5 Beds
3 Baths
2,282 SqFt
5 Beds
3 Baths
2,282 SqFt
Key Details
Property Type Single Family Home, Townhouse
Sub Type Twin/Semi-Detached
Listing Status Active
Purchase Type For Sale
Square Footage 2,282 sqft
Price per Sqft $59
Subdivision Brooklyn
MLS Listing ID MDBA2233138
Style Victorian
Bedrooms 5
Full Baths 3
HOA Y/N N
Abv Grd Liv Area 1,632
Year Built 1923
Annual Tax Amount $2,950
Tax Year 2026
Lot Size 871 Sqft
Acres 0.02
Property Sub-Type Twin/Semi-Detached
Source BRIGHT
Property Description
THE RENT: Comparable 5BR rentals on and near 3rd St are asking $2,600 to $3,100/mo. A same-block 5BR/3BA has marketed at $2,900/mo and a 5BR/4BA on 4th St at $3,100/mo.
THE RETURN (estimates): At $2,800/mo = $33,600 gross per year. That is a 4.0 GRM and 2.07% rent-to-price. After 5% vacancy, est. taxes ($2,600), insurance, maintenance, management and capex reserves, est. NOI is about $20,600 = approx 15.3% cap rate on the $135K price. Conservative case at $2,600/mo = approx 14.0%. At $3,100/mo = approx 17.3%.
ALL-IN: Add a $40K rehab and your basis is $175K at an est. 11.8% cap. A $60K rehab puts you at $195K and an est. 10.6% cap.
UPSIDE: By-the-room rentals on this block have marketed at $875 per room all-in. Five rooms would gross about $4,375/mo (buyer to verify zoning, occupancy limits and rental licensing).
EXIT: Recent 3rd St sales have ranged from $167K to $215K, so there is room to build equity for BRRRR or flip buyers once the work is done.
THE DEAL: Hardwoods are already in place. 3 full baths mean fewer tenant conflicts and a wider tenant pool. Sold strictly AS-IS, no repairs and no warranties. Cash or renovation financing recommended.
All figures are estimates, not guarantees. Buyer to verify rents, taxes, zoning, condition and all information.
Location
State MD
County Baltimore City
Zoning R-6
Rooms
Other Rooms Living Room, Kitchen, Laundry, Bonus Room
Basement Connecting Stairway, Partially Finished, Rear Entrance
Main Level Bedrooms 1
Interior
Interior Features Bathroom - Soaking Tub, Carpet, Ceiling Fan(s), Combination Kitchen/Dining, Entry Level Bedroom, Family Room Off Kitchen, Wood Floors
Hot Water Electric
Heating Forced Air
Cooling Central A/C, Ceiling Fan(s), Window Unit(s)
Flooring Carpet, Luxury Vinyl Plank, Hardwood
Fireplace N
Heat Source Electric, Oil
Exterior
Water Access N
Accessibility None
Garage N
Private Pool No
Building
Story 3
Foundation Block, Brick/Mortar, Slab
Above Ground Finished SqFt 1632
Sewer Public Sewer
Water Public
Architectural Style Victorian
Level or Stories 3
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Baltimore City Public Schools
Others
Senior Community No
Tax ID 0325067081 019
Ownership Fee Simple
SqFt Source 2282
Acceptable Financing Cash, Conventional, FHA 203(b)
Listing Terms Cash, Conventional, FHA 203(b)
Financing Cash,Conventional,FHA 203(b)
Special Listing Condition Standard
NEARBY SCHOOLS & PROPERTIES
“Molly's job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! ”