2740 N Calvert St Baltimore, MD 21218

Listing Details

• Property Type: Multi-Family
• Property Sub Type: Triplex
• Structure Type: Interior Row/Townhouse
• Architectural Style: Traditional
• Ownership: Fee Simple
• Exclusions: tenants' possessions
• Inclusions: 3 ranges, 3 refrigerators, 2 dishwashers, 1 clothes washer/dryer
• New Construction: No
• Year Built: 1900
• Automatically Close On Close Date: No
• Building Winterized: No
• Remarks Public: Enter the Charles Village rental property market at an affordable entry point with this 3-unit building. These one-bedroom apartments are easy to manage, separately metered, and well-maintained. 2740 Calvert also presents the opportunity for an owner-occupant investor to live in one apartment and rent the others. Kitchens feature upgraded stainless steel appliances and sturdy finishes in laminate countertops and cabinets. Two of the units have dishwashers, making clean up easy and convenient for tenants. Some of the bathrooms have been modernized with ceramic tile floors and tub enclosures, and modern vanities. Hardwood floors run throughout the living areas and bedrooms. Tenants enjoy use of the front porch and fenced backyard. Each apartment is separately metered for gas and electric. Public service utilities, including those for hot water, heat, laundry, public electric, and cold water/sewer, are passed through to the tenants–an ideal setup that saves money for the landlord and gives the tenants a sense of responsibility for their utility consumption. Full-sized clothes washer and dryer are available to all in the common area of the first floor lobby. 2740 Calvert has 200-amp electric service, and four electric meters. There are four gas meters. The water main is copper, and observable water supply lines are a mix of copper, c-pvc and steel. All apartment windows have been upgraded to double-pane, double-hung vinyl replacement windows. The property utilizes a Weil-McLain steam boiler for heat, and a 50-gallon AO Smith water heater. Tenants can walk to the Charles Village Shopping District, Johns Hopkins University Homewood Campus and Wyman Park. Just one block west is the Hopkins Shuttle Stop, providing an easy commute to Hopkins’ other Baltimore campuses. 2740 N Calvert St earns the designation “Walker’s Paradise” with a WalkScore of 91, and a TransitScore of 58. This block is patrolled by Hopkins campus security, and is served by the Charles Village Benefits District. This nonprofit organization helps keep the district clean, organizes security patrols, and hosts community events. Apt 1 Rent = $950 Apt 2 Rent = $1,150 Apt 3 vacant $395,000 Investment Offering $131,667 Per Unit $171 Per Sq. Ft. 14.6 Times Actual Rent (GRM) 9.6 Times Market Rents (GRM) 7.14% Cap Rate 10.3% Projected Cash-on-Cash Return
• Special Features: None

Interior Features

• Flooring Type: Hardwood
• Wall Ceiling Types: Plaster Walls
• Basement: Yes
• Basement Type: Full, Unfinished
• Total Sq Ft: 2314
• Living Area Sq Ft: 2314
• Price Per Sq Ft: 170.70
• Above Grade Finished Sq Ft: 2314
• Above Grade Finished Area Units: Square Feet
• Street Number Modifier: 2740

Exterior Features

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

Garage/Parking

• Garage: No
• Type Of Parking: On Street

Utilities

• Central Air Conditioning: No
• Cooling Fuel: Electric
• Cooling Type: Window Unit(s)
• Electric Service: 200+ Amp Service
• Heating Fuel: Natural Gas
• Heating Type: Radiator, Steam
• Heating: Yes
• Hot Water: Natural Gas
• Sewer/Septic System: Public Sewer
• Water Source: Public
• Municipal Trash: Yes

Condo/Co-op/Association

• HOA: No
• Association Recreation Fee: No

Schools

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

Green Features

• Clean Green Assessed: No

Lot Info

• Improvement Assessed Value: 164800.00
• Land Assessed Value: 90000.00
• Land Use Code: 003
• Lot Size Acres: 0.05
• Lot Dimensions: 16'6" x 123'
• Lot Size Units: Square Feet
• Lot Sq Ft: 2030.00
• Property Condition: Very Good
• Year Assessed: 2021
• Zoning: R-8
• Zoning Description: Permitted Use: 3 Dwelling Units
• In City Limits: Yes

Rental Info

• Existing Lease Type: Month To Month, Yearly
• Ground Rent Exists: No
• Rent Control: No
• Units Leased Count: 2
• Vacation Rental: No

Tax Info

• Assessor Parcel Number: 12955131
• Tax Annual Amount: 5922.00
• Assessor Parcel Number: 0312163842 021
• Tax Lot: 021
• Tax Total Finished Sq Ft: 2314
• County Tax Payment Frequency: Annually
• Tax Data Updated: No
• Tax Year: 2021
• Close Date: 09/15/2021

Multi Family

• Other Units: Unit 1,Unit 2,Unit 3

MLS Schools

• School District Name: BALTIMORE CITY PUBLIC SCHOOLS