About This Home

This 0-bedroom, 0-bathroom other at 2201 MARYLAND Avenue in Baltimore, MD is listed for $825,000. Built in 1850, on a 0.11 acres lot.

Key Features

  • Built in 1850
  • 0.11 acre lot
  • 6 parking spaces

Property Details

6 spaces
1850

Amenities

A/C
Listing Description

**2201 Maryland Avenue** **PREMIUM BALTIMORE MIXED-USE INVESTMENT: 7-UNIT MULTIFAMILY OPPORTUNITY IN REMINGTON / STATION NORTH | 10.00% Cap Rate | 12.66% Leveraged IRR** This is an exceptional, fully stabilized 7-unit mixed-use property presenting a rare high-yield investment in Baltimore's desirable Remington/Station North corridor.

Featuring 6 well-maintained residential apartments and 1 ground-level commercial unit, this asset is fully occupied, offering an immediate and robust cash-flowing opportunity. The property is meticulously maintained with recent unit upgrades throughout, ensuring minimal day-one management intervention.

**THE INVESTMENT CASE: High-Performance, Stabilized Income** * **Superior Cash Flow:** The property is generating a strong $110,000 Gross Income and value-add projected **$117,000** in Gross Annual Income. * **High Rate of Return:** Financial analysis showcases a powerful **10.56% Cash-on-Cash Return** and a projected **12.66% Leveraged IRR** over a 10-year hold.

* **Solid Cap Rate:** The asset boasts an attractive Terminal Capitalization Rate of **10.00%**. * **Turnkey Operation:** Fully occupied with stable tenancy, this is a truly passive investment poised for long-term equity growth. **VALUE-ADD POTENTIAL: Unlock Hidden Upside** The primary value-add opportunity lies in the commercial unit, which is currently generating significantly less income than the residential units.

An investor can materially boost Net Operating Income (NOI) through strategic repositioning and rent optimization: * **Commercial Conversion:** Explore the potential to convert the existing commercial space (Unit 7, currently at $900/month) into an additional residential apartment to maximize revenue per square foot.

* **Rent Optimization:** Opportunity to systematically raise rents in the residential units (Units 1, 3, 5 currently at $1,350/month and Units 2, 4, 6 currently at $1,600/month) to capture market rate and increase the Gross Annual Income beyond current figures.

Secure this low-risk, high-return Baltimore multi-family property. Detailed 10-year Proforma with IRR analysis is available upon request. Inquire now for a full offering package. The commercial unit may offer potential for conversion into additional residential efficiency units (buyer to verify all zoning and use approvals).

The property includes notable historical connections, including prior ownership by George Brown and documented history of Abraham Lincoln residing at the property. Buyer to verify all income, expenses, zoning, and potential uses.

Monthly Cost Estimate

$4,412/mo

20% down · 6.5% · 30 years

Principal$597
Interest$3,575
Insurance$241

Estimates only. Actual payments may vary.

Location

2201 MARYLAND Avenue

Baltimore, MD 21218

Property Details

Construction

Brick

Parking

Parking LotOn Street

Heating

Central

Cooling

Window Unit(s)

Questions & Answers

This 0-bedroom, 0-bathroom other at 2201 MARYLAND Avenue is listed at $825,000. The estimated monthly payment is $4,413 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1850, 0.11 acre lot, 6 parking spaces.

This property is listed by Brody Keith Bell and can be reached at 7174837812.

BB

Brody Keith Bell

Agent at R.E. Shilow Realty Investors, Inc.

(717) 483-7812

Listed by R.E. Shilow Realty Investors, Inc.

MLS# MDBA2209550· Source: listhub· 117 days on market

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2201 MARYLAND Avenue, Baltimore, MD 21218

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