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Off-Market

1717 Gough St

Baltimore, MD 21231, USA

List price

$325,000

4

beds

3.5

baths

1,919

sq ft

1900-01-02

built

Single Family

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Story

LEASED THROUGH 7-31-2021 ($2,850/month). Spacious single-family townhome in Fells Point. This is the ideal turnkey investment property, offered $25,000 below market value. Recent high-quality renovations (2006), allowing for a low-maintenance, turnkey rental. Fells Point is filled with local restaurants, stores and entertainment, with easy access to local universities, hospitals and more. Close by to Betty Hyatt Community Park, Fells Point Historic District and Butchers Hill Historic District. Located just a few blocks away, the 20-acre Perkins Homes community is included in the Baltimore Housing Authority's $1 billion mixed use Perkins Somerset Oldtown Transformation Initiative. Developed by Beatty Development Group, the developer of Harbor Point, this will bring a a mix of residential, retail and office tenants to the Baltimore neighborhood. Comps in the high $300s.

Property details

21 details the seller has shared

21 details

Property

· The bones — what the buyer sees first

Bedrooms

4

Full baths

3

Half baths

1

Finished sq ft

2,319 sq ft

Above-grade sq ft

1,919 sq ft

Below-grade finished sq ft

400 sq ft

Year built

1900

Units

1

Property type

Single Family

Occupancy

Rental Property

Condition (1–5)

3

Neighborhood

Fells Point

County

Baltimore City

Financials

· What it earns and what it costs to hold

ARV (after repair)

$375,000

Tax-assessed value

$358,900

Property tax rate

2%

Cap rate

7.5%

Cash-on-cash return

15%

Monthly cash flow

$650 /mo

Features

· Comfort, climate, and curb appeal

Basement

Partially Finished

History & terms

· Past sales, updates, and deal mechanics

Year renovated

2006

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