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$410,000 (USD)
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Baltimore Area Multi-Family Home

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307 E 25th Street Baltimore, MD 21218

Bed
0 Baths
3600 sqft
307 East 25th Street is the ideal multi-family rental: fully occupied, well-maintained, and separately metered. Located on the outskirts of Charles Village, this property has great potential for appreciation as Johns Hopkins University expands its footprint and the 25th Street commercial corridor gentrifies. Currently owner-occupied and self-managed, these apartments house many upgraded features above and beyond a typical rental-grade build. Kitchens feature sturdy, easy-to-clean laminate countertops, a mix of wood and laminate cabinets, stainless steel sinks with disposals, and ceramic tile flooring. Apartments 1 and 2 bathrooms have modern vanities, stand-up showers with ceramic tile enclosures, and ceramic tile floors. Above-grade living spaces for these apartments have laminate plank flooring, while the first floor apartment’s below-grade component has ceramic tile flooring. Exposed beams in the first floor add an artistic element to the living room.The third floor, owner-occupied apartment features an upgraded bathroom with a custom-built stainless steel wall-mounted sink, and porcelain plank flooring and shower enclosure. The kitchen’s refrigerator and gas range are stainless steel; the dishwasher completes this home cook’s kitchen. Exposed beam ceilings and porcelain plank floors lend to an industrial, chic look for this unit. 307 East 25th Street is separately metered for gas and electric. Tenants also reimburse the landlord for their shares of water/sewer and public service electric, optimizing the cash flow for this rental property.Each floor has its own heating system–gas furnaces for each above-grade floor, and an electric heat pump for the basement. Tenants enjoy central air conditioning, cooling off the apartments in the hot Baltimore summers. From the basement to the second floor, each floor has its own 40 gallon electric water heater. The third floor has a tankless water heater.Vinyl replacement windows help to insulate the building, decrease utility costs for the tenants. Observable water supply lines are c-pvc; drain lines are pvc. Apartment 1 and 2 tenants share a stacked clothes washer/dryer in the basement. Apartment 3 has in-suite laundry.307 East 25th Street has 3 gas meters, and 4 electric meters with 400 amp total service. Located in the outskirts of Charles Village in the Barclay neighborhood, here a landlord can purchase a stable property for both its income and potential appreciation. The 25th Street commercial corridor is home to many small businesses, and several national retailers. Tenants can walk to the Safeway grocery store, or CVS pharmacy. This commercial district is a half mile from Johns Hopkins University Homewood campus, and provides easy access to I-83 and both north and south Baltimore. As Hopkins expands its influence from the north, and the Mount Vernon neighborhood grows from the south, there is plenty of upside opportunity for Barclay!Investment Summary: $399,000$133,000 Per Unit$153 Per Sq. Ft.9.0 Times Market Rents (GRM)7.76% Cap Rate8.8% Projected Cash-on-Cash Return
Listing Courtesy of BRIGHT IDX / Ben Frederick Realty, Inc.
$290,000 (USD)
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Washington Area Condominium

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3001 Veazey Terrace NW 1305 Washington, DC 20008

1 Bed
1 Baths
978 sqft
Virtual Tour
Price improved! Enjoy fantastic views of glorious sunsets every day right from your own spacious balcony! Be a part of the premier Van Ness Cooperative in North West with this one bedroom one bath unit. This fantastic location is right near the Van Ness Metro, multiple bus lines, embassies, University of DC, bars, restaurants, shopping, and more. ALL UTILITIES, PARKING SPOT, and PROPERTY TAXES, plus top-notch amenities are included in the cooperative fee. The Cooperative boasts top notch amenities including full-time front desk concierge staff, a top-notch property management team, gym with air purification system, a library, two pools, sauna, mail room for receiving deliveries, laundry facilities, storage unit, parking garage, suite rental for out of town guests, party room, and more. There is a unique tunnel that connects the building to the metro and grocery so you don't have to encounter inclement weather in the cold months. This unit has high ceilings, wood flooring, charming built-ins in the living room and bed room, a large walk-in closet, dining area with a chic bar built-in, kitchen with plenty of storage plus a breakfast bar, huge windows that bathe the unit in natural light, and a large balcony. Property conveys with a parking spot in a secure garage. Cooperative fees include all utilities (water, electricity, gas), property taxes, parking, common area maintenance, 24 hour desk concierge staff, and the top notch building amenities. ESA and service animals only building.
Listing Courtesy of BRIGHT IDX / Coldwell Banker Realty / Heidi Hawkins
$810,000 (USD)
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Washington Area Townhome

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649 Irving Street NW Washington, DC 20010

3 Bed
3 Baths
1597 sqft
Beautiful row home with finished basement with full kitchen, is now available in sought after Park View. This home is near…well….everything! The National Mall, Washington Hospital Center, Children’s Hospital, Howard University, Catholic University, multiple playgrounds, shopping, parks, community centers are all a short distance. Restaurants, bars, and brunch spots are right around the corner. Commuting is a breeze with multiple bus lines and Metro in close proximity. Fresh, low-maintenance landscaping design in the front yard is beautiful, efficient, and eco-friendly. The warm and inviting front porch welcomes you home each day and is fabulous to sit and watch the city life go by.Enjoy the charms of this 1923 DC row home including a sweeping staircase, built-in pantry with vintage detail, and french doors leading into the living room on the main floor. Custom home address number tile is from Spain. Large dining room, full bathroom and laundry area on the main floor provide modern convenience and easy living. Large galley kitchen features silestone countertops, ample storage, and a pantry with vintage paper detail. Hard wood floors are throughout the living and dining areas, as well as the primary bedroom. The two additional upstairs bedrooms each have a bonus room perfect for an office, additional storage, closet space, yoga and more! The basement is finished with a full kitchen, recreation room with large walk-in closet, new carpet, full bath with stall shower, stairs leading to private rear entrance. The huge grassy yard with a fire pit is ready for entertaining, is fully fenced in, and framed with a beautiful white picket fence. Two parking spots convey.Property sold as-is. Recent updates include re-surfacing and painting of front stairs and porch floor, porch ceiling, fresh paint throughout the home, new carpet, up-to-date furnace service, roof repair, rear outdoor staircase re-surfacing and painting. New front windows (2022), newer water heater (2016), gas range (2016), main kitchen built-in microwave (2018), main kitchen refrigerator (2016).
Listing Courtesy of BRIGHT IDX / Coldwell Banker Realty / Heidi Hawkins