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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
- 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 is a five-unit multifamily property located in Madison Park, a centrally positioned Baltimore neighborhood just south of Bolton Hill and within close proximity to Downtown. The building includes one three-bedroom apartment, one two-bedroom apartment, and three one-bedroom apartments, a unit mix that aligns with ongoing rental demand in the area.
The apartments feature practical, easy-to-maintain finishes. Kitchens are equipped with a mix of butcher block and laminate countertops, wood cabinetry, and stainless steel sinks. Bathrooms include ceramic or vinyl tile flooring with a combination of modern vanities and pedestal sinks. Living areas are primarily hardwood, with some laminate plank flooring. Front-facing units have original wood windows, while vinyl replacement windows have been installed at the rear.
All five apartments include in-unit laundry, a feature that supports tenant retention and marketability.
The property is served by five electric meters and four gas meters, with an additional gas hook-up available. Heating systems vary by unit and include gas-fired forced-air furnaces, a mini-split system, and electric baseboard heat. The first-floor apartment shares a hot water heater, while the upper-floor units each have their own water heaters. Observable supply lines include copper, CPVC, and steel, with PVC drain lines.
The landlord currently pays electric and water/sewer. Two tenants are billed back $35 per month for water; expanding billbacks to the remaining units presents an opportunity to improve operating efficiency.
Madison Park is a renter-oriented neighborhood offering convenient access to Downtown Baltimore, Penn Station, and nearby amenities. Druid Hill Park and the Baltimore Zoo are located nearby, and the Reservoir Square redevelopment is expected to add grocery and retail options to the area.
The property has a Walk Score of 87, Bike Score of 72, and Transit Score of 92, reflecting strong access to transit and daily necessities.
The apartments feature practical, easy-to-maintain finishes. Kitchens are equipped with a mix of butcher block and laminate countertops, wood cabinetry, and stainless steel sinks. Bathrooms include ceramic or vinyl tile flooring with a combination of modern vanities and pedestal sinks. Living areas are primarily hardwood, with some laminate plank flooring. Front-facing units have original wood windows, while vinyl replacement windows have been installed at the rear.
All five apartments include in-unit laundry, a feature that supports tenant retention and marketability.
The property is served by five electric meters and four gas meters, with an additional gas hook-up available. Heating systems vary by unit and include gas-fired forced-air furnaces, a mini-split system, and electric baseboard heat. The first-floor apartment shares a hot water heater, while the upper-floor units each have their own water heaters. Observable supply lines include copper, CPVC, and steel, with PVC drain lines.
The landlord currently pays electric and water/sewer. Two tenants are billed back $35 per month for water; expanding billbacks to the remaining units presents an opportunity to improve operating efficiency.
Madison Park is a renter-oriented neighborhood offering convenient access to Downtown Baltimore, Penn Station, and nearby amenities. Druid Hill Park and the Baltimore Zoo are located nearby, and the Reservoir Square redevelopment is expected to add grocery and retail options to the area.
The property has a Walk Score of 87, Bike Score of 72, and Transit Score of 92, reflecting strong access to transit and daily necessities.
Faits sur la propriété
| Prix par unité | 129 105 $ CAD | Classe d’immeuble | B |
| Type de vente | Investissement | Taille du lot | 0,14 AC |
| Taux de capitalisation | 9,74% | Taille du bâtiment | 3 300 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 | Maison en ville | ||
| Zonage | R-8 - Autorisé pour 4 unités d'habitation; Licencié pour 5 unités d'habitation | ||
| Prix par unité | 129 105 $ 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 | Maison en ville |
| Classe d’immeuble | B |
| Taille du lot | 0,14 AC |
| Taille du bâtiment | 3 300 pi² |
| Occupation moyenne | 100% |
| Nombre d’étages | 3 |
| Année de construction | 1920 |
| Zone de développement économique |
Oui |
| Zonage | R-8 - Autorisé pour 4 unités d'habitation; Licencié pour 5 unités d'habitation |
Commodités
Commodités des unités
- Cuisine
- Réfrigérateur
- Four
- Fourchette
- Bain/Douche
Commodités du site
- Accès 24 heures
- CVCA contrôlé par le locataire
- Sans fumée
- Services en ligne
- Sans ascenseur
- Détecteur de fumée
Unité renseignements sur le mélange
| Description | Nombre d’unités | Loyer moyen/mois | pi² |
|---|---|---|---|
| 1+1 | 3 | 1 223 $ CAD | 1 |
| 2+1 | 1 | 1 291 $ CAD | 1 |
| 3+1 | 1 | 1 835 $ CAD | 1 |
Impôts fonciers
| Numéro de lot | 0378-028 | Évaluation des bâtiments | 76 498 $ CAD |
| Évaluation du terrain | 19 056 $ CAD | Évaluation totale | 95 554 $ CAD |
Impôts fonciers
Numéro de lot
0378-028
Évaluation du terrain
19 056 $ CAD
Évaluation des bâtiments
76 498 $ CAD
Évaluation totale
95 554 $ CAD
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