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$370,000
38 Days On Site

BALTIMORE, MD 21223

For Sale|Townhouse|Active
4
Beds
4
Total Baths
4
Full Baths
1,216
SqFt
$304
/SqFt
1942
Built
Subdivision:
MILL HILL
County:
BALTIMORE CITY
Listing courtesy of Greysteel Company LLC
Call Now: (703) 898-3565
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(703) 898-3565
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RECENTLY UPDATED, FULLY LEASED PORTFOLIO The offering consists of two side-by-side brick duplexes totaling four residential units, with all units currently leased. Recent improvements include flooring, paint, bathroom fixtures, and serviced HVAC systems, providing a solid physical foundation for continued operations while limiting the need for significant immediate capital improvements. ATTRACTIVE IN-PLACE CASH FLOW 1051 & 1053 Desoto Road presents an opportunity to acquire a fully leased four-unit multifamily portfolio for $370,000, generating approximately $29,751 of annual NOI. The offering provides investors with an approximately 8.0% in-place capitalization rate, delivering immediate cash flow from a stabilized, fully occupied residential portfolio. STRATEGIC MORRELL PARK LOCATION Situated in Baltimore's Morrell Park neighborhood, the property offers convenient access to major transportation routes, employment centers, and area amenities. The property is approximately five minutes fromI-95/Beltway access and Ascension Saint Agnes Hospital, eight minutes from I-295, 10 minutes from the west Baltimore MARC station, and 12minutes from Downtown Baltimore. The property is also adjacent to the Wilkens Avenue commercial corridor and within a short walk of Morrell Park Elementary. LOW-COMPLEXITY MULTIFAMILY INVESTMENT The four-unit configuration offers an efficient scale of ownership while maintaining the benefits of a diversified multifamily asset. with 100%occupancy, separately metered gas and electric, four assigned parking spaces, and recent servicing of the HVAC systems, the property provides an ownership profile designed to minimize day-to-day operational complexity. The compact portfolio allows an investor to capture multifamily rental income without the management demands typically associated with larger, more operationally intensive assets.

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Listing Snapshot
Price 
$370,000
Days On Site 
38 Days
Bedrooms 
4
Inside Area (SqFt) 
1,216 sqft
Total Baths 
4
Full Baths 
4
Partial Baths 
N/A
Lot Size 
0.14 Acres
Year Built 
1942
MLS Number 
MDBA2234662
Status 
Active
Property Tax 
$4,716
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Assessor
Friends & Family
Recent Activity
3 days agoListing updated with changes from the MLS
2 weeks agoStatus changed to Active
a month agoListing first seen on site
General Features
Acres 
0.14
Levels 
Two
Parking 
On Street
Property Sub Type 
Townhouse
Sewer 
Public Sewer
Special Circumstances 
Standard
SqFt Above 
1216
SqFt Total 
1216
Style 
Other
Water Source 
Public
Zoning 
R-6
Interior Features
Basement 
Other
Cooling 
Other
Heating 
Radiant
Main Level Bedrooms 
4
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Exterior Features
Construction Details 
Brick
Patio And Porch 
Porch
Pool Features 
None
Community Features
School District 
BALTIMORE CITY PUBLIC SCHOOLS
Schools
School District
BALTIMORE CITY PUBLIC SCHOOLS
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of Greysteel Company LLC



The real estate listing information is provided by Bright MLS is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale or lease referenced on this web site comes from the Internet Data Exchange (IDX) program of the Bright MLS. This web site references real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties in listings may have been sold or may no longer be available. The data contained herein is copyrighted by Bright MLS and is protected by all applicable copyright laws. Any unauthorized collection or dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright © 2020 Bright MLS. All rights reserved.

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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