809, Cathedral Street, Mount Vernon, Baltimore, Maryland, 21201, United States of America
A prime opportunity to own a grand, well maintained 8 unit building. The location is hard to beat with great restaurants, libraries, museums, schools, parks all a short walk away.
The property make up is 2 large, grand office spaces on the terrace and 1st floor levels and 6 well sized one bedroom, 1 bath apartments. All kitchens have wood cabinets – dishwashers, disposals, microwave. All have been updated with granite, new appliances with the exception of Unit 6 and Unit 8. All units have stacked washer/dryer. The building has been very well maintained by its current owner and it shows. It retains historic features such as carved marble and wood fireplace mantels, extensive elaborate wood moldings and trim, leaded-glass windows, high ceilings, generous room sizes, and hardwood flooring.
The building sits in an historic district but the mechanical systems in the building are up to date. All units have separate HVAC systems, hot water tanks. Each unit has its own electric panel and all are separately metered. Entire roof was replaced in 2019 ( torch down rubber), Skylights were replaced and extensive slate work was done on 3 front dormers. (2019) Windows replaced in 2010. The entire exterior painted in 2019.
The building has a Walk Score of 98 ( walkers paradise), Transit Score of 89 ( excellent), and a Bike Score of 79 ( excellent bike lanes). All this adds up to a great opportunity to own a well maintained property located in one of Baltimore’s premier historic districts.
$1,100,000 Investment offering
$138 per Sq. Ft.
$8854 monthly rental income with room to increase rent
Unless and until there is a written Buyer-Broker Agency Agreement signed with a prospective Buyer, then Ben Frederick Realty, Inc., Ben Frederick Realty, Inc. represents the Seller. Please click here to download the Maryland Real Estate Commission form “Understanding Whom Real Estate Agents Represent”.
Owning a home is a keystone of wealth… both financial affluence and emotional security.Suze Orman