SOLD JAN 29, 2021
RENTED JUN 24, 2024
2804 N Calvert St Baltimore, MD 21218
Charles Village Neighborhood
--
Bed
--
Bath
3,500
Sq Ft
1,968
Sq Ft Lot
Highlights
- 0.05 Acre Lot
- Wood Flooring
- 1 Car Detached Garage
- Traditional Architecture
- No HOA
- 3-minute walk to Margaret Brent Playground
About This Home
As of January 20212804 Calvert Street offers you the opportunity to own 5 apartments at an affordable price, earning positive cash flow from day one! These apartments are home to a mix of Johns Hopkins graduate students and long-term, stable market tenants. While these apartments are fully rented and provide positive cash flow, the rents are low and kitchens and bathrooms are older providing the opportunity to make improvements and increase the rents accordingly. This inviting porch-front building features exposed brick accent walls. Real hardwood floors appeal to today s tenants. The ceramic tile bathrooms are durable and reduce turnover costs. Metal garage in rear provides extra income. Water bills are passed through to tenants; owner pays for public service gas & electric. Building is served by gas-fired steam boiler, installed 2014.Centrally located in Charles Village, tenants enjoy an easy walk to Johns Hopkins University Homewood Campus, Union Memorial Hospital, and all the shops and restaurants that the neighborhood offers. Tenants love that this building offers a WalkScore of 89, a TransitScore of 62, and a BikeScore of 86, which means these apartments rent fast! Schedule an appointment to see this income-producing property today! Investment Summary: $420,000 $152 Per Sq. Ft. $84,000 Per Unit 8.4 Times Actual Rent (GRM) 8.1 Times Projected Rent (GRM) 7.37% Cap Rate 9.2% Projected Cash-on-Cash Return
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,481
Year Built
- Built in 1902
Lot Details
- 1,968 Sq Ft Lot
- Lot Dimensions are 16' x 123'
Parking
- 1 Car Detached Garage
- Rear-Facing Garage
Home Design
- Traditional Architecture
- Brick Exterior Construction
- Brick Foundation
- Rubber Roof
Flooring
- Wood
- Carpet
- Laminate
Partially Finished Basement
- Basement Fills Entire Space Under The House
- Basement with some natural light
Utilities
- Radiator
- Space Heater
- 200+ Amp Service
- Natural Gas Water Heater
Listing and Financial Details
- Tax Lot 003
- Assessor Parcel Number 0312163849 003
Community Details
Overview
- No Home Owners Association
Building Details
- Operating Expense $13,866
- Gross Income $51,660
- Net Operating Income $30,970
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 18, 2020
Closed on
Jan 28, 2021
Sold by
Real Estate Enterprises Llc
Bought by
Acdt Llc
Seller's Agent
Tom Fair
Ben Frederick Realty, Inc.
Buyer's Agent
Tom Fair
Ben Frederick Realty, Inc.
List Price
$420,000
Sold Price
$410,000
Premium/Discount to List
-$10,000
-2.38%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$105,385
Avg. Annual Appreciation
5.35%
Original Mortgage
$320,000
Interest Rate
2.6%
Mortgage Type
Commercial
Purchase Details
Closed on
Feb 1, 2002
Sold by
Gloss John J
Bought by
Agbu Patrick A and Agbu Rita I
Similar Homes in Baltimore, MD
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | Armour Settlement Svcs Llc | |
| Deed | $163,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $320,000 | Commercial | |
| Previous Owner | $255,650 | Stand Alone Second | |
| Previous Owner | $270,900 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/24/2024 06/24/24 | Rented | $1,195 | -7.7% | -- |
| 06/04/2024 06/04/24 | Price Changed | $1,295 | -7.2% | $1 / Sq Ft |
| 04/26/2024 04/26/24 | For Rent | $1,395 | 0.0% | -- |
| 06/07/2022 06/07/22 | Rented | $1,395 | 0.0% | -- |
| 06/07/2022 06/07/22 | Under Contract | -- | -- | -- |
| 06/07/2022 06/07/22 | For Rent | $1,395 | 0.0% | -- |
| 01/29/2021 01/29/21 | Sold | $410,000 | -2.4% | $117 / Sq Ft |
| 11/02/2020 11/02/20 | Pending | -- | -- | -- |
| 10/10/2020 10/10/20 | For Sale | $420,000 | 0.0% | $120 / Sq Ft |
| 08/28/2020 08/28/20 | Pending | -- | -- | -- |
| 03/25/2020 03/25/20 | Price Changed | $420,000 | -3.4% | $120 / Sq Ft |
| 03/11/2020 03/11/20 | For Sale | $435,000 | 0.0% | $124 / Sq Ft |
| 03/02/2020 03/02/20 | Pending | -- | -- | -- |
| 02/18/2020 02/18/20 | For Sale | $435,000 | -- | $124 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $6,022 | $256,400 | $0 | $0 |
| 2023 | $6,035 | $255,700 | $0 | $0 |
| 2022 | $6,018 | $255,000 | $90,000 | $165,000 |
| 2021 | $6,018 | $255,000 | $90,000 | $165,000 |
| 2020 | $6,378 | $270,267 | $0 | $0 |
| 2019 | $6,297 | $268,100 | $90,000 | $178,100 |
| 2018 | $6,326 | $268,067 | $0 | $0 |
| 2017 | $6,326 | $268,033 | $0 | $0 |
| 2016 | $5,273 | $268,000 | $0 | $0 |
| 2015 | $5,273 | $252,867 | $0 | $0 |
| 2014 | $5,273 | $237,733 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Ann Fechner
Seller's Agent in 2024
Ann Fechner
Cummings & Co Realtors
(443) 615-9211
70 Total Sales
-
Tom Fair
Seller's Agent in 2022
Tom Fair
Ben Frederick Realty, Inc.
(410) 235-5200
29 in this area
56 Total Sales
Map
Source: Bright MLS
MLS Number: MDBA500876
APN: 3849-003
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