2617 E FAYETTE ST, Baltimore, MD 21224 – MDBA2142342

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Joseph Lam

sales@soldbyturnkey.com +1(856) 305-8329

$450,000

Est. payment - /mo

4,746 SqFt

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UPDATED:

11/14/2024 07:02 PM

Key Details

Property Type Townhouse

Sub Type End of Row/Townhouse

Listing Status Active

Purchase Type For Sale

Square Footage 4,746 sqft

Price per Sqft $94

MLS Listing ID MDBA2142342

Style Federal

Abv Grd Liv Area 4,746

Originating Board BRIGHT

Year Built 1900

Annual Tax Amount $5,172

Tax Year 2024

Lot Size 3,087 Sqft

Acres 0.07

Property Description

Gret multi-unit mixed use or full residential property with potential for 10% Cap Rate.
The property consists of three row homes 2615, 2617, & 2619 E Fayette St. The units at 2615 & 2617 E Fayette are combined where 2615 is the entire top floor of both units, and 2617 is the bottom floor of both units. Building 2615 is a 3 Bedroom 2 Bath apartment with full kitchen and living space, currently vacant and ready to rent. Building 2617 was previously used as commercial space, and has 2 adjoining bedrooms/offices, 1 bathroom, a full kitchen, and a large open space. So, there is plenty of opportunity to reconfigure as needed, it is currently vacant. Building 2619 is a 4 bedroom 2 bathroom row home with a standard configuration, and this unit is rented for $1850/month and the lease expires September 2025. The roof across all three buildings were done 3 years ago, the furnace in 2619 replaced 3 years ago, the furnace in 2615 is 4 years old, new windows were installed in the basement. The sewer line for 2617 was replaced last year and the lines for 2615 have been updated to PVC within the last few years. There is 1 electric meter for all three units and 1 water bill for all three, 2615 has a separate gas meter but 2617 & 2619 share 1 gas meter. The listing price is than $150K/building, which is a great value for the area. Buyer to verify potential use. The possibilities with this unique property are endless.

Location

State MD

County Baltimore City

Zoning C-1

Rooms

Basement Unfinished

Interior

Hot Water Natural Gas

Heating Forced Air

Cooling Central A/C

Fireplace N

Heat Source Natural Gas

Exterior

Water Access N

Accessibility Other

Garage N

Building

Foundation Brick/Mortar

Sewer Public Sewer

Water Public

Architectural Style Federal

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Baltimore City Public Schools

Others

Tax ID 0306151710 037

Ownership Ground Rent

SqFt Source Assessor

Special Listing Condition Standard

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Listed by Saul Kloper • EXIT On The Harbor Realty

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Joseph Lam

+1(856) 305-8329

Broker Associate | License ID: 0682262

Broker Associate License ID: 0682262