Description
Rare true multi-unit in Historic Reservoir Hill now available. This end-unit triplex is legally, separately zoned and metered. Units 2 & 3 are setup as 2 bedrooms, 1 bath, a living room, dining room and a kitchen. Unit 1 has the same setup with 1 bedroom. There is a covered front porch and off street parking in the rear. The basement (which consists of a separate entrance) has been framed and ready for your vision. This building is truly a cash cow, and the equity opportunity will skyrocket even more after a little TLC and the completion of Reservoir Square and Druid Park Reservoir developments. With the current total rents bringing in $4,250, the rent roll is still undervalued. Unit 1 (1 bedroom), generates $1,250 a month; unit 2 (2 bedroom) $1,400; and unit 3 (2 bedroom) $1,600. Unit 2 is not available for viewing, but tenant will be vacating September 1st 2023, making this an ideal owner occupant opportunity as well.Located mid-town, this is an ideal centralized location at I-83, making it minutes from downtown and a half hour from Pennsylvania. It is adjacent to Druid Hill Park and the Maryland Zoo as well just to name a few landmarks.Leases are available upon request.
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0BEDS
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N/AACRES
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0BATHS
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01/2 BATHS
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2,520SQFT
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$159$/SQFT
School Information
Description
Rare true multi-unit in Historic Reservoir Hill now available. This end-unit triplex is legally, separately zoned and metered. Units 2 & 3 are setup as 2 bedrooms, 1 bath, a living room, dining room and a kitchen. Unit 1 has the same setup with 1 bedroom. There is a covered front porch and off street parking in the rear. The basement (which consists of a separate entrance) has been framed and ready for your vision. This building is truly a cash cow, and the equity opportunity will skyrocket even more after a little TLC and the completion of Reservoir Square and Druid Park Reservoir developments. With the current total rents bringing in $4,250, the rent roll is still undervalued. Unit 1 (1 bedroom), generates $1,250 a month; unit 2 (2 bedroom) $1,400; and unit 3 (2 bedroom) $1,600. Unit 2 is not available for viewing, but tenant will be vacating September 1st 2023, making this an ideal owner occupant opportunity as well.Located mid-town, this is an ideal centralized location at I-83, making it minutes from downtown and a half hour from Pennsylvania. It is adjacent to Druid Hill Park and the Maryland Zoo as well just to name a few landmarks.Leases are available upon request.
©2023 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Sky Group of Long & Foster Real Estate. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2023-10-01T21:50:43.05.