1709 Saint Paul Street, Baltimore, MD 21202

Property Description

The original Victorian hardwood paneling adorns the vestibule, extending a warm and timeless welcome to tenants as they enter their home. Situated caddy corner to Penn Station, this prime location offers residents swift access to Amtrak train services connecting them to the vibrant heart of New York City, the convenience of BWI Airport, the bustling corridors of Washington DC, and a multitude of other major destinations. Station North is one of Baltimore’s up and coming neighborhoods, just north of Mount Vernon and south of Charles Village. All apartments have unique and distinctive features. The studio apartment is east-facing, offering a prominent bay window. Apartment 1B boasts a floor-to-ceiling brick mantle and exposed brick in the bedroom. Apartment 2 showcases detailed tile flooring, a tiled hearth, and exposed brick walls. Apartment 3 incorporates glass brick elements throughout, enhancing the abundance of natural light. Each kitchen is equipped with wood shaker cabinets and durable laminate countertops. Kitchens in three apartments provide dishwashers, garbage disposals, 30″ ranges (two electric, one gas) and built-in microwaves. The studio features a 24″ electric range, disposal and built-in microwave. Bathrooms in the apartments have been upgraded with modern vanities, ceramic tile flooring, and ceramic tile tub and shower surrounds. The living areas in each apartment feature either hardwood or luxury vinyl tile flooring. High ceilings are a standard feature in the building, and all units are equipped with ceiling fans and modern recessed lighting. Drywall walls and ceilings are found throughout the building, with upgraded plumbing supply lines of C-PVC and PVC drain lines. Each unit is self-contained with its own HVAC system and electric water heater. Three units have 90% gas-fired furnaces with central air, while one unit is equipped with an electric heat pump and central air. Tenants pay their own utility bills; the landlord currently pays for water and public service electric. The building has 400-amp electrical service, with 100-amps allocated to each apartment. A copper water main improvement has been completed, eliminating an investor’s concern for an expensive replacement, and a coin-operated laundry facility is located in the basement. Penn Station is Baltimore City’s main rail station, offering Amtrak and MARC train services. The homepage for Penn Station proudly states, ‘Located at the transition of Baltimore’s celebrated cultural center and the rapidly developing neighborhoods to the north, a faithfully restored and repurposed Penn Station will better connect with the surrounding neighborhoods while providing the station with its own unique sense of place.’ Redeveloping the concourse to accommodate new commercial ventures will boost the local economy, while track improvements will allow for increased high-speed rail trips, positioning Baltimore as a premier stop for north and southbound rail travelers. The University of Baltimore, located a few blocks southeast, does not provide on-campus housing for students, thus increasing rental demand in the area. Exciting cultural destinations are within walking distance, and Guilford Hall Brewery, just one block southeast, serves as a popular destination for socialization. This exceptionally well-maintained, easy-to-manage investment property offers positive cash flow to investors and will continue to attract high-quality renters. 1 Studio Apartment; 1 One-Bedroom, One-Bath Apartment; 1 Two-Bedroom, One-Bathroom Apartment; 1 Two-Bedroom, Two-Bathroom Apartment.