1815 Saint Paul St, Baltimore, MD 21202

Property Description

House hacking opportunity! 1815 Saint Paul St is a zoned 5-unit property. Three units are currently occupied. You have the opportunity to place your own tenants in the other two turnkey units, or live in one yourself and use the rental income to defray your mortgage costs! The 2-car parking pad is also currently available for your use, or to lease! This end-unit building is located in the lively Station North neighborhood of Baltimore City, just 1.8 miles from the bustling Inner Harbor! The building features an impressive 2,758 finished square feet, (1) studio apartment, (3) 1-bedroom apartments, and (1) 2-bedroom apartment. THE OCCUPIED UNITS : The studio apartment and (2) 1-bedroom apartments are occupied and currently generate $2,539 in combined rent and utility reimbursements. THE VACANT UNITS : The 2-bedroom vacant unit is estimated to generate an additional $1,250 per month + $150 in utility reimbursement = $1,400. The 1-bedroom vacant unit is estimated to generate an additional $1,000 per month + $75 in utility reimbursement = $1,075. And the parking pad is estimated to generate an additional $150 ($75 per spot) per month. Fully rented, this property could command $5,164 monthly. This property flaunts written leases, lead certificates, and a 5-unit rental license. The building has five gas meters (one for each unit) and six electric meters (one for each unit and one for the common area). Residents are responsible for their own BGE accounts. The water bill is paid by the owner and some residents pay a fee towards that bill, as stated in their leases. What are you waiting for? Take advantage of this house hacking opportunity or add a 5-unit rental property to your portfolio today! There is a Special Benefits Tax in this neighborhood. The current cost for the year for this property is $427.63. The Special Benefits Tax is a surcharge which covers additional safety and sanitization efforts for the area.