1741 Mcculloh StBaltimore, MD 21217

Property Details for 1741 Mcculloh St

Year built

1920

Lot size

0.02 AC

Property size (Sq ft)

2,336 SF

Zone code

R-8

Property type

Investment properties

Property subtype

Live-work space

APN

14-13-0341 -013

APU

14130341013

Description

This exceptional Baltimore City multifamily property offers a compelling investment opportunity. Priced at $249,000, this three-unit portfolio comprises two one-bedroom, one-bathroom apartments and a retail space, currently generating a combined monthly rental income of $2,500. Located at 1741 McCulloh Street, Baltimore, MD 21217, the property presents a strong cash flow potential with a price per unit of $83,000. The current tenants provide a stable income stream, although 24-hour notice is required for viewings due to their work schedules. This turnkey investment is ideal for those seeking immediate returns. The seller is open to owner financing options, requiring a 50% down payment and a five-year payoff period at a 9% annual percentage rate. This presents a unique chance to acquire a well-performing property in a desirable location with flexible financing terms. The property's combination of residential and retail space offers diversification and potential for future growth. Serious inquiries are encouraged to explore this lucrative investment opportunity further.

• CAP approach

  CAP return

  Valuation

  6%

  $503,696

  6.5%

  $464,950

  7%

  $431,739

• Comparable approach

  Method

  Valuation

  Relative Method

  $146,958

  Geo Method

  $146,958

• Alternative Use

  Use

  Valuation

  Residential

  $576,538

  Hospitality

  $528,105

  Educational

  $439,378

  Medical

  $454,488

  Retail

  $683,476

Location Insight

City

Baltimore

County

Baltimore City

State

Maryland

Latitude

39.3065

Longitude

-76.6324

CBSA code

12580

CBSA name

BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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