3 Beds
2 Baths
1,360 SqFt
3 Beds
2 Baths
1,360 SqFt
Key Details
Property Type Townhouse
Sub Type Interior Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 1,360 sqft
Price per Sqft $131
Subdivision Brooklyn
MLS Listing ID MDBA2181932
Style Other
Bedrooms 3
Full Baths 2
HOA Y/N N
Abv Grd Liv Area 1,088
Year Built 1942
Available Date 2025-09-02
Annual Tax Amount $4,248
Tax Year 2024
Lot Size 1,088 Sqft
Acres 0.02
Property Sub-Type Interior Row/Townhouse
Source BRIGHT
Property Description
Discover a turnkey, income-producing solid brick rowhome featuring 3 bedrooms, 2 full baths, and 1,632 sq ft of living space—listed at $179,000 with an existing lease at $1,399/month.
Key Metrics
Gross Annual Rent: $1,399 × 12 = $16,788
Gross Yield: 16,788 / 179,000 ≈ 9.4%
Estimated Expense Ratio: 40% of rent ($6,715/yr)
Net Operating Income (NOI): 16,788 – 6,715 = $10,073/yr
Cap Rate: 10,073 / 179,000 ≈ 5.6%
Pro Forma Cash-on-Cash (70% LTV @ 5.5% 30 yr): 7.8%
Recent updates—fresh paint, new flooring, modern fixtures—minimize immediate capital outlay. The low-maintenance brick exterior and on-street parking streamline day-to-day management. Proximity to public transit arteries (Route 40 bus, Light Rail), major universities (University of Baltimore, CCBC), and dining hotspots ensures sustained tenant demand.
🏡 Renter-to-Owner Advantage
Move from renting to owning with no payment increase. Current mortgage estimate (P + I + T + I): $929 P&I + $354 taxes + $100 insurance ≈ $1,383/month—still below today's $1,399 rent2. Every payment builds equity instead of lining a landlord's pockets.
Financial Highlights
Down Payment: 5–10% typical (≈ $9,000–$18,000)
Year 1 Equity Build: $900 principal pay-down + 3% market appreciation ( $5,370)
Rent Credit Option: Apply current tenant's $1,399/month lease toward your mortgage or down payment
Enjoy a light-filled updated kitchen, hardwood floors, and room-for-growth in a walkable Brooklyn neighborhood steps from shops, parks, and transit. At $179,000, this gem blends affordability, instant equity, and long-term wealth building.
Location
State MD
County Baltimore City
Zoning R-6
Rooms
Basement Other
Main Level Bedrooms 3
Interior
Hot Water Other
Heating Radiator
Cooling Central A/C
Flooring Hardwood
Fireplace N
Heat Source Other
Exterior
Water Access N
Roof Type Built-Up
Accessibility Level Entry - Main
Garage N
Building
Story 2
Foundation Stone
Above Ground Finished SqFt 1088
Sewer Public Sewer
Water Public
Architectural Style Other
Level or Stories 2
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Baltimore City Public Schools
Others
Senior Community No
Tax ID 0325067095A108
Ownership Fee Simple
SqFt Source 1360
Special Listing Condition Standard
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
janis@settledownphiladelphia.com
444 N 4th St, Philadelphia, PA, 19123, United States