505 Mc Mechen Street

Baltimore, MD 21217

$219,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

$2700 rental income per month. $1100 expenses, $1600 net income per month, $19,200 per year. Wonderful opportunity to own a legally zoned 3 unit building, right next to bolton hill. Appraised at $330k, that leaves $100k equity. Each unit contains 1br and bath, fully renovated and never lived in. Start earning income today, bring your own tenants, easy to show and easy to sell.  Showings start saturday, march 13, 2021.

Property Details for 505 Mc Mechen Street

Legal Subdivision
Ward 14
Municipality
Baltimore City
Ownership
Fee Simple
Style
Colonial
Structure Type
Interior Row/Townhouse

Location

Listing Courtesy of Taylor Properties

Property Details for 505 Mc Mechen Street

StatusExpired
MLS #MDBA2000178
Days on Market85
Taxes$708 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1920
Lot Size0.06 AC / 2,656 SF
CountyBaltimore

Contact a Compass agent

Location

Listing Courtesy of Taylor Properties

Building Information for 505 Mc Mechen Street

Stories-Residences3Year Built1920Building Size-Lot Size0.06 AC / 2,656 SF

Payment Calculator

$793 per month

30 year fixed, 2.95% Interest

Principal and Interest

$734

Property Taxes

$59

HOA Dues

$0

Property Information for 505 Mc Mechen Street

Location Info
    School Info
  • School District Name: BALTIMORE CITY PUBLIC SCHOOLS
  • School District County ID: 121137830454
    Location Info
  • Section: 12
  • In City Limits: Yes
  • Tidal Water: No
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Waterfront: No
Association / Community Info
    Association / Community Info
  • HOA: No
Taxes and Assessment Info
    Tax Info
  • Tax Annual Amount: $708
  • Tax Year: 2021
  • County Tax: $33
  • City Town Tax: $674
  • Clean Green Assessed: No
  • Zoning: R-8
  • Tax Lot: 015
  • Tax ID Number: 0314120362 015
    Assessment Info
  • Tax Assessed Value: $30,000
  • Year Assessed: 2021
  • Improvement Assessed Value: $23,000
  • Land Assessed Value: $7,000
Financial Info
    Ground Rent
  • Ground Rent Exists: No
    Utilities
  • Cooling Fuel: None
  • Heating Fuel: Natural Gas
  • Hot Water: Natural Gas
  • Sewer Septic: Public Sewer
  • Water Source: Public
Rent Info
    Rent Info
  • Existing Lease Type: None
Building Info
    SQFT
  • Above Grade Finished SQFT: 0
  • Below Grade Finished SQFT: 0
  • Below Grade Unfinished SQFT: 0
  • Total Finished SQFT: 0
  • Tax Total Finished SQFT: 0
    Structure
  • Building Units Total: 3
  • Other Structures: Above Grade, Below Grade
  • Accessibility Features: None
  • Construction Materials: Brick
  • New Construction: No
    Unit Info
  • Single Room Units Count: 0
  • One Bedroom Units Count: 3
  • Two Bedroom Units Count: 0
  • Three Bedroom Units Count: 0
Lot Info
    Lot Info
  • Property Type: Multi-Family
  • Land Use Code: 003
  • Lot Size Source: Estimated
  • Lot SQFT: 2656
  • Lot Size Acres: .06
  • Navigable Water: No
  • Property Condition: Very Good
  • Age: 1920
Parking
    Parking
  • Garage: No
  • Type Of Parking: On Street
Interior Features
    Interior Features
  • Central Air: No
  • Cooling Type: None
  • Heating: Yes
  • Heating Type: Forced Air
Exterior Features
    Exterior Features
  • Pool: No Pool

Property History for 505 Mc Mechen Street

DateEvent & SourcePriceAppreciation
May 28, 2021

Expired

BRIGHT #MDBA2000178

May 26, 2021

Withdrawn

BRIGHT #MDBA2000178

Apr 2, 2021

Price Change

BRIGHT #MDBA2000178

$219,000
DateEvent & SourcePrice
05/28/2021

Expired

BRIGHT #MDBA2000178

05/26/2021

Withdrawn

BRIGHT #MDBA2000178

04/02/2021

Price Change

BRIGHT #MDBA2000178

$219,000

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

Public Records for 505 Mc Mechen Street

Taxable ValueLand$7,000Additions$23,000Total$30,000
Tax Record2021$708 ($59 / month)
Home Facts
Beds0Lot Size2,656 SqFtStyleSingle Family ResidenceYear Built1920ZoningR-8CountyBALTIMORE CITYAPN0362 015

Schools near 505 Mc Mechen Street


SchoolTypeGradesDistanceRating
Eutaw-Marshburn Elementary SchoolPublicPK-50.2 mi
2
Booker T. Washington Middle SchoolPublic6-80.2 mi
NR
Renaissance AcademyPublic9-120.2 mi
1
Bethel Christian SchoolPrivatePK-50.2 mi
NR

Eutaw-Marshburn Elementary School

PK-5, 0.2 mi, Public

2

Booker T. Washington Middle School

6-8, 0.2 mi, Public

NR

Renaissance Academy

9-12, 0.2 mi, Public

1

Bethel Christian School

PK-5, 0.2 mi, Private

NR

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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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. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Taylor Properties

© 2021 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 05/29/2021 12:02 AM