Address
28 E 25Th Street, Baltimore, MD
Price
$ 395,000
Property Attributes
- MLS#MDBA2123116
- TypeMulti-Family
- CountyBALTIMORE CITY
- CityBaltimore
- Zip21218
- StyleConverted Dwelling
- Year Built1900
- Taxes$ 5024
- Price$ 395,000
- Bedrooms2
- Full Bathrooms0
- Half Bathrooms0
- Lot Size1,742 SqFt
Data Source:
Bright MLS
Property Description
Join the Resurgence of 25th Street, Dubbed The Black Wall Street of Baltimore by the Baltimore Sun. Deceptively Large Rowhome in Charles Village: Provides 3,135 Square Feet Gross Living Area Plus Usable Basement Space. Upside Potential to Improve Residential Kitchens and Baths to Achieve Higher Rental Rates. Zoned C-1, The Property Provides Versatility, Allowing Owners to Change Uses from Residential to Commercial as They Desire. The apartments on the second and third floors are plus-sized 1-bedrooms. This interior rowhome boasts large windows on both the north and south walls, with a southern-facing bay window providing bonus natural light. Generous room sizes are accentuated by hardwood floors throughout most of the living spaces. Kitchens have either an 30 electric or gas range, wood cabinets, laminate counters and laminate flooring. The 2nd floor apartment has a porcelain sink top; the 3rd floor has a stainless sink. Bathrooms have modern vanities, cast iron tubs with ceramic tile tub-surrounds. Upgrading kitchens and bathrooms would significantly improve monthly rents. The commercial suites are built-out and upgraded by the Tenants to meet the needs of the Tenants use. The first floor provides medical training and has been home to Phylis Angels Training Center since 2017, with classrooms and training stations. Wall-to-wall carpeting throughout, with a modern half bath and private office in the rear. The terrace retail suite has seen major improvements in the last few years, with new drywall walls and ceilings, recessed lighting, LVP flooring and improved half-bath. The very rear of the terrace is home to the utilities and provides the tenant with additional storage space. Inside this Charles Village Mixed-Use, the apartments are heated by a central Repco 275,00 BTU hot water radiator heating system; radiant heating serves the terrace store. The landlord does pay for the gas heat; a savvy owner could pass this through to tenants, improving cash flow. The 1st floor commercial tenant has their own heat pump with central air. A central 40-gallon gas-fired water heater supplies hot water to all units. Each unit has its own electric meter and pays their own electric. Two gas meters serve the property, one public service and the other presumed for Apartment 2. BGE is not actively billing the owner for natural gas usage. All interior water supply pipes are copper or C-PVC, with a copper water main. All observable interior water drain lines are copper or steel. The landlord currently pays for water. The Charles Village 25th Street corridor has been dubbed the Black Wall Street of Baltimore by the Baltimore Sun. Its numerous clothing retailers, art shops, and beauty stores has made it a fashion destination in Baltimore City. Commercial tenants enjoy the high visibility and walking traffic this location brings. Residential tenants enjoy the close proximity to various restaurants, art venues, and stores. Johns Hopkins, the citys #1 employer, has its Homewood Campus just five blocks north. The central location in Baltimore gives residents a quick commute to downtown Baltimore or a short drive to I-83 for a drive to Baltimore County. The Maryland Avenue CycleTrack is one block away for bike commuters. 28 East 25th Street is designated a Walkers Paradise with a Walk Score of 95; a Transit Score of 80; and a Bike Score of 85.
| Price History | |
|---|---|
| 4/25/2024 | Listed $395,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Heat Pump(s),Radiant,Radiator |
| Cooling | Central A/C,Window Unit(s) |
| Possession | Settlement,Subject to Existing Lease |
| Zoning | C-1 |
| Pool Y/N | No Pool |
| Architectural Style | Converted Dwelling |
| Construction Materials | Brick |
| Exclusions | Tenant possessions' excluded |
| Year Built | 1900 |
| Property SubType | Quadruplex |
| Tax Year | 2023 |
| Percent Ownership | Fee Simple |
| Cool Fuel | Electric |
| Section | 03 |
| Accessibility | None |
| County | BALTIMORE CITY |
| New Construction | No |
| Property Type | Multi-Family |
| Garage Y/N | No |
| Water Access Y/N | No |
| Other Structures | Above Grade,Below Grade |
| Status | ACTIVE |
| Directions | GPS |
| ModificationTimestamp | 2024-05-01T17:50:49 |
| City | BALTIMORE |
| Buyer Agent Compensation | 3 |
| Zoning Description | Licensed for 2 Dwelling Units and 2 Stores |
| Total Units | 4 |
| Lot Size Square Feet | 1596.00 |
| Tax Assessed Value | 212867.0 |
| Waterfront Y/N | No |
| Number of Units Leased | 4 |
| Street Name | 25TH |
| Tax Annual Amount | 5024.0 |
| Structure Type | Interior Row/Townhouse |
| Single Room Units Count | 2 |
| One Bedroom Units Count | 2 |
| Price Per Sq Ft | 126.0 |
| Rent Control Y/N | No |
| Vacation Rental Y/N | No |
| Total SQFT | 4180 |
| Days on Market | 8 |
| Standard Status | Active |
| Year Built Source | Assessor |
| Legal Subdivision | Ward 12 |
| Tax Lot | 029 |
| Buyer Agent Compensation Type | % Of Gross |
Interior Features
| Heating Fuel | Natural Gas,Electric |
|---|---|
| Hot Water | Natural Gas |
| Heating Y/N | Yes |
| Fireplace Y/N | No |
| Street Suffix | STREET |
| Central Air Y/N | Yes |
| LivingAreaSource | Assessor |
Exterior Features
| Water Source | Public |
|---|---|
| Total Parking Spaces | 2 |
| Type of Parking | Off Street |
| Land Use Code | C |
| Foundation Details | Brick/Mortar |
| Water View Y/N | No |
| Lot Size Acres | 0.04 |
| Lot Size Units | Square Feet |
| Lot Size Source | Assessor |
| Land Assessed Value | 71800.00 |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
| Off Street - # of Spaces | 2 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 21218
Price
Taxes
Visits
Year Built
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Last Updated: May 5, 2024 10:01 AM UTC
