Baltimore, MD 21218,2814 N CALVERT ST
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Baltimore, MD 21218,2814 N CALVERT ST
Baltimore, MD 21218,2814 N CALVERT ST
Baltimore, MD 21218,2814 N CALVERT ST
Baltimore, MD 21218,2814 N CALVERT ST

$435,000

Est. payment /mo

$445,000

2.2%
Est.Price: ?

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2814 N CALVERT ST Baltimore, MD 21218

2,758 SqFt

SOLD DATE : 07/15/2022

Key Details

Sold Price $435,000

Property Type Multi-Family

Sub Type Interior Row/Townhouse

Listing Status Sold

Purchase Type For Sale

Square Footage 2,758 sqft

Price per Sqft $157

Subdivision Charles Village

MLS Listing ID MDBA2041476

Sold Date 07/15/22

Style Traditional

Abv Grd Liv Area 2,758

Originating Board BRIGHT

Year Built 1902

Annual Tax Amount $6,702

Tax Year 2022

Lot Size 1,968 Sqft

Acres 0.05

Lot Dimensions 16' x 123'

Property Description

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 Walkers 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

Location

State MD

County Baltimore City

Zoning R-8

Rooms

Basement Full, Partially Finished

Interior

Hot Water Natural Gas

Heating Radiator, Steam

Cooling None

Flooring Hardwood, Carpet

Heat Source Natural Gas

Exterior

Garage Spaces 1.0

Water Access N

Roof Type Built-Up

Accessibility None

Total Parking Spaces 1

Garage N

Building

Foundation Brick/Mortar

Sewer Public Sewer

Water Public

Architectural Style Traditional

Additional Building Above Grade, Below Grade

Structure Type Plaster Walls

New Construction N

Schools

School District Baltimore City Public Schools

Others

Tax ID 0312163849 008

Ownership Ground Rent

SqFt Source Estimated

Acceptable Financing FHA, Cash, Conventional, Exchange, Private

Listing Terms FHA, Cash, Conventional, Exchange, Private

Financing FHA,Cash,Conventional,Exchange,Private

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Thomas Fair • Ben Frederick Realty, Inc.
Bought with Lola Slater • EXP Realty, LLC

Kerry O'Hara

Advisor | License ID: 651712

+1(410) 507-0834

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