Exceptional opportunity to purchase a residential building currently configured into 4 dwelling units, conveniently located in the "Franklin Square" community of Baltimore City.
Please note that the owner does not have an MFD License for this property.
The unit mix consists of:
• 2 - Two-Bedroom units
• 1 - One-Bedroom unit
• 1 - Studio
• Unit 1: 2-bedroom/1 full bath unit on 1st floor - Currently vacant.
• Unit 2F: Studio unit on 2nd floor - Currently rented for $400/month. Tenant move-in date of 11/01/2016.
• Unit 2R: 2-bedroom/1 full bath unit on 2nd floor - Currently vacant.
• Unit 3F: 1-bedroom/1 full bath unit on 3rd floor - Currently rented for $500/month. Tenant move-in date of 07/06/2016.
Gross Scheduled Monthly Rent = $900/month
Gross Scheduled Annual Rent = $10,800/year
Gross Potential Monthly Rent (using $600/month for each vacant unit) = $2,100/month
Gross Potential Annual Rent (using $600/month for each vacant unit) = $25,200
The basement is full, unfinished and includes one gas forced-air furnace, 2 gas fired hot water heaters, 4 electric meters and 3 gas meters.
Typical finishes for the units include wood, vinyl tile and ceramic tile floors; plaster and drywall walls; drywall, plaster and drop-tile ceilings.
Heat is provided by gas fired forced-air systems (Unit 1 & 2R) and Gas Fired Space Heaters (Unit 2F & 3F).
The building is in need of renovation but has enormous potential!
