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2617 E Fayette Street

BALTIMORE, MD 21224
  • $450,000
  • STATUS: Active
  • ON SITE: 59 Days
  • ID#: MDBA2142342
UPDATED: 48 min ago
$450,000
  • 0
    BEDS
  • 0.07
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,746
    SQFT
  • $95
    $/SQFT
Type:
Multi-Family
Built:
1900
County:

School Ratings & Info

Description

Gret multi-unit mixed use or full residential property with potential for 10% Cap Rate. The property consists of three row homes 2615, 2617, & 2619 E Fayette St. The units at 2615 & 2617 E Fayette are combined where 2615 is the entire top floor of both units, and 2617 is the bottom floor of both units. Building 2615 is a 3 Bedroom 2 Bath apartment with full kitchen and living space, currently vacant and ready to rent. Building 2617 was previously used as commercial space, and has 2 adjoining bedrooms/offices, 1 bathroom, a full kitchen, and a large open space. So, there is plenty of opportunity to reconfigure as needed, it is currently vacant. Building 2619 is a 4 bedroom 2 bathroom row home with a standard configuration, and this unit is rented for $1850/month and the lease expires September 2025. The roof across all three buildings were done 3 years ago, the furnace in 2619 replaced 3 years ago, the furnace in 2615 is 4 years old, new windows were installed in the basement. The sewer line for 2617 was replaced last year and the lines for 2615 have been updated to PVC within the last few years. There is 1 electric meter for all three units and 1 water bill for all three, 2615 has a separate gas meter but 2617 & 2619 share 1 gas meter. The listing price is than $150K/building, which is a great value for the area. Buyer to verify potential use. The possibilities with this unique property are endless.

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©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Lisa Mathena Group. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-12-04T18:51:52.713.
www.lisasellsdelaware.com/homes/156385855
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2617 E Fayette Street BALTIMORE, MD 21224

  • Price: $450,000
  • Status: Active
  • On Site: 59 Days
  • Updated: 48 min ago
  • ID#: MDBA2142342
0
Beds
0
Baths
0
½ Baths
0.07
Acres
4,746
SQFT
$95
$/SQFT
1900
Built
County:
Baltimore City
School District:
Baltimore City Public Schools
Property Description
Gret multi-unit mixed use or full residential property with potential for 10% Cap Rate. The property consists of three row homes 2615, 2617, & 2619 E Fayette St. The units at 2615 & 2617 E Fayette are combined where 2615 is the entire top floor of both units, and 2617 is the bottom floor of both units. Building 2615 is a 3 Bedroom 2 Bath apartment with full kitchen and living space, currently vacant and ready to rent. Building 2617 was previously used as commercial space, and has 2 adjoining bedrooms/offices, 1 bathroom, a full kitchen, and a large open space. So, there is plenty of opportunity to reconfigure as needed, it is currently vacant. Building 2619 is a 4 bedroom 2 bathroom row home with a standard configuration, and this unit is rented for $1850/month and the lease expires September 2025. The roof across all three buildings were done 3 years ago, the furnace in 2619 replaced 3 years ago, the furnace in 2615 is 4 years old, new windows were installed in the basement. The sewer line for 2617 was replaced last year and the lines for 2615 have been updated to PVC within the last few years. There is 1 electric meter for all three units and 1 water bill for all three, 2615 has a separate gas meter but 2617 & 2619 share 1 gas meter. The listing price is than $150K/building, which is a great value for the area. Buyer to verify potential use. The possibilities with this unique property are endless.
Exterior Features

Architectural Style Federal Construction Materials Brick Garage YN No Parking Types On Street Pool No Pool Water Access YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 4746 Basement Unfinished Basement YN Yes Below Grade Finished Area 0 Below Grade Unfinished Area 2016 Cooling Central A/C Fireplace YN No Heating Forced Air Heating YN Yes Single Room Units 0 Three Bedroom Units 2 Two Bedroom Units 1

Property Features

Accessibility Features Other Central Air YN Yes Cooling Fuel Electric Foundation Details Brick/Mortar Ground Rent Payment Frequency Annually Heating Fuel Natural Gas Hot Water Natural Gas Municipality Baltimore City Navigable Water YN N New Construction YN No Number Of Units Total 3 Original MLSNumber 803405362936 Ownership Interest Ground Rent Property Sub Type Triplex Sale Type Standard Sewer Public Sewer Structure Design Type End of Row/Townhouse Tax Annual Amount 5172.00 Tax Lot 037 Vacation Rental YN No Water Source Public Zoning C-1

Listing courtesy of EXIT On The Harbor Realty: .


©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Lisa Mathena Group. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-12-04T18:51:52.713.
 
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