702 N. Howard St: 6 Units Value-Add Opportunity in Historic Mount Vernon along Light Rail Line

702 N. Howard St: 6 Units Value-Add Opportunity in Historic Mount Vernon along Light Rail Line

702 N. Howard St: 6 Units Value-Add Opportunity in Historic Mount Vernon along Light Rail Line

702 N Howard St Baltimore MD

SOLD COMP

$179,000

Property ID :

 Howard702

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Units
5
Bathrooms
5
Sq Ft.
3780

Description

Solid 22′ wide, 3-story, 3,700 sq.ft. brick townhouse licensed for 5 Apartments + an Art Studio or work space that could become a 6th apartment. B-4-2 Zoning allows for many uses. Located on the Light-Rail Line next to Maryland General Hospital, 2 blocks from the Baltimore School for the Arts, 2 blocks from the State Center 28-acre Redevelopment Project and 3 blocks from Symphony Hall, Lyric Opera House and other culture centers.  4 of 5 apartments are currently occupied.  Apartments have not been updated in many years giving the investor the option to continue operating the property “as is” or upgrading the quality of the apartments and raising rents commensurately.  Front apartments are studios, with one-bedroom apartments in the rear.  Enclosed, secure rear yard does not offer any parking.  Click on “Cash Flow Statement” below to see the current rent roll and income and expense budget.  At this price, in this location, this one will sell fast!

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