937-939 N Calvert St
- Prime Rehab Opportunity in Historic Mount Vernon
- Located in Historic Mount Vernon; 10 Minute Walk to University of Baltimore
Property Description
Harbor Stone Advisors is pleased to present 937-939 N Calvert, a prime rehab opportunity located in Historic Mount Vernon. The property is less than a 10-minute walk from the University of Baltimore and the Peabody Institute of The Johns Hopkins University, and a half mile from UMMC Midtown Campus. 9397-939 N Calvert is also a 14-minute walk from Penn Station, which is undergoing $150 million worth of renovations over the next several years. 937 N Calvert features 6 apartments with a mix of (5) 1 Br-1 Ba and (1) 2 Br-1 Ba. Typical unit features consist of white appliances, wood cabinets, laminate countertops, and laminate/parquet/tile flooring. 939 N Calvert features (6) 1 Br-1 Ba apartments in shell condition. The opportunity exists for a new owner to renovate all of the units at 937 N Calvert and build out the units at 939 N Calvert, with a suggested scope of stainless steel appliances, granite countertops, updated cabinets and bathrooms, and LVT flooring throughout. Based on comparable properties nearby, the rents at 937 N Calvert can be increased at least 20% post renovation. The work performed at 939 N Calvert would also be eligible for the 10 year CHAP tax credit.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $525,000 |
| No. of Units: | 12 |
| Year Built: | 1900 |
| Lot Size: | 0.14 Acres |
| Opportunity Zone: | No |
| Price per unit: | $43,750 |
| Property Website | Click Here |
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