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
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
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 Estimated
Special Listing Condition Standard
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