Residential Multi-Family Saint Paul Apartments
Saint Paul Street Apartments consisting of (32) units in (4) buildings located at 1726, 1728, 1730, 1732 Saint Paul Street Baltimore, MD. The unit mix includes (5) studios, (2) Efficiency and (25) 1 BR. The property had a historically sensitive and high quality renovation in the mid-1980’s. The renovations included, updating the kitchens, double hung windows, wall to wall carpet and dishwashers and garbage disposals. Most of the units have ceramic tile bathrooms, marble fireplace mantels crown molding and sculpted plaster.Located in the Arts District or also known as Charles North neighborhood of Baltimore makes the property convenient to public transit including bus, light rail, metro subway and MARC train. Penn Station (AMTRAC) which serves the eastern cost of the United Sates is within a short five minute walk. Also, the property is blocks from Maryland General Hospital and the University of Baltimore.Mt Vernon a National Register Historic District is located approximately 10 blocks away, Mount Vernon encompasses the best of what city living has to offer. This lively neighborhood not only serves as the cultural center of Baltimore but as the home to a diverse group of residents and businesses. Mt. Vernon was chosen as the site for major cultural institutions. The legacies of influential people such as George Peabody, Henry and William Walters, and Enoch Pratt continue on as the Peabody Conservatory, the Walters Art Gallery, and the Enoch Pratt Free Libra.
The rejuvenation of the many historic and architecturally significant buildings has enabled this area to remain not only a diverse residential neighborhood, but also a cultural center and restaurant district. The local community personality has been described as artsy, hip, historic and urban. This attracts a wide range of tenants from students, professionals and artists. Together with the location and the rejuvenation of the area, makes Saint Paul Street Apartments a tremendous long term investment for the investor looking to capture the maximum total return of their investment.All units are currently rented with an income of over $17,000.00 per month with the potential to increase the income to over $20,000.00 per month. Tenants pay all electric and are billed for water and sewer. The asking price is $1,750,000.00 a realistic investment, at just under $55,000.00 per unit. The property may qualify for a condo conversion with area condo prices averaging over $100,000.00 for a potential sell out of over 3,000,000.00.
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Saint Paul Apartments
Price : $ 1,750,000 Address : 1726 - 1732 Saint Paul St Years : 1980 Parking : 6 Total Square Feet : 26084 sq. feet Four 5 story brick buildings, built in the early 1900’s with renovations completed in the mid 1980’s. The property consists of 7 Studio Apartments and 25 one bedroom units, 6 off street parking spaces, several storage rooms and laundry facility. Each unit has its own electric service with either, 100, 125 or 150 amp service. Each unit has a heat pump with central air conditioning and its own electric hot water heater. There is a potential for condo conversion.
Laundry: 
Off Street Parking: Public Water: Public Sewer: Year Built: 1900 Year Renovated: 1980 Number of Buildings: 4 Number of Stories: 5 Number of Units: 7 Studio + 25 One Bedroom Building Construction: Brick Roof Construction: mix of Rubber and build up Zoning: Residential and Office NOI: $153,832.00 CAP: 8.79% Price Per Unit: $54,687.00 Offered At: 3,000,000.00 
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