919 St Paul St, Baltimore, MD 21202

4 Unit Apartment Building | $589,000 ($147,250/Unit) | 8.35% Cap Rate | Baltimore, MD 21202

Date Added:
May 17, 2024
Days on Market:
28 days

Asking Price $589,000

Property Type
Multifamily
Square Feet
5,096 SF

Listing Contacts

Tom Fair
Tom Fair
Verified Profile
Will Cannon
Will Cannon
Verified Profile
  • Property Info

Property Overview

Mount Venon Multi-Family Interiors:
1 Two-Bedroom Apartment
2 One-Bedroom Apartments
1 Studio Apartment
919 Saint Paul Street offers a blend of 4 unique apartments, each with its own character. In the main vestibule, a grand curved staircase and parquet hardwood floors create an impressive entrance. Each above-grade apartment is plus-sized and spans 1,406 square feet. Apartment 1 has two decorative fireplaces and picture molding throughout each room. The modernized kitchen offers all conveniences with a dishwasher, garbage disposal, easy-to-maintain laminate cabinets, and a 30? gas range. Apartment 2 also combines historic charm with modern amenities. The kitchen includes butcher block counters, wood cabinets, a 30” electric range, dishwasher, disposal, and a built-in microwave. Apartment 3 features built-in cabinetry and one fireplace. The kitchen is equipped with butcher block counters, wood cabinets, an electric cooktop, double wall oven, dishwasher, and disposal.A newly renovated studio, accessible from the rear terrace, features walk-out access and a private patio. Fresh laminate flooring throughout, along with modern wood-shaker kitchen cabinets and new appliances, will attract tenants quickly.
All apartments have hardwood flooring, with some carpeting in the bedrooms. Apartments 1, 2, and 3 have ceramic tile flooring in the bathrooms and tubs with ceramic tile surrounds. The studio apartment includes a shower stall with a ceramic surround. Kitchens are equipped with ceramic flooring for durability. Shared, free laundry is located in the common area of the basement, which also has both finished and unfinished storage space.
Utility Specifics:
A central, gas-fired Weil McClain boiler serves the entire building with radiator distribution. Each apartment also has supplemental heating provided by in-unit heat pumps and have central air conditioning. These supplemental systems may not be in working order and are sold as-is. A gas-fired, 2019 State 73-gallon water heater serves the apartments. There are 6 electric meters and 1 gas meter. A savvy landlord could incorporate a utility bill-back into the leases and benefit from higher cash flows. Most observable water supply lines are copper; observable drain lines are PVC or steel. A gravel parking pad in the rear comfortably fits two vehicles.
What’s Great About Mount Vernon:
919 Saint Paul Street boasts an impressive “Walk Score” of 98 out of 100. Nestled in the heart of Mount Vernon, this investment property is just a few blocks away from Baltimore Penn Station. This Amtrak hub is undergoing major redevelopment, ensuring it remains a significant economic driver for the neighborhood’s continued growth and prosperity. Tenants will enjoy the vibrant cultural scene just minutes from their doorstep, with captivating performances at renowned venues such as The Lyric, Center Stage, and The Meyerhoff Symphony Hall. The area also offers an array of high-end restaurants, enriching museums, and prestigious universities, including the expanding University of Baltimore and the Maryland Institute College of Art (MICA).

Property Details

Class
C
Year Built
1867
Stories
4
Lot Size (sq. ft)
2,614 SF
Units
4

Highlights

  • Turn-Key Apartments in Up-Scale Neighborhood of Mount Vernon
  • Rent As-Is or Upgrade Kitchens and Baths to Increase Rents
  • Diverse Rental Units Attract a Wide Variety of Tenants, From Students to Professionals
  • Justify Premium Rents with Extra Large Apartments in this 4,221 Sq. Ft. Building

FAQ

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?
Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].