2617 E FAYETTE ST Active Save Request In-Person Tour Request Virtual Tour
Baltimore,MD 21224
Key Details
Property Type Townhouse
Sub Type End of Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 4,746 sqft
Price per Sqft $94
MLS Listing ID MDBA2142342
Style Federal
Year Built 1900
Annual Tax Amount $5,172
Tax Year 2024
Lot Size 3,087 Sqft
Property Description
Gret multi-unit mixed use or full residential property with potential for 10% Cap Rate.
The property consists of three row homes 2615, 2617, & 2619 E Fayette St. The units at 2615 & 2617 E Fayette are combined where 2615 is the entire top floor of both units, and 2617 is the bottom floor of both units. Building 2615 is a 3 Bedroom 2 Bath apartment with full kitchen and living space, currently vacant and ready to rent. Building 2617 was previously used as commercial space, and has 2 adjoining bedrooms/offices, 1 bathroom, a full kitchen, and a large open space. So, there is plenty of opportunity to reconfigure as needed, it is currently vacant. Building 2619 is a 4 bedroom 2 bathroom row home with a standard configuration, and this unit is rented for $1850/month and the lease expires September 2025. The roof across all three buildings were done 3 years ago, the furnace in 2619 replaced 3 years ago, the furnace in 2615 is 4 years old, new windows were installed in the basement. The sewer line for 2617 was replaced last year and the lines for 2615 have been updated to PVC within the last few years. There is 1 electric meter for all three units and 1 water bill for all three, 2615 has a separate gas meter but 2617 & 2619 share 1 gas meter. The listing price is than $150K/building, which is a great value for the area. Buyer to verify potential use. The possibilities with this unique property are endless.
Location
State MD
County Baltimore City
Zoning C-1
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Exterior
Water Access N
Building
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Baltimore City Public Schools
Others
Special Listing Condition Standard