2810 Saint Paul Street Baltimore, MD 21218

$470,000
0.08
Acres
3,520
SQFT
134
$/SQFT
$470,000
3,520   sf
$134 / sf
Favorite

active
1/23
Street View

2810 Saint Paul Street presents a Charles Village value-add apartment building offered at just $117,500 per unit, with below-market rents, deferred maintenance, and a long-term ownership history. Rather than paying a premium for someone else's renovation choices, investors have the opportunity to improve the property at their own pace and to their own specifications. Whether through cosmetic apartment updates, phased renovations as units become available, utility bill-backs, basement electric separation, or future capital improvements to the building's systems and common areas, 2810 Saint Paul Street offers multiple paths to increased income and long-term value.The building includes 2 two-bedroom apartments and 2 one-bedroom apartments. The building is separately metered with four gas meters and four electric meters, and investors may further improve operations by separating the basement apartment's electric service and implementing a water bill-back program. These operational improvements can reduce expenses while complement future rent growth. Combined with below-market rents and multiple opportunities to increase income and improve operations, this is the type of investment where thoughtful improvements can create meaningful long-term value. As apartments are updated over time, a new owner can better compete for Johns Hopkins students, faculty, employees, and other renters seeking renovated housing in Charles Village, supporting higher rents and continued appreciation.

2810 Saint Paul Street presents a Charles Village value-add apartment building offered at just $117,500 per unit, with below-market rents, deferred maintenance, and a long-term ownership history. Rather than paying a premium for someone else's renovation choices, investors have the opportunity to improve the property at their own pace and to their own specifications. Whether through cosmetic apartment updates, phased renovations as units become available, utility bill-backs, basement electric separation, or future capital improvements to the building's systems and common areas, 2810 Saint Paul Street offers multiple paths to increased income and long-term value.The building includes 2 two-bedroom apartments and 2 one-bedroom apartments. The building is separately metered with four gas meters and four electric meters, and investors may further improve operations by separating the basement apartment's electric service and implementing a water bill-back program. These operational improvements can reduce expenses while complement future rent growth. Combined with below-market rents and multiple opportunities to increase income and improve operations, this is the type of investment where thoughtful improvements can create meaningful long-term value. As apartments are updated over time, a new owner can better compete for Johns Hopkins students, faculty, employees, and other renters seeking renovated housing in Charles Village, supporting higher rents and continued appreciation.

  • Neighborhood
  • Type
  • County
    Baltimore City
  • Tax Amount
    $5,900
  • Status
    Active
  • Listing #
    MDBA2222266
  • Built
    1902
  • Lot Size
    0.08
  • Listed on site
    28 days
  • Listing Agent Id
    121137249888

Listed by:
Ben Frederick Realty, Inc.

Source:
BRIGHT MLS

Click for Map
Smart Commute Planner
Add a destination

School Info

Property details

Community Features

  • No HOA
  • No Adult Community

Property Features

  • No Builder Restrictions

Exterior features

  • Has garage
  • Garage Detached
  • No Pool
Favorite

Tour This Home

Mon
03Aug
Tue
04Aug
Wed
05Aug
Thu
06Aug
Fri
07Aug
Sat
08Aug
Sun
09Aug
Mon
10Aug
Tue
11Aug
Wed
12Aug
Thu
13Aug
Fri
14Aug
Sat
15Aug
Sun
16Aug
in Person
via Video Call