1815 Saint Paul Street

Description

House hacking opportunity! 1815 Saint Paul St is a zoned 5-unit property. The top floor 2-bedroom apartment and rear 2-car parking pad are currently available for your use while you collect rents from the other 4 occupied units to help defray your mortgage costs! 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 studio apartment and (3) 1-bedroom apartments currently generate $3,454 in combined rent and utility reimbursements. Would you rather a fully rented 5-unit building? Rent the 2-bedroom for an additional $1,250 per month and the parking pad for an additional $150 ($75 per spot) per month, for a total monthly income of $4,854. 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). Each unit has its own gas furnace. 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.