2814 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: Ground Rent
• Exclusions: tenants' possessions
• Historic: No
• Home Warranty: No
• Inclusions: 2 dishwashers, 3 ranges, 3 refrigerators, 2 garbage disposals
• New Construction: No
• Year Built: 1902
• Automatically Close On Close Date: No
• Remarks Public: This brick townhome houses two updated apartments, and a third apartment that could be easily renovated to increase value. With upgraded plumbing and electrical systems, and separately metered utilities, 2814 North Calvert provides great bones and a stable start for an investor or owner-occupant buyer. Located just three blocks from Johns Hopkins University Homewood Campus, property values and potential tenant pool are anchored by this world-renowned institution. The first floor and second floor apartments are upgraded: their kitchens have granite countertops, stainless steel sinks with garbage disposals, gas ranges, and a mix of wood and laminate cabinets. Bathrooms feature stylish sinks, shower stalls, and ceramic tile floors. The majority of windows have been upgraded to double-pane vinyl replacement windows. Refurbished hardwood floors run through these apartments. The third floor apartment houses a long-term tenant. A new owner could keep the rent low and enjoy the steady income, or upgrade this apartment to increase property value and future rents. Tenants can utilize the free clothes washer & dryer in the basement. One-car parking is available in the rear. The first floor tenant enjoys a large rear deck. Each apartment is separately metered for gas and electric. The owner bills the tenants back for public service gas, electric, and water/sewer, maximizing cash flow for the landlord. 2814 North Calvert Street has 400-amp electric service, with 100 amps to each apartment. The water main is copper. Observable supply lines are copper and c-pvc; drain lines are a mix of pvc and steel. Both upper and lower roof are built-up. The apartments are served by one central gas-fired 50 gallon State Select water heater. Heat is provided steam radiators, and a gas-fired Burnham boiler. Tenants can walk to the Charles Village Shopping District, Johns Hopkins University Homewood Campus and Wyman Park. Just one block south is the Hopkins Shuttle Stop, providing an easy commute to Hopkins’ other Baltimore campuses. 2814 North Calvert Street earns the designation “Walker’s Paradise” with a WalkScore of 92, a TransitScore of 61, and a BikeScore of 87. 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. Investment Summary: $445,000 $148,333 Per Unit $161 Per Sq. Ft. 11.6 Times Actual Rent (GRM) 9.7 Times Market Rent (GRM) 7.54% Cap Rate 8.1% Projected Cash-on-Cash Return
• Special Features: None

Interior Features

• Flooring Type: Hardwood, Carpet
• Wall Ceiling Types: Plaster Walls
• Foundation Details: Brick/Mortar
• Basement: Yes
• Basement Type: Full, Partially Finished
• Total Sq Ft: 3777
• Living Area Sq Ft: 2758
• Price Per Sq Ft: 161.35
• Above Grade Finished Sq Ft: 2758
• Below Grade Sq Ft: 1019
• Total Below Grade Sq Ft: 1019
• Above Grade Finished Area Units: Square Feet
• Street Number Modifier: 2814

Exterior Features

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

Garage/Parking

• Garage: No
• Total Garage And Parking Spaces: 1
• Type Of Parking: Off Street
• Off Street Parking Spaces: 1

Utilities

• Central Air Conditioning: No
• 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

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: 196300.00
• Land Assessed Value: 90000.00
• Land Use Code: R
• Lot Size Acres: 0.05
• Lot Dimensions: 16' x 123'
• Lot Size Units: Square Feet
• Lot Sq Ft: 1968.00
• Property Condition: Good
• Year Assessed: 2022
• Zoning: R-8
• Zoning Description: Permitted for 3 Dwelling Units. Rental License Renewal Pending
• In City Limits: Yes

Rental Info

• Existing Lease Type: Month To Month, Yearly
• Ground Rent Amt: 90.00
• Ground Rent Exists: No
• Ground Rent Pymnt Freq: Semi-Annually
• Rent Control: No
• Total Actual Rent: 38520.00
• Units Leased Count: 3
• Vacation Rental: No

Tax Info

• Assessor Parcel Number: 12955259
• Tax Annual Amount: 6702.00
• Assessor Parcel Number: 0312163849 008
• Tax Lot: 008
• Tax Total Finished Sq Ft: 2758
• County Tax Payment Frequency: Annually
• Tax Data Updated: No
• Tax Year: 2022
• Close Date: 07/15/2022

Multi Family

• Gross Scheduled Income: 45870.00

MLS Schools

• School District Name: BALTIMORE CITY PUBLIC SCHOOLS