Description

Turnkey immediate income producing property. this is a fantastic opportunity to own a well-maintained, rowhouse—perfect for investors or owner-occupants seeking additional rental income or desiring a multi-generational living. this versatile property features 3 bedrooms, a den & 1 full bathroom with a second unit occupying the fully finished, newly renovated basement complete with a 4th bedroom, full bath, and a kitchen with its own private street entrance and a second door to access the garden. this property already provides an instant rental income of $1600/month with the opportunity to rent the 3rd floor for an additional $850/month, estimating a potential income of $2,400.00/month. current tenants are interested in renewing their lease.
the most beautiful thing about this property is its location. in the historic neighborhood of historic pigtown on a cobblestone, one-way, quiet street, next to the smithsonian institution's b&o railroad museum. this is the birthplace of american railroading. it was here at this very spot where the first stone of the railroad was laid, where the nation's first mile of commercial railroad was constructed. antique train carriages are in plain view and the windows are carefully positioned so one can enjoy this unique view from each one.
this 4 bedroom, 2 full baths, open floor plan home is a little paradise within the hustle and bustle of the city with over $100,000 of upgrades and renovations (plumbing, electrical, sewer line, a rubber roof with 40-50 years life expectancy, quart pre-fab countertops, metal security storm doors, renovated basement bathroom, a home warranty, deck, new fence and a lot more).
a beautiful deck off the main kitchen leads to a gorgeous deck and a lush garden complete with its own gazebo. there are over 5 graduate schools (university of maryland: medical school, dental school, business school, nursing school, and law school ), all within walking distance thus this neighborhood is filled with vibrant energy, gorgeous cobblestone streets, murals, and plenty of dogs to meet on your way to class. this property is less than a mile from inner harbor, federal hill, biopark, and the ravens and orioles stadium. it is conveniently situated close to mlk, i-95, i-395, bwi, and camden marc line, where you can easily access dc. if you qualify for the "live where you work" program, there are grants made available by the city of baltimore that can assist with the down payment and/or closing cost.
the property can be sold with the renters and used as an income-producing investment or it can be delivered empty. the seller is flexible.

• Property Type

  Residential

• Subdivision

  Pigtown Historic District

• County

  BALTIMORE CITY

• Style

  Federal

• AD ID

  49924201