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2208 Eutaw Place: 3 Apartments in Reservoir Hill / Gut Rehabbed 2008 / Fully Leased

2208 Eutaw Place: 3 Apartments in Reservoir Hill / Gut Rehabbed 2008 / Fully Leased

2208 Eutaw Place: 3 Apartments in Reservoir Hill / Gut Rehabbed 2008 / Fully Leased

2210, Eutaw Place, Reservoir Hill, Baltimore, Maryland, 21217, United States of America

For Sale

$450,000

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2208 Eutaw Place: 3 Apartments in Reservoir Hill / Gut Rehabbed 2008 / Fully Leased

Property ID :

 RH-15722-property

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Units
3
Bathrooms
6
Year Built
1907
Sq Ft.
3490 sq ft
Lot Size
2610 sq ft

Description

A great opportunity to own a multifamily property consisting of 3 apartments that were completely gut rehabbed in 2008 and is fully leased.

2208 Eutaw Place is a three unit multifamily building. The building has 2 spacious two bedroom, two bath apartments and 1 spacious three bedroom, two bath 2 level apartment. The building was gut rehabbed in 2008. The full kitchens have stainless steel appliances (refrigerator, stove, built in microwave, dishwasher, disposal) granite counter tops and wooden cabinets. The units are good sized with 10 ft ceilings throughout and accented by exposed brick. All have in unit washer/dryer hook ups, in unit security system, good light and a spacious rear deck to complete the package.

Mechanically the building is in great shape. The roof on the main building is new in 2019. ( torch down rubber) All windows replaced in 2008. All units are are separately metered with in unit electric panels with 200 Amp service. All units have their own forced air high efficiency gas furnace with central A/C and 40 gallon electric hot water tank. The plumbing and electric new as of 2008.

The location offers a Walk Score of 75, This location is Very Walkable so most errands can be accomplished on foot. The building is located 1/2 mile from MICA (Maryland Institute College of Art) with Druid Hill Park and the Whitelock Community Farm both a short walk away.

2208 Eutaw Place presents a great opportunity to buy a recently rehabbed, well maintained 3 unit property with a 7.62 % Cap Rate and a 11.1% cash on cash return.

Investment Summary:
$450,000.00
$150,000.00 per unit
$129 per Sq Ft
9.3 times market rent (GRM)
7.62% Cap Rate
11.1% Cash on Cash Return


Features

  • 100% Leased
  • Carpet
  • Central Air Conditioning
  • Central Cooling
  • Central Heating
  • Emergency Exit
  • Fire Alarm
  • Historic Character
  • In-Unit Laundry
  • Near University
  • Off-Street Parking
  • Security System
  • Well Maintained

Property Attachments

  • Property Information 2208 Eutaw Place
  • Cash Flow 2208 Eutaw

Property on Map

will cannon

Agent Will Cannon III

Mobile:  410-916-3331

Email:  will@benfrederick.com

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713 W. 33rd Street: Cash Flowing 3 Unit in Hampden 2645 N Charles St: 3 Apartments, Totally Rehabbed in 1992

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