SoldApr 15, 2015

Listed by STEPHEN PIPICH

Source: Bright MLS #MDBA2112686

510 E 41st St, Baltimore, MD, 21218

$54,000

4
2833 sq. ft.
5875 sq. ft.

Duplex

Sold: Apr 15, 2015

What's around 510 E 41st St

About this property

3 unit multi-family property located in the Pen Lucy neighborhood. All units are currently vacant. Apartment 1 is a 2BR/1BA that was previously rented for $1200/month. Apartment 2 is a 1BR/1BA that was previously rented for $750/month. Apartment 3 is a 1BR/1BA that was previously rented for $950/month. Total rental income was $2900/month when fully occupied. Landlord had been paying water/sewer and lawncare . After renovating each unit, we believe the rental income could be around $3500/month. Each unit has a lead certificate and property's rental license is current. Property had water in the basement due to a sump pump that was not functional, but has been repaired. Pipes had also froze in January/February and busted in a few places leading to water leaks in several places. Not all plumbing has been repaired. It is not certain if the basement furnace is functional, but we believe the baseboard heat in each unit is functional. The photos are not how it is currently presented as the units are now vacant. Cash or a renovation loan would be necessary. Seller is selling the property As-Is. This charming Victorian is in close proximity to Morgan State University, Johns Hopkins University, Penn Station and nearby hospitals (Good Samaritan and Union Memorial)!

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