1420 Light StBaltimore, MD 21230MLS Number MDBA2007394

  • Price: $735,000
  • 79 Days on Market
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Federal 30-year interest rate: 3.09% last updated on Oct 21, 2021
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  • 0.04Acreage
  • 1920Year Built
  • 224Price Per Square Foot
  • 5Units

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Fantastic opportunity to own a fully leased 5-unit apartment property in Baltimore's Most Popular Rental Market - Federal Hill! Make positive cash flow from day one! All apartments have granite counters,wood cabinets,new appliances,cute/attractive light fixtures,modern/updated bathrooms with ceramic tile. Mix of 3 Studio apartments and 2 one-bedroom apartments makes this a desirable easy-to-rent building. The 3 Studio apts have electric heat while the 2 one-bedrooms have gas forced air heat with central air. Great location with a 94 Walk Score that is 2 blocks from the newly renovated Cross Street Market and 5 blocks to Baltimore's Inner Harbor. This building is Certified Lead-Free Limited.
Listed by Benedict J Frederick III of Ben Frederick Realty,Inc.

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Basic Information

  • Broker NameBen Frederick Realty, Inc.
  • List Price$735,000
  • MLS NumberMDBA2007394
  • MLS Property TypeCommercial Sale
  • Price Per Square Foot224
  • Sale Date12/06/2021
  • StatusPEN
  • Units5
  • Vacation Rental YNN

Building

  • Building Area SourceEstimated
  • Building Area Total3288
  • Construction MaterialsBrick
  • FoundationBrick/Mortar
  • Garage Spaces
  • Num Attached Garage Spaces
  • Num Detached Garage Spaces
  • Stories3
  • Total Garage And Parking Spaces
  • Year Built1920

Utilities

  • Central Air YNY
  • CoolingCentral A/C, Ceiling Fan(s), Window Unit(s)
  • Cooling FuelElectric
  • Electric200+ Amp Service
  • Heat SystemBaseboard - Electric, Forced Air
  • Heating FuelElectric, Natural Gas
  • Heating YNY
  • SewerPublic Sewer
  • UtilitiesCable TV Available
  • Water HeaterNatural Gas
  • Water SourcePublic

Tax Information

  • Assessment Year2021
  • City Town Tax6858
  • City Town Tax Payment FrequencyAnnually
  • County Tax341
  • County Tax Payment FrequencyAnnually
  • Tax Assessment Amount310700
  • Tax Lot10
  • Tax Year2021
  • Taxes$7,200
  • Total Taxes Payment FrequencyAnnually

Property

  • Acreage0.04
  • Business TypeApartment Building
  • Lot Dimensions SourceEstimated
  • Lot Size Dimensions16' x 102'3"
  • Lot Size SourceEstimated
  • Lot Size Square Feet1,635
  • New Construction YNN
  • Property ConditionExcellent
  • Property SubTypeFive Or More Units
  • ZoningR8-R/MU
  • Zoning DescriptionR8 Zoning with a Residential Mixed Use Overlay. Licensed for 5 Dwelling Units.

Parking

  • Assigned Parking Spaces
  • Parking TypesOn Street

Basic Information

  • Date Listed08/06/2021

Location

  • Address1420 Light St
  • Building Number1420
  • CountyBaltimore City
  • Cross StreetClement St
  • Directions2 blocks south of Cross Street Market,1 block north of Fort Ave.
  • In City Limits YNY
  • IncorporatedcitynameBaltimore City
  • StateMD
  • SubdivisionFederal Hill
  • TownBaltimore
  • Water Oriented YNN
  • Zip21230

Interior

  • FlooringLaminated, Ceramic Tile, Hardwood

Exterior

  • RoofRubber

Amenities

  • Accessibility AmenitiesNone

Water Body

  • Tidal Water YNN
  • Water AccessN
  • Water View YNN
  • WaterfrontN

Other

  • Cap Rate6
  • ExclusionsRear lot known as 1429 Marshall St. Tenants' possessions are excluded
  • Gross Income66228
  • Ground Rent Exists YNN
  • Sale or LeaseN
  • View Count1

Baltimore, MD Demographics

There is no data available

Baltimore, MD Real Estate Market Data

There is no data available

Baltimore, MD Schools

School NameDistanceTypeGrades
RE/MAX Realty Group - Gaithersburg
RE/MAX Realty Group - Gaithersburg
Office: 301-258-7757
6 Montgomery Village Avenue
STE200
Gaithersburg, MD 20879

Copyright 2021 BRIGHT, All Rights Reserved.  Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which RE/MAX Realty Group/100 participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.Data last updated October 24, 2021. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.

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