Property ID : Park1735
Sold Comp $372,000.00 - Apartment Building, Townhouse
Luxurious Classy Renovation with Tasteful Updates. Attention to detail went into the selection of bathroom fixtures, kitchen cabinets, light fixtures, etc. to give this 3-unit a desirable, classy feel while retaining historic features including 10′ ceiling heights, exposed brick walls, hardwood floors, fireplace mantels and tall windows, some with stained glass accents. Recessed and track lighting throughout. Conveniences include a dishwasher in each apartment and a washer-dryer in each apartment.
Two-story Two-Bedroom Two-Bath Apartment on the first floor and terrace level features a walk-out to a tree-shaded brick patio with privacy fence. Double wide closets. Marble tile bathroom floors with ceramic tile full size shower stalls and bathroom vanities with porcelain tops. Full service kitchen with island and corian counters. Full appliance package includes 30″ gas range, dishwasher, disposal, and refrigerator.
Second floor one-bedroom features 10′ ceilings, exposed brick walls, marble tile bath, and stainless steel appliances in the kitchen. Third Floor one-bedroom apartment has a full appliance package that includes a built-in microwave.
The landlord provides heat and air conditioning. Each apartment has its own electric water heater.
This property is located 4 blocks from MICA, the Maryland Institute College of Art.
Bolton Hill is Baltimore’s oldest and most established historic neighborhood.
$126,333 per unit
$137 per square foot of building area
$3,800 current actual monthly rental income
8.3 GRM (Gross Rent Multiplier)
7.67 Cap Rate