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1025 St. Paul St 4 Unit Apartment Building $1,175,000 ($293,750/Unit) Baltimore, MD 21202
INVESTMENT HIGHLIGHTS
- Unique fully renovated EXPANSIVE UNITS 10 Parking Spaces EXCELLENT LOCATION COMPLETELY TURN KEY
EXECUTIVE SUMMARY
Major Price Improvement to Sell. Truly Magnificent Huge 4 Unit building sprawling over 8800+ square feet in Historic Mount Vernon. High end renovation where no expense has been spared.. Separate HVAC in every unit. Building has elevator ready if desired. Solid financial history, fully occupied. Long term tenants. Four huge apartments between 1,700 and 2,300 square feet each, There is (1) three bedroom unit and (3) four bedroom units with hardwood floors, granite counter tops, stainless steel appliances, washer dryer, high ceilings and open floor plans. Ample parking in rear includes (10) parking spots on site. Excellent addition to your portfolio. Turn-key investment, little maintenance.POF required to show.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$134,232
|
$15.18
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$134,232
|
$15.18
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$48,811
|
$5.52
|
| Net Operating Income |
$85,421
|
$9.66
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $134,232 |
| Annual Per SF | $15.18 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $134,232 |
| Annual Per SF | $15.18 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $48,811 |
| Annual Per SF | $5.52 |
| Net Operating Income | |
|---|---|
| Annual | $85,421 |
| Annual Per SF | $9.66 |
PROPERTY FACTS Under Contract
| Price | $1,175,000 | Building Class | B |
| Price Per Unit | $293,750 | Lot Size | 0.06 AC |
| Sale Type | Investment | Building Size | 8,844 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1900/1998 |
| Property Subtype | Apartment | Parking Ratio | 1.13/1,000 SF |
| Apartment Style | Mid-Rise | ||
| Zoning | OR-2 - Office Building — Residential Zone that permits moderate-density residential development and mixed office/residential uses | ||
| Price | $1,175,000 |
| Price Per Unit | $293,750 |
| Sale Type | Investment |
| Sale Condition | 1031 Exchange |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.06 AC |
| Building Size | 8,844 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1900/1998 |
| Parking Ratio | 1.13/1,000 SF |
| Zoning | OR-2 - Office Building — Residential Zone that permits moderate-density residential development and mixed office/residential uses |
AMENITIES
UNIT AMENITIES
- Storage Space
SITE AMENITIES
- Controlled Access
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 1 | - | - |
| 4+2 | 3 | - | - |
1 1
Walk Score®
Walker's Paradise (97)
Transit Score®
Rider's Paradise (99)
Bike Score®
Very Bikeable (82)
PROPERTY TAXES
| Parcel Number | 0507-032 | Improvements Assessment | $799,400 (2025) |
| Land Assessment | $324,000 (2025) | Total Assessment | $1,123,400 (2025) |
PROPERTY TAXES
Parcel Number
0507-032
Land Assessment
$324,000 (2025)
Improvements Assessment
$799,400 (2025)
Total Assessment
$1,123,400 (2025)
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1025 St. Paul St
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