Se Connecter/S’inscrire
Votre courriel a été envoyé.
1407 McCulloh St
Baltimore, MD 21217
Immeuble residentiel Propriété À vendre
·
5 Unités
Certaines informations ont été traduites automatiquement.
FAITS SAILLANTS DE L'INVESTISSEMENT
- Located in Madison Park’s Strong Rental Market – 76% of residents in this neighborhood rent, providing a strong tenant pool and low vacancy rates.
- Increase Cash Flow – with organic rent increases, utility billbacks, or parking rent.
- In-unit Laundry – attracts modern tenants and helps obtain higher rents.
RÉSUMÉ DE L'ANNONCE
1407 McCulloh Street apartments offer simple, easy-to clean finishes with conveniences that appeal to modern-day tenants. Kitchens have a mix of butcher block and laminate countertops, wood cabinets, and stainless steel sinks. Bathrooms have a mix of modern vanities and pedestal sinks, with a mix of ceramic and vinyl tile floors. Most living areas have hardwood floors, with some laminate plank flooring. Front-facing windows are wood single pane; there are vinyl replacement windows in the rear.
Every unit has in-suite laundry, helping to boost monthly rent potential as well as rentability to the modern city resident.
Utilities:
There are five electric meters with 200 amp total service. There are four gas meters with one extra hook-up. Three apartments have gas-fired forced-air furnaces; one apartment has a mini-split system; and one apartment has electric baseboard heat. The first floor apartment shares a hot water heater; the upper floor apartments each have their own separate water heaters. Observable water supply lines are a mix of copper, c-pvc, and steel; observable drain lines are pvc.
The landlord currently pays for public service electric and the water/sewer bill. Two tenants are billed back for water at $35/month each; billbacks for the remaining three units would increase cash flow.
What’s Special About Madison Park:
Neighboring the prestigious Bolton Hill, Madison Park is a renter-heavy neighborhood where tenants enjoy close proximity to Penn Station and Downtown Baltimore. Nearby is the Reservoir Square development, which will provide grocery and retail outlets; and Druid Hill Park, home of the Baltimore Zoo.
1407 McCulloh Street has a WalkScore of 87, a BikeScore of 72, and a TransitScore of 92.
Investment Summary:
$475,000
$95,000 Per Unit
$144 Per Sq. Ft.
8.3 Times Gross Rents (Actual)
6.5 Times Gross Rents (Market)
9.74% Cap Rate
12.2% Projected Cash-on-Cash Return
Every unit has in-suite laundry, helping to boost monthly rent potential as well as rentability to the modern city resident.
Utilities:
There are five electric meters with 200 amp total service. There are four gas meters with one extra hook-up. Three apartments have gas-fired forced-air furnaces; one apartment has a mini-split system; and one apartment has electric baseboard heat. The first floor apartment shares a hot water heater; the upper floor apartments each have their own separate water heaters. Observable water supply lines are a mix of copper, c-pvc, and steel; observable drain lines are pvc.
The landlord currently pays for public service electric and the water/sewer bill. Two tenants are billed back for water at $35/month each; billbacks for the remaining three units would increase cash flow.
What’s Special About Madison Park:
Neighboring the prestigious Bolton Hill, Madison Park is a renter-heavy neighborhood where tenants enjoy close proximity to Penn Station and Downtown Baltimore. Nearby is the Reservoir Square development, which will provide grocery and retail outlets; and Druid Hill Park, home of the Baltimore Zoo.
1407 McCulloh Street has a WalkScore of 87, a BikeScore of 72, and a TransitScore of 92.
Investment Summary:
$475,000
$95,000 Per Unit
$144 Per Sq. Ft.
8.3 Times Gross Rents (Actual)
6.5 Times Gross Rents (Market)
9.74% Cap Rate
12.2% Projected Cash-on-Cash Return
FAITS SUR LA PROPRIÉTÉ
| Prix par unité | 130 684 $ CAD | Classe d’immeuble | B |
| Type de vente | Investissement | Taille du lot | 0,14 AC |
| Taux de capitalisation | 9,74% | Taille du bâtiment | 11 592 pi² |
| Multiplicateur du loyer brut | 6.4 | Occupation moyenne | 100% |
| Nombre d’unités | 5 | Nombre d’étages | 3 |
| Type de propriété | Immeuble residentiel | Année de construction | 1920 |
| Sous-type de propriété | Appartement | Zone de développement économique |
Oui
|
| Style d’appartement | De faible hauteur | ||
| Zonage | R-8 - Permitted for 4 Dwelling Units; Licensed for 5 Dwelling Units | ||
| Prix par unité | 130 684 $ CAD |
| Type de vente | Investissement |
| Taux de capitalisation | 9,74% |
| Multiplicateur du loyer brut | 6.4 |
| Nombre d’unités | 5 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Style d’appartement | De faible hauteur |
| Classe d’immeuble | B |
| Taille du lot | 0,14 AC |
| Taille du bâtiment | 11 592 pi² |
| Occupation moyenne | 100% |
| Nombre d’étages | 3 |
| Année de construction | 1920 |
| Zone de développement économique |
Oui |
| Zonage | R-8 - Permitted for 4 Dwelling Units; Licensed for 5 Dwelling Units |
UNITÉ RENSEIGNEMENTS SUR LE MÉLANGE
| DESCRIPTION | NOMBRE D’UNITÉS | LOYER MOYEN/MOIS | pi² |
|---|---|---|---|
| 3+1 | 1 | - | 772 |
| 2+1 | 1 | - | 1 041 |
| 1+1 | 3 | - | - |
1 de 43
VIDÉOS
VISITE EXTÉRIEURE 3D MATTERPORT
VISITE 3D MATTERPORT
PHOTOS
VUE DEPUIS LA RUE
RUE
CARTE
