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1724 Saint Paul Street

BALTIMORE, MD 21202
  • $2,250,000
  • STATUS: Active
  • ON SITE: 74 Days
  • ID#: MDBA2107966
UPDATED: 44 min ago
$2,250,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1900
County:

School Ratings & Info

Description

ASSUMABLE DEBT! ATTENTION INVESTORS! 3 PROPERTY PORTFOLIO SALE TOTALING 14 APARTMENTS, 1 OFFICE, 1.15MM ASSUMABLE DEBT 3.75% INTEREST PLUS TRANSACTION COSTS FOR QUALIFIED BUYERS! DEBT RESETS Q4 2025 AT 5 YEAR INTERVALS. LOAN MATURITY 2050. FULLY OCCUPIED AND PROFESSIONALLY MANAGED. PROPERTY DETAILS:*****108 W. Saratoga Street is an 8-unit building containing 7 apts and 1 office located in the central business district of Baltimore City close to historic Mt. Vernon and the central corridors of Charles St and Saint Paul St. The units consist of a mix of a one and two bedroom units, and a commercial space currently used as maintenance storage. The building was completely renovated top to bottom in 2018. Features include all new plumbing, electric, HVAC, windows, and more. The interiors of the units include central AC, upgraded kitchens with granite and stainless steel appliances, new hardwood flooring, washer/dryers and more. There are 5 parking spaces with the building and the property is close to all amenities. About 5 years remain on the Chap tax Credit. Major bus lines including the purple line of the circulator travel through the neighborhood. A mix of office, retail, and residential, the central business district is home to a variety of institutions and close to the Johns Hopkins University, Walters Art Museum, University of Baltimore, Maryland Historical Society, Maryland Institute College of Arts, CFG Arena, and more.*****2121 Saint Paul Street is a historic 3 unit building with large 2 bed 1 bath apartments. The building was given a facelift renovation in 2016 with new kitchens, bathrooms, flooring, paint, the addition of washer dryers, and more. The high demand for affordable housing in the area along with its fantastic proximity to local transit and local universities such as Johns Hopkins and Maryland College for the Arts (MICA) just down the street make this a popular rental for young professionals and students. The property is positioned for long term appreciation given the location and unit sizes, and the trajectory of the neighborhood.*****1724 Saint Paul Street is a historic 4 unit building with (3) 1 bed 1 bath apartments, and a large 2-level, 3 bed 3 bath apartment. The building was gut renovated in 2017 with all new plumbing, electric, kitchens, bathrooms, flooring, paint, the addition of washer dryers, hardwood flooring, and more. The high demand for affordable housing in the area along with its fantastic proximity to local transit such as Penn Station, and local universities such as Johns Hopkins and Maryland College for the Arts (MICA) just down the street make this a popular rental for young professionals and students. About 5 years remain on the Chap Tax credit. Agent is part of ownership entity.

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©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Redstone Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-02-21T22:52:00.027.
www.redstonerealty.us/homes/145925942
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1724 Saint Paul Street BALTIMORE, MD 21202

  • Price: $2,250,000
  • Status: Active
  • On Site: 74 Days
  • Updated: 44 min ago
  • ID#: MDBA2107966
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1900
Built
County:
Baltimore City
School District:
Baltimore City Public Schools
Property Description
ASSUMABLE DEBT! ATTENTION INVESTORS! 3 PROPERTY PORTFOLIO SALE TOTALING 14 APARTMENTS, 1 OFFICE, 1.15MM ASSUMABLE DEBT 3.75% INTEREST PLUS TRANSACTION COSTS FOR QUALIFIED BUYERS! DEBT RESETS Q4 2025 AT 5 YEAR INTERVALS. LOAN MATURITY 2050. FULLY OCCUPIED AND PROFESSIONALLY MANAGED. PROPERTY DETAILS:*****108 W. Saratoga Street is an 8-unit building containing 7 apts and 1 office located in the central business district of Baltimore City close to historic Mt. Vernon and the central corridors of Charles St and Saint Paul St. The units consist of a mix of a one and two bedroom units, and a commercial space currently used as maintenance storage. The building was completely renovated top to bottom in 2018. Features include all new plumbing, electric, HVAC, windows, and more. The interiors of the units include central AC, upgraded kitchens with granite and stainless steel appliances, new hardwood flooring, washer/dryers and more. There are 5 parking spaces with the building and the property is close to all amenities. About 5 years remain on the Chap tax Credit. Major bus lines including the purple line of the circulator travel through the neighborhood. A mix of office, retail, and residential, the central business district is home to a variety of institutions and close to the Johns Hopkins University, Walters Art Museum, University of Baltimore, Maryland Historical Society, Maryland Institute College of Arts, CFG Arena, and more.*****2121 Saint Paul Street is a historic 3 unit building with large 2 bed 1 bath apartments. The building was given a facelift renovation in 2016 with new kitchens, bathrooms, flooring, paint, the addition of washer dryers, and more. The high demand for affordable housing in the area along with its fantastic proximity to local transit and local universities such as Johns Hopkins and Maryland College for the Arts (MICA) just down the street make this a popular rental for young professionals and students. The property is positioned for long term appreciation given the location and unit sizes, and the trajectory of the neighborhood.*****1724 Saint Paul Street is a historic 4 unit building with (3) 1 bed 1 bath apartments, and a large 2-level, 3 bed 3 bath apartment. The building was gut renovated in 2017 with all new plumbing, electric, kitchens, bathrooms, flooring, paint, the addition of washer dryers, hardwood flooring, and more. The high demand for affordable housing in the area along with its fantastic proximity to local transit such as Penn Station, and local universities such as Johns Hopkins and Maryland College for the Arts (MICA) just down the street make this a popular rental for young professionals and students. About 5 years remain on the Chap Tax credit. Agent is part of ownership entity.
Exterior Features

Construction Materials Brick Garage YN No Parking Types Driveway Property Condition Very Good Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 3264.00 Cooling Central A/C Heating Central Heating YN Yes Net Square Feet 0.00

Property Features

Accessibility Features None Assessment Year 2023 Business Type Apartment Building Central Air YN Yes Cooling Fuel Electric Gross Income 218332.00 Heating Fuel Electric Historic YN Yes Hot Water Electric Municipality Baltimore City Navigable Water YN N Net Operating Income 158957.00 New Construction YN No Number Of Units Total 14 Original MLSNumber 802768736720 Ownership Interest Fee Simple Possession Settlement Property Sub Type Five Or More Units Sale Type Standard Sewer Public Sewer Tax Annual Amount 5540.00 Tax Assessment Amount 234733.00 Tax Lot 019 Total Actual Rent 229823.00 Vacation Rental YN No Water Source Public Year Built Effective 2017 Zoning OR-1

Listing courtesy of Permira Realty, LLC: .


©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Redstone Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-02-21T22:52:00.027.
 
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