1420 Light Street

Baltimore, MD 21230

$735,000
Last Sold Price
Beds
3,288 Sq. Ft.
$224 / Sq. Ft.
3,288
Sq. Ft.
$224
per Sq. Ft.

Description

Fantastic opportunity to own a fully leased 5-unit apartment property in Baltimore's Most Popular Rental Market - Federal Hill! Make positive cash flow from day one! All apartments have granite counters, wood cabinets, new appliances, cute/attractive light fixtures, modern/updated bathrooms with ceramic tile. Mix of 3 Studio apartments and 2 one-bedroom apartments makes this a desirable easy-to-rent building. The 3 Studio apts have electric heat while the 2 one-bedrooms have gas forced air heat with...Fantastic opportunity to own a fully leased 5-unit apartment property in Baltimore's Most Popular Rental Market - Federal Hill! Make positive cash flow from day one! All apartments have granite counters, wood cabinets, new appliances, cute/attractive light fixtures, modern/updated bathrooms with ceramic tile. Mix of 3 Studio apartments and 2 one-bedroom apartments makes this a desirable easy-to-rent building. The 3 Studio apts have electric heat while the 2 one-bedrooms have gas forced air heat with central air. Great location with a 94 Walk Score that is 2 blocks from the newly renovated Cross Street Market and 5 blocks to Baltimore's Inner Harbor. This building is Certified Lead-Free Limited. Rents: 1F Studio=$1,000, 1R 1BR=$1,295, 2F Studio=$849, 2R 1BR=$1,295, 3 Studio=$1,015
  1. Listed by Benedict J Frederick III • Ben Frederick Realty, Inc.
    P: 4107526400 ben@benfrederick.com

Property Details for 1420 Light Street

Tax ID Number
0323120981 010
Ownership
Fee Simple
HOA
No
Structure Type
Interior Row/Townhouse
Style
Federal
Waterfront
No
Garage
No
Subdivision
FEDERAL HILL HISTORIC DISTRICT

Location

Listing Courtesy of Ben Frederick Realty, Inc.

Sold By CENTURY 21 New Millennium

Add your commute
LISTING UPDATED: 08/28/2022 04:07 AM

Property Details for 1420 Light Street

StatusClosed
MLS #MDBA2007598
Days on Market63
Taxes$7,333 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1920
Lot Size0.04 AC / 1,635 SF
CountyBaltimore

Location

Listing Courtesy of Ben Frederick Realty, Inc.

Sold By CENTURY 21 New Millennium

Add your commute

Building Information for 1420 Light Street

Stories-Residences4Year Built1920Building Size-Lot Size0.04 AC / 1,635 SF

Payment Calculator

$4,622 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,011

Property Taxes

$611

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1420 Light Street

Location
Location
  • In City Limits: Yes
  • School District Name: BALTIMORE CITY PUBLIC SCHOOLS
  • School District County ID: 121137830454
  • SchoolDistrictSource: Listing Agent
  • County: BALTIMORE CITY
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2021
  • Tax Assessed Value: $310,700
  • Year Assessed: 2021
  • County Tax: $348
  • Improvement Assessed Value: $205,100
  • City Town Tax: $6,985
  • Land Assessed Value: $100,000
  • Clean Green Assessed: No
  • Land Use Code: 003
  • Section: 12
  • Zoning: R8-R/MU
  • Zoning Dscrp: R8 Zoning with a Residential Mixed Use Overlay. Licensed for 5 Dwelling Units.
  • Tax Lot: 010
  • Automatically Update Tax Values Y/N: Yes
  • TaxDataUpdatedYN: No
Lease Information
Lease Information
  • Concessions: Yes
  • Concessions Amount: $10,000
  • Concession Remarks: repairs
Unit Information
Unit Information
  • Single Room Units Count: 3
  • One Bedroom Units Count: 2
  • Two Bedroom Units Count: 0
  • Three Bedroom Units Count: 0
  • Number Of Units Vacant: 0
  • Number Of Units Month To Month: 1
  • Rent Control: No
Financial Information
Financial Information
  • Gross Scheduled Income: $66,228
  • Net Operating Income: $46,248
  • Annual Rental Income: $66,228
  • Cap Rate: 6.30
  • Existing Lease Type: Month to Month, Yearly
Building Info
Building Info
  • Building Level Count: 3
  • Building Units Total: 4
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Estimated
  • Lot Size Dimensions: 16' x 102'3"
  • Lot Dimensions Source: Estimated
  • Parcel ID: 13026153
  • Ground Rent Exists: No
Parking
Parking
  • Type Of Parking: On Street
Interior Features
Interior Features
  • Interior Features: Floor Plan - Open, Kitchen - Efficiency, Kitchen - Eat-In, Wood Floors
  • Fireplace: No
  • Appliances: Dishwasher, Oven/Range - Electric, Refrigerator, Washer, Dryer - Electric
  • Accessibility Features: None
Exterior Features
Exterior Features
  • Exterior Features: Fire Escape
  • Pool: No Pool
Utilities
Utilities
  • Utilities: Cable TV Available
  • Heating: Yes
  • Cooling Type: Central A/C, Ceiling Fan(s), Window Unit(s)
  • Cooling Fuel: Electric
  • Heating Type: Baseboard - Electric, Forced Air
  • Heating Fuel: Electric, Natural Gas
  • Hot Water: Natural Gas
  • Water Source: Public
  • Sewer Septic: Public Sewer
  • Electric Service: 200+ Amp Service
Confidential Data
Listing Office
  • List Agent AOR: Greater Baltimore Board of REALTORS
  • List Agent URL: www.BenFrederick.com

Property History for 1420 Light Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1420 Light Street

Taxable ValueLand$100,000Additions$221,900Total$321,900
Tax Record2023$7,597 ($633 / month)
Home Facts
Beds0Baths4Total Finished SqFt3,288 SqFtAbove Grade Finished SqFt3,288 SqFtStories3Lot Size1,655 SqFtStyleTownhouseYear Built1920ZoningR-8*CountyBALTIMORE CITYAPN23-12-0981 -010Fireplace TypeHas Fireplace

Schools near 1420 Light Street

This home is within Baltimore City Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Federal Hill Preparatory School
PublicPK to 5

Stadium School
Public6 to 8

Booker T. Washington Middle School
Public6 to 8

Paul Laurence Dunbar 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.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Ben Frederick Realty, Inc.

© 2024 Bright MLS. All rights reserved. All information is deemed reliable, but accuracy is not guaranteed. Listing information is from various brokers who participate in IDX and not all listings may be visible on the site. The property information being provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated on 08/28/2022 04:07 AM