Colonial
107 CONDUIT STREET
ANNAPOLIS , MD 21401
MLS#: MDAA2102306
$1,500,000
Property
Beds
5
Full Baths
None
1/2 Baths
None
Year Built
1900
Sq.Footage
2,760
The historic Smith House is a charming 4-unit home in the heart of downtown Annapolis, steps from Main Street and in the city's most desirable area. The home is the perfect turnkey opportunity for owner-occupy, long-term, and short-term rentals. Units 2, 3 and 4 fully furnished and fully built business ready for immediate income. The property generates a remarkable annual income through its rented units, making it a profitable investment opportunity. It has been fully leased for the last ten years, with waiting lists for occupancy. Currently, three units are offered as a boutique Airbnb, receiving revenue in the top percentile compared to other Historic Downtown Annapolis properties. The apartments have received impeccable reviews and a Superhost status; you will not find a better ‘house-hacker’ opportunity. It is currently licensed through the city for both short and long-term renters. The house has undergone significant renovations, including kitchens, baths, and flooring while holding true to the historic nature of this dwelling. Modern updates include glass shower enclosures, quartz countertops, floating shelves, recessed lighting, and Wi-Fi-enabled locks. These mix seamlessly with polished nickel fixtures, an original clawfoot tub, exposed brick, and restored original doors. In addition, it boasts a recently refinished standing metal seam roof, a new main water line and main sewer line, updated electrical, new gutters, and new plumbing in much of the home. You and your tenants can experience the joys of being minutes from Main Street, City Dock, and the Naval Academy, with the best restaurants, shopping, and art galleries. Acton Cove Park is around the corner, and access to Spa Creek is at the bottom of the street. The Noah-Hillman garage is steps from the property, making it easy for overnight guests to park, and a water taxi stop allows them to explore Annapolis by boat. We welcome you to come visit and see what 107 Conduit has to offer! Investment opportunities in Annapolis like this one don't come along often, don't hesitate!!!
Features & Amenities
Interior
-
Other Interior Features
Recessed Lighting, Built-in Features
-
Total Bedrooms
5
-
Bathrooms
N/A
-
Above Grade Finished Area
2760.0
-
Basement YN
YES
-
Cooling YN
YES
-
Cooling
Window Unit(s), Electric
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Exhaust Fan, Natural Gas, Radiant
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Frame
-
Parking
On Street
-
Patio and Porch Features
Porch, Patio
-
Pool
Yes
-
Pool Features
None
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.06
-
Property Type
Residential Income
-
Property Sub Type
Multi Family
-
Architectural Style
Colonial
Price
-
Sales Price
$1,500,000
-
Tax Amount
11555.0
-
Sq. Footage
2, 760
-
Price/SqFt
$543
HOA
-
Association
No
School District
-
Elementary School
ANNAPOLIS
-
Middle School
BATES
-
High School
ANNAPOLIS
Property Features
-
Stories
3
-
Foundation Details
Concrete Perimeter
-
Sewer
Public Sewer
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Location
County
ANNE ARUNDEL
Elementary School
ANNAPOLIS
Middle School
BATES
High School
ANNAPOLIS
Listing Courtesy of Scott M. Schuetter , Berkshire Hathaway HomeServices PenFed Realty
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