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Key Details
Sold Price $765,000
Property Type Multi-Family
Sub Type End of Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 5,985 sqft
Price per Sqft $127
Subdivision Bolton Hill Historic District
MLS Listing ID MDBA482600
Sold Date 01/27/20
Style Traditional
HOA Y/N N
Abv Grd Liv Area 5,985
Originating Board BRIGHT
Year Built 1885
Annual Tax Amount $10,405
Tax Year 2019
Lot Size 2,975 Sqft
Acres 0.07
Property Description
Units renovated and well maintained with very efficient floor plans (the Avalon was originally designed as an apartment building and is not a conversion). Separate Gas and Electric meters for all units. Wired for high speed internet. Lead certificates, fire alarm and fire standpipe plumbing system. New roof in 2018. $87,900 in annual gross income. $67,839 in net operating income. $7,325 in monthly scheduled rent. 100% occupied. $192 per square foot in average annual rent. Compelling Cap Rate. Record of near full occupancy, Stable historic financial performance. Eligible for CHAP and other tax credits. Value added upside. Class A location in Bolton Hill. Walk to MICA, University of Baltimore, Mount Royal, Penn Station and State Center. Tenant amenities included a laundry room, bicycle room, trash and recycling room. Ample resident parking in Bolton Hill. Neighborhood patrolled by MICA campus security. Excellent walking and transit scores.
Location
State MD
County Baltimore City
Zoning R080
Rooms
Basement Daylight, Partial, Interior Access, Outside Entrance
Interior
Interior Features Floor Plan - Traditional
Hot Water Natural Gas
Heating Radiator
Cooling Window Unit(s)
Flooring Hardwood
Fireplace N
Heat Source Natural Gas
Exterior
Water Access N
View City
Roof Type Rubber
Accessibility None
Road Frontage Public
Garage N
Building
Sewer Public Sewer
Water Public
Architectural Style Traditional
Additional Building Above Grade
Structure Type 9'+ Ceilings,Plaster Walls
New Construction N
Schools
School District Baltimore City Public Schools
Others
Tax ID NO TAX RECORD
Ownership Fee Simple
SqFt Source Assessor
Security Features Carbon Monoxide Detector(s),Main Entrance Lock,Smoke Detector
Special Listing Condition Standard
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Bought with Peter Charchalis • O'Conor, Mooney & Fitzgerald
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