NOT LISTED FOR SALE
-- Bed
6 Baths
5,906 Sq Ft
3,318 Sq Ft Lot

Last Sold April 03, 2020

Last sale price $590,000 $100 Per Sq Ft

22 Days on Market

Highlights

  • 0.08 Acre Lot
  • Wood Flooring
  • Wood Frame Window
  • Traditional Architecture
  • No HOA
  • Skylights

About This Home

As of April 2020

If you re searching for your winter project, look no further! This 4-unit, 5,700 sq. ft. apartment building has property values and rents anchored by Johns Hopkins University Homewood Campus, just two blocks away. Three apartments have four bedrooms, two baths, a full kitchen and a rough-in kitchen each. These are perfect for large groups of renters who pay top dollar for units this close to campus. Fourth apartment is a two-bedroom, one bath in the basement, which could be converted to a three-bedroom. All units are in livable condition, but renovation opportunities include mordernizing kitchens, baths, flooring, and windows; re-configuring floor plan; separating HVAC & water heaters; and upgrading plumbing and electrical.Call me to discuss the details of this opportunity! INVESTMENT SUMMARY: $675,000 List Price$118 Price Per Sq. Ft. $440,000 Suggested Renovation8.8 Times Projected Annual Rent (GRM) 9.0% Cap Rate 14.9% Projected cash-on-cash return on investment, after renovation

Last Agent to Sell the Property

Tom Fair

Ben Frederick Realty, Inc. Listed on: 10/29/2019

Last Buyer's Agent

Mark Simone

Keller Williams Legacy License #35186

Keller Williams Legacy

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,071

Year Built

  • Built in 1900

Lot Details

  • 3,318 Sq Ft Lot
  • Back Yard
  • Property is in below average condition

Home Design

  • Quadruplex
  • Traditional Architecture
  • Fixer Upper
  • Brick Exterior Construction
  • Stone Foundation
  • Plaster Walls
  • Wood Walls
  • Rubber Roof

Interior Spaces

  • Ceiling height of 9 feet or more
  • Skylights
  • Double Hung Windows
  • Bay Window
  • Wood Frame Window
  • Gas Oven or Range

Flooring

  • Wood
  • Carpet
  • Laminate
  • Ceramic Tile
  • Vinyl

Laundry

  • Dryer
  • Washer

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Interior and Rear Basement Entry
  • Basement with some natural light

Parking

  • 2 Open Parking Spaces
  • Off-Street Parking

Utilities

  • Radiator
  • 200+ Amp Service
  • Natural Gas Water Heater
  • Municipal Trash

Listing and Financial Details

  • The owner pays for insurance, repairs, real estate taxes, water
  • Tax Lot 016
  • Assessor Parcel Number 0312163851 016

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • 4-Story Building
  • Charles Village Subdivision

Building Details

  • 3 Vacant Units
  • Income includes apartment rentals
  • Insurance Expense $2,400
  • Maintenance Expense $5,000
  • Other Expense $4,440
  • Operating Expense $17,598
  • Gross Income $126,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,071

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Exclusions: tenant's possessions
  • Home Warranty: No
  • New Construction: No
  • Other Expense: 4440.00
  • Year Built: 1900
  • Remarks Public: If you re searching for your winter project, look no further! This 4-unit, 5,700 sq. ft. apartment building has property values and rents anchored by Johns Hopkins University Homewood Campus, just two blocks away. Three apartments have four bedrooms, two baths, a full kitchen and a rough-in kitchen each. These are perfect for large groups of renters who pay top dollar for units this close to campus. Fourth apartment is a two-bedroom, one bath in the basement, which could be converted to a three-bedroom. All units are in livable condition, but renovation opportunities include mordernizing kitchens, baths, flooring, and windows; re-configuring floor plan; separating HVAC & water heaters; and upgrading plumbing and electrical.Call me to discuss the details of this opportunity! INVESTMENT SUMMARY: $675,000 List Price$118 Price Per Sq. Ft. $440,000 Suggested Renovation8.8 Times Projected Annual Rent (GRM) 9.0% Cap Rate 14.9% Projected cash-on-cash return on investment, after renovation
  • Special Features: None

Interior Features

  • Appliances: Dryer, Washer, Oven/Range - Gas, Refrigerator
  • Flooring Type: Hardwood, Ceramic Tile, Carpet, Vinyl, Laminated
  • Interior Amenities: Skylight(s), Wood Floors
  • Window Features: Wood Frame, Double Hung, Bay/Bow, Skylights
  • Wall Ceiling Types: 9'+ Ceilings, Plaster Walls, Dry Wall, Wood Walls
  • Foundation Details: Stone
  • Basement: Yes
  • Basement Type: Full, Partially Finished, Rear Entrance, Daylight, Partial, Interior Access
  • Total Sq Ft: 6406
  • Living Area Sq Ft: 5906
  • Price Per Sq Ft: 140.45
  • Above Grade Finished Sq Ft: 4806
  • Below Grade Finished Sq Ft: 1100
  • Below Grade Sq Ft: 500
  • Total Below Grade Sq Ft: 1600
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 2934

Exterior Features

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

Garage/Parking

  • Garage: No
  • Open Parking Spaces Count: 2
  • Type Of Parking: Off Street

Utilities

  • Central Air Conditioning: No
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Radiator
  • 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: 252000.00
  • Land Assessed Value: 90000.00
  • Land Use Code: 003
  • Lot Features: Rear Yard
  • Lot Size Acres: 0.08
  • Lot Dimensions: 18'x184'4"
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3317.94
  • Property Condition: Below Average, Major Rehab Needed
  • Year Assessed: 2019
  • Zoning: R-8
  • Zoning Description: 4 dwelling units
  • In City Limits: Yes

Rental Info

  • Existing Lease Type: Month To Month
  • Ground Rent Exists: No
  • Number Of Units Month To Month: 1
  • Owner Pays: Insurance, Repairs, Taxes - Real Estate, Water
  • Rent Control: No
  • Total Actual Rent: 10200.00
  • Units Leased Count: 1
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 12955339
  • Tax Annual Amount: 8071.00
  • Assessor Parcel Number: 0312163851 016
  • Tax Lot: 016
  • Tax Total Finished Sq Ft: 4806
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2019
  • Close Date: 04/03/2020

Multi Family

  • Number Of Units Vacant: 3
  • Gross Income: 10200.00
  • Gross Scheduled Income: 126000.00
  • Income Includes: Apartment Rentals
  • Operating Expense: 17598.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 3

MLS Schools

  • School District Name: BALTIMORE CITY PUBLIC SCHOOLS

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/03/2020 04/03/20 Sold $590,000 -12.6% $100 / Sq Ft
11/20/2019 11/20/19 Pending -- -- --
10/29/2019 10/29/19 For Sale $675,000 -- $114 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: MDBA489916

Bright MLS

APN: 12-16-3851 -016