2617 East Fayette Street
$399,900
—
—
4,746
4,746
$84
Pending
Description
What a Fantastic investment opportunity! $133K/Building is an unreal value, and the potential for an 11% CAP Rate is very realistic! The property consists of three row homes 2615, 2617, & 2619 E Fayette St. The units at 2615 & 2617 E Fayette are combined where 2615 is the entire top floor of both units set up as a residential apartment a 3 Bedroom 2 Bath apartment with full kitchen and living space, currently vacant and ready to rent. 2617 is the bottom floor of both units set up for office space,...What a Fantastic investment opportunity! $133K/Building is an unreal value, and the potential for an 11% CAP Rate is very realistic! The property consists of three row homes 2615, 2617, & 2619 E Fayette St. The units at 2615 & 2617 E Fayette are combined where 2615 is the entire top floor of both units set up as a residential apartment a 3 Bedroom 2 Bath apartment with full kitchen and living space, currently vacant and ready to rent. 2617 is the bottom floor of both units set up for office space, but could easily be converted to a residential apartment, it was previously used as commercial space, and has 2 adjoining offices, 1 bathroom, a full kitchen, and a large open space, the opportunities in this space are endless! There is plenty of opportunity to reconfigure as needed, it is currently vacant. Building 2619 is a 4 bedroom 2 bathroom row home with a standard configuration, and this unit is rented for $1850/month and the lease expires September 2025. The roof across all three buildings were done 3 years ago, the furnace in 2619 replaced 3 years ago, the furnace in 2615 is 4 years old, new windows were installed in the basement. The sewer line for 2617 was replaced last year and the lines for 2615 have been updated to PVC within the last few years. There is 1 electric meter for all three units and 1 water bill for all three, 2615 has a separate gas meter but 2617 & 2619 share 1 gas meter. Buyer to verify potential use. The possibilities with this unique property are endless.
- Listed by Saul Kloper • EXIT On The Harbor RealtyP: (410)-913-0771 saul@exitontheharbor.com
Property Details for 2617 East Fayette Street
Tax ID Number
0306151710 037
OwnershipGround Rent
Structure TypeEnd of Row/Townhouse
StyleFederal
WaterfrontNo
GarageNo
Legal SubdivisionWard 6
MunicipalityBaltimore City
LISTING UPDATED: 01/23/2025 03:49 PM
Property Details for 2617 East Fayette Street
Status | Pending |
---|---|
MLS # | MDBA2142342 |
Days on Market | 90 |
Taxes | $5,172 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi-Family / Ground Rent |
Year Built | 1900 |
Lot Size | 0.07 AC / 3,087 SF |
County | Baltimore Independent City |
Building Information for 2617 East Fayette Street
Stories-Residences3Year Built1900Building Size-Lot Size0.07 AC / 3,087 SF
Property Information for 2617 East Fayette Street
Property History for 2617 East Fayette Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 2617 East Fayette Street
Taxable ValueLand-Additions-Total-
Tax Record2023$3,704 ($309 / month)
Home Facts
Total Finished SqFt4,746 SqFtAbove Grade Finished SqFt4,746 SqFtStories2Lot Size3,087 SqFtStyleOffice BuildingYear Built1900ZoningC-1CountyBALTIMORE CITYAPN06-15-1710 -037
Schools near 2617 East Fayette Street
This home is within Baltimore City Public Schools.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 7 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
William Paca Elementary School PublicPK to 7 | ||
Booker T. Washington Middle School Public6 to 8 | ||
Digital Harbor High School Public9 to 12 | ||
Patterson High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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