2014 Mcculloh St, Baltimore, MD 21217

$325,000
2,440
SqFt

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List Price
$325,000
MLS#
MDBA2228166
Year Built
1920
Status
PENDING
Type
Multifamily
Living Area
2,440
Total SqFt
2440
County
Baltimore City
Subdivision
Druid Heights

Property Description

2014 McCulloh Street is a 3-unit apartment building in Druid Heights offering 2 one-bedroom apartments with dens and 1 one-bedroom apartment. Each apartment has in-unit laundry and central air conditioning—desirable tenant amenities that help distinguish the property from many older neighborhood rentals. Kitchens include wood cabinetry, laminate countertops, 30" gas ranges, stainless steel sinks, and garbage disposals. Bathrooms have modern vanities, steel tubs, and ceramic tile surrounds. Each apartment has its own Goodman gas furnace, gas-fired 40-gallon water heater, and 100-amp electric service. The building is served by 4 electric meters and 3 gas meters. Tenants pay their own gas and electric service, while the landlord currently pays for water and public service electric. The property is Certified Limited Lead-Free, reducing the need for recurring lead inspections and lead certification paperwork between tenant turnovers. Current rents remain below market, giving a new owner an opportunity to grow rental income over time. Druid Heights has a strong renter base, with approximately 72% of occupied housing units renter-occupied, while more than half of the neighborhood's housing stock remains single-unit homes. 2014 McCulloh Street also offers a compelling owner-occupant opportunity. With just 3.5% down, an owner occupying Apartment 2 could collect $2,400 per month from the other two apartments, leaving a projected net monthly housing cost of only $476. Ask us for more details!

Additional Information

Other Structures
Above Grade, Below Grade
Structure List
Above Grade, Below Grade
Style
Converted Dwelling
Cooling Fuel
Electric
Cooling
Central A/C
Heating Fuel
Natural Gas
Heating
Forced Air
Hot Water
Natural Gas
Sewer Septic
Public Sewer
Water
Public
Tax Year
2025
Possession
Subject to Existing Lease, Settlement
Days on Market
15
Acres
0.04
Ownership
Fee Simple

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Calculator source: Real Geeks

Listing courtesy of Ben Frederick Realty, Inc.. Contact: 4102359500