107 Conduit Street, Annapolis, MD 21401
- $1,550,000
- 2,760
- SqFt
- Sold Price
- $1,550,000
- List Price
- $1,500,000
- Closing Date
- Feb 26, 2025
- MLS#
- MDAA2102306
- Year Built
- 1900
- Status
- CLOSED
- Type
- Multifamily
- Living Area
- 2,760
- Total SqFt
- 2760
- County
- Anne Arundel
- Subdivision
- Historic District
Property Description
The historic Smith House is a charming 4-unit home in the heart of downtown Annapolis, steps from Main Street and in the city's most desirable area. The home is the perfect turnkey opportunity for owner-occupy, long-term, and short-term rentals. Units 2, 3 and 4 fully furnished and fully built business ready for immediate income. The property generates a remarkable annual income through its rented units, making it a profitable investment opportunity. It has been fully leased for the last ten years, with waiting lists for occupancy. Currently, three units are offered as a boutique Airbnb, receiving revenue in the top percentile compared to other Historic Downtown Annapolis properties. The apartments have received impeccable reviews and a Superhost status; you will not find a better ‘house-hacker’ opportunity. It is currently licensed through the city for both short and long-term renters. The house has undergone significant renovations, including kitchens, baths, and flooring while holding true to the historic nature of this dwelling. Modern updates include glass shower enclosures, quartz countertops, floating shelves, recessed lighting, and Wi-Fi-enabled locks. These mix seamlessly with polished nickel fixtures, an original clawfoot tub, exposed brick, and restored original doors. In addition, it boasts a recently refinished standing metal seam roof, a new main water line and main sewer line, updated electrical, new gutters, and new plumbing in much of the home. You and your tenants can experience the joys of being minutes from Main Street, City Dock, and the Naval Academy, with the best restaurants, shopping, and art galleries. Acton Cove Park is around the corner, and access to Spa Creek is at the bottom of the street. The Noah-Hillman garage is steps from the property, making it easy for overnight guests to park, and a water taxi stop allows them to explore Annapolis by boat. We welcome you to come visit and see what 107 Conduit has to offer! Investment opportunities in Annapolis like this one don't come along often, don't hesitate!!!
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Additional Information
- Elementary School
- Annapolis
- Middle School
- Bates
- High School
- Annapolis
- Stories
- 3
- Other Structures
- Above Grade, Below Grade
- Structure List
- Above Grade, Below Grade
- Style
- Colonial
- Interior Features
- 2nd Kitchen, Built-Ins, Carpet, Chair Railings, Entry Level Bedroom, Family Room Off Kitchen, Floor Plan - Traditional, Kitchen - Efficiency, Kitchen - Galley, Recessed Lighting, Bathroom - Stall Shower, Bathroom - Tub Shower, Upgraded Countertops, Window Treatments
- Basement
- Yes
- Cooling Fuel
- Electric
- Cooling
- Window Unit(s)
- Heating Fuel
- Natural Gas
- Heating
- Radiator
- Hot Water
- Natural Gas
- Sewer Septic
- Public Sewer
- Water
- Public
- Tax Year
- 2024
- Possession
- Immediate, Negotiable
- Days on Market
- 2
- Acres
- 0.06
- Ownership
- Fee Simple