1708 – 1710 Fleet St: 3 Apartments, 1 Retail Space Fully Leased in Historic Fells Point

A great opportunity to own 3 apartments and 1 retail space in bustling Historic Fells Point. The property is fully leased and was completely gut rehabbed in 2016.

Enjoy low maintenance of a building that has all essentially new systems including new electrical, plumbing, rear windows, heat pumps with central air, tankless water heaters, new drywall, new hard wood floors, appliances, kitchen cabinets and granite counter tops. A new copper 2″ water main has been brought in from the street and all units are separately metered for water, gas and electric. New 800 Amp service to the building provides ample power for the commercial tenant and residential units.

Located in the heart of Fells Point giving you easy walking access to all the shops, live music, bars and great restaurants the area has to offer. The newly completely renovated Broadway Market (one of the oldest public markets in Baltimore circa 1786) is a 100 yards from your front door. Another block and you are on the waterfront with the award winning Sagamore Pendry Hotel and all it has to offer close at hand. Wouldn’t you like to own a building that is located in such a desirable area?

Harbor East and all its restaurants and shops are 10 minute walk away.

Investment Summary:
$1,050,000
$262,500 Per Unit
$163 Per Sq. Ft.
11.5 Times Actual Rent (GRM)
10.5 Times Actual Market Rent (GRM)
6.85% Cap Rate
7.00% ROI Cash on Cash return