1110 - 1132 SHIELDS PLACE
BALTIMORE , MD 21201
MLS#: MDBA2101874
$1,500,000

Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1920
Sq.Footage
N/A
This is a portfolio sale, consisting of 23 well maintained, fully leased and lead free investment properties. The portfolio includes: 1110 Shields, 1111 Shields, 1112 Shields, 1113 Shields, 1114 Shields, 1115 Shields , 1116 Shields, 1117 Shields, 1118 Shields, 1119 Shields, 1120 Shields, 1121 Shields, 1122 Shields, 1123 Shields, 1124 Shields, 1125 Shields, 1126 Shields, 1127 Shields, 1128 Shields, 1129 Shields, 1130 Shields, 1131 Shields, 1132 Shields. Owning your own block of identical rowhomes offers the investor cost savings in managing their time and their properties. The quiet one way block is neatly kept reflecting the pride of the current tenants and the landlord making this investment property with a 10.2% cash on cash return hard to beat. The investment property consists of 23 carbon copy contiguous rowhomes, which all feature 2 beds, 1 bath and offer 770 sq. ft. The rowhomes are split by a quiet one way street (Shields Place) and all have a small fenced back yard. The first floor consists of living room, dining area and kitchen that opens to a small yard. The second floor has two bedrooms, one in the front and one in the back with a bathroom in between. Each unit has its own basement, providing ample storage. The kitchens feature laminate countertops, wooden cabinets, 24 inch steel sinks with disposals, 30 inch gas ranges and refrigerators. All units offer hookups for washers and dryers in the kitchen. The bathrooms have modern vanities, steel tub with ceramic shower surround. All units have similar finishes, making maintenance efficient, saving costs and time. With lead free status, tenant turnover is a breeze and less costly. The rowhomes are separately metered for electric and gas, allowing tenants to pay their own utilities. The landlord currently keeps the water in their name and bills back to the tenants. Each unit has 100 amp electric service with breaker panels in the kitchen of each unit. The heat is supplied by a gas- fired, forced air furnace. Hot water is supplied by a mixture of 30 gallon and 40 gallon gas fired units. Each basement contains a gas meter, its own copper water main and sump pump. This quiet, colorful block tucked into the Upton neighborhood, garners a Walk Score of 90, a Bike Score of 60 and a Transit Score of 89. Camden Yards and M&T Bank Stadium are 1.5 miles away. The rapidly expanding University of Maryland BioPark and Hollins Market are within a mile. The Upton Community Garden is next door and the highly regarded Furman L Templeton elementary school is two blocks away. Price per unit - $65,217 Price per sq. ft. - $85 Cap rate - 9.29%
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Window Unit(s)
-
Heating YN
YES
-
Heating
Natural Gas
Exterior
-
Garage
No
-
Construction Materials
Brick
-
Parking
On Street
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.3
-
Property Type
Commercial Sale
Price
-
Sales Price
$1,500,000
-
Tax Amount
590.0
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Sewer
Public Sewer
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Location
County
BALTIMORE CITY
Elementary School
Middle School
High School
Listing Courtesy of Will A Cannon III , Ben Frederick Realty, Inc.
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