926 N Calvert Street
Baltimore, MD, 21202 $ 699,000
Baths0.0 Sq 3,600 Monthly Estimate*
$ 4,646
Studio
for $699,000. This 3,600 square foot building was built in 1920 on a lot size of 0.06.
Nestled in the heart of Mount Vernon, this charming 6-unit apartment building presents a great opportunity with its well-designed mix of large and small one-bedroom apartments, all with room for rental increases to achieve market rents. For the savvy investor, theres potential to further enhance cash flow by charging back heating and water costs. The property is designed for minimal upkeep during turnovers, ensuring a hassle-free management experience. Situated within easy reach of Penn Station, popular dining establishments, cultural museums, prestigious universities, eclectic shops, vibrant nightlife, and more. For $116,500 per unit, 926 North Calvert provides an affordable entry point for investing in Baltimore City and the vibrant Mount Vernon neighborhood. The kitchens in these practical apartments feature wood cabinets, laminate countertops, and stainless-steel sinks throughout, with some garbage disposals. Gas ranges vary in sizes: 20, 24 and 30. The interiors have a mix of wood paneling and plaster walls, with ceilings a combination of suspended grid and/or plaster. Living areas feature vinyl plank or laminate flooring, and kitchens offer sturdy options like vinyl plank, laminate, hardwood, or vinyl tile flooring. Four bathrooms have vinyl shower stalls with vinyl enclosures; two bathrooms have steel tubs; one with a vinyl tub surround and one with ceramic tile surround. All bathrooms have modern vanities. For added convenience, coin-operated laundry facilities in the basement simplify the daily routines of tenants. This Mount Vernon apartment investment property has one heating system and one water heater. A gas-fired hot water boiler (1982) serves heating for the building via radiator heat. A 72-gallon, gas-fired water heater (2016) provides hot water to all apartments. With 7 gas meters and 7 electric meters, tenants pay their own gas and electric costs and are responsible for their own window air conditioning units. Water and heat are currently paid by the landlord, but instilling a routine utility bill-back system would significantly increase cash flow. Vinyl replacement windows throughout the building keep utility costs low for tenants. With upgrades as necessary, most observable interior water supply lines are copper, with some C-PVC. Interior drain lines are mostly PVC, with a few staggered steel drains. It comes as no surprise that 926 North Calvert boasts an impressive Walk Score of 98 out of 100. Nestled in Mount Vernon, this investment property is strategically located just a few blocks away from Baltimore Penn Station. This Amtrak hub is currently in the midst of a significant redevelopment, poised to remain a powerful economic catalyst for the neighborhoods ongoing growth and prosperity. Within mere minutes from their doorstep, tenants have the opportunity to immerse themselves in the vibrant cultural scene, with captivating shows at renowned venues such as The Lyric, Center Stage, or The Meyerhoff Symphony Hall. Moreover, the area offers a delectable array of high-end restaurants, enriching museums, and prestigious universities, including the distinguished University of Baltimore School of Law & Maryland Institute College of Arts (MICA).
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FeaturesInteriorHeating Fuel Natural Gas
Hot Water Natural Gas
Heating Y/N Y
Street Suffix STREET
Central Air Y/N N
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GeneralSewer Public Sewer
Heating Hot Water
Cooling Window Unit(s)
Possession Subject to Existing Lease Settlement
Zoning OR-2
Construction Materials Brick
Exclusions Tenant's possessions excluded.
Year Built 1920
Electric 200+ Amp Service
Property SubType Five Or More Units
Tax Year 2023
Percent Ownership Fee Simple
Cool Fuel Electric
Municipality Baltimore City
Business Type Apartment Building
Accessibility None
County BALTIMORE CITY
New Construction N
Property Type Commercial Sale
Subdivision Name MOUNT VERNON PLACE HISTORIC DISTRICT
Water Access Y/N N
Status PENDING
Directions GPS
City BALTIMORE
Buyer Agent Compensation 2.5
Zoning Description Licensed for 6 Dwelling Units.
Total Units 6
Lot Size Square Feet 2399.00
Waterfront Y/N N
Street Name CALVERT
Tax Annual Amount 11036.0
Price Per Sq Ft 194.17
Vacation Rental Y/N N
Days on Market 84
Standard Status Pending
Year Built Source Estimated
Legal Subdivision Ward 11
Tax Lot 008
Buyer Agent Compensation Type % Of Gross
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ExteriorWater Source Public
Inclusions 6 gas ranges 6 refrigerators 1 clothes washer and 1 clothes dryer
Type of Parking On Street Parking Lot
Water View Y/N N
Building Area Total 3600.00
Lot Size Acres 0.06
Lot Size Units Square Feet
Lot Size Source Assessor
Land Assessed Value 131900.00
Navigable Water Y/N N
Water Oriented Y/N N
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* Excluded FeaturesList ByBen Frederick Realty, Inc.Broker
will@benfrederick.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $4,646
- Monthly Property Taxes
- $920
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Baltimore, MD
Average List Price $699,833
Percent of Sale Price 0%
About Baltimore, MD 611,326 Population
-6% Since 2002
$ 46,538 Median Income
36.71 Median Age
22% Households with Children
Trends Information provided by ATTOM Data Solutions.
2136830 Elementary School
2137124 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
2/3/2024 | $699,000 | | Listed Price |