Tax Year: 2020
• Close Date: 02/28/2022

Multi Family

• Gross Income: 55900.00
• Gross Scheduled Income: 55900.00
• Other Units: Unit 1,Unit 2,Unit 3

MLS Schools

• School District Name: BALTIMORE CITY PUBLIC SCHOOLS