28 E 25th St, Baltimore, MD 21218, USA
There are many cool things about this property:
Terrace level store/office with a front reception area, large front room, small back room, utility room in the rear and one half-bath.
First Floor store with nice display window, customer/reception area, 3 large rooms and a half-bath. This floor has central air conditioning.
Second Floor one-bedroom apartment with hardwood floors and high ceilings. This apartment could be reconfigured into 2 bedrooms if desired.
Third Floor one-bedroom apartment with hardwood floors and generous room sizes. Possible to convert this into a 2-bedroom unit.
New 90# Mineral felt roof looks to be in very good condition. This type of roof requires very little maintenance and typically lasts 12-15 years.
Copper water pipes.
200 Amps of electric power. All units have Square D and Cutler Hammer circuit breaker panels.
Gas fired 275,000 BTU central hot water radiator heating system, for which the owner pays. The heat cost could be passed through to tenants.
Gas fired central water heater. A.O. Smith has a reputation for high quality water heaters. This unit was manufactured in 2012 and has a 40-gallon capacity.
$75,000 per unit
$96 per sq.ft.
7.5 times gross annual rent (GRM)
8.7 Cap Rate
11% Cash-on-cash return on investment.