2233 St. Paul: Massive 9-Unit in Old Goucher Historic District

2233 St. Paul: Massive 9-Unit in Old Goucher Historic District

2233 St. Paul: Massive 9-Unit in Old Goucher Historic District

2233 St Paul St, Baltimore, MD 21218, USA

SOLD COMP

$695,000

Property ID :

 StPaul2233

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Units
9
Bathrooms
9
Sq Ft.
7839

Description

Great cash-flow investment with tenants paying all utilities in this up-and-coming Historic District – its just 5 blocks from Penn Station and all the action at Station North. With an even mix of Studio, One-Bedroom, and Two-Bedroom Apartments, you have something for everyone. A corner building, all apartments benefit from lots of natural sunlight. Easy to maintain and easy to lease as each apartment has its own furnace, its own water heater, and a separate gas and electric meter. All of the kitchens and baths have been updated. An all-brick wood-joisted building with a modified rubber roof, all copper/PVC water pipes, updated electric service, it has everything a real estate investor desires. There is room to improve the cosmetic appearance and increase rents in this increasingly popular area.

This aerial video shows that 2233 Saint Paul Street is across the street from the Baltimore LAB School and U.S. Geological Survey, buildings that originally housed Goucher College.  The 6-story Limestone Federal Land Bank Building was renovated into luxury apartments about 10 years ago.

 

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