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521 S Wolfe St - Fell's Point 3 Unit

3 Unit Apartment Building Offered at £451,035 at a 7.89% Net Initial Yield in Baltimore, MD 21231

Investment Highlights

  • Three Blocks from Thames Street’s Scenic Waterfront
  • Separately Metered, with Individual Heating, Cooling, and Hot Water
  • Turn-Key Apartments Offer a Stable Investment

Executive Summary

Tenants enjoy the best of Baltimore living at 521 South Wolfe Street. Apartment One is a two-bedroom, one-bathroom unit spanning three stories and including a chic loft bedroom. Recently renovated, the kitchen features granite countertops, shaker cabinets, and a full suite of stainless steel appliances. The combination of contemporary finishes and historic touches provides an inviting and sophisticated atmosphere.
Apartments Two and Three are each one-bedroom units. Their kitchens feature easy-to-clean laminate countertops and wood cabinets, with electric ranges and dishwashers. Each of these units boasts outdoor living space as well: a rear wood deck for Apartment Two and a concrete patio for Apartment Three.
521 South Wolfe Street is all-electric, featuring four separate electric meters. Each apartment is equipped with its own electric heat pump, air conditioning, and water heater, ensuring comfort and efficiency. In-unit washers and dryers are a “must-have” for modern tenants.
The landlord employs a utility bill back program for public service utilities, offering a convenient and cost-effective solution for managing utility expenses. Tenants pay their own electric for each unit.
Fell’s Point is renowned for its historic character, bustling waterfront, and vibrant community. Residents of 521 South Wolfe Street can enjoy easy access to the picturesque Thames Street, lined with boutique shops, trendy cafes, and lively pubs. The proximity to the waterfront provides opportunities for scenic walks, water activities, and outdoor recreation. Additionally, the neighborhood’s rich history and unique architecture create a charming and inviting atmosphere, making it a sought-after destination for both locals and visitors.
Whether you’re looking to expand your investment portfolio or find a new place to call home, 521 South Wolfe Street offers a fantastic opportunity to experience the best of Fells Point living.

Attachments

Wolfe521

Property Facts

Price £451,035
Price Per Unit £150,345
Sale Type Investment
Net Initial Yield 7.89%
Gross Rent Multiplier 9.9
No. Units 3
Property Type Residential
Apartment Style Townhome
Lot Size 0.04 AC
Building Size 2,250 SF
Number of Floors 3
Year Built 1920

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
1+1 2 - -
2+1 1 - -
Walk Score ®
Walker's Paradise (99)
Transit Score ®
Excellent Transit (76)
Bike Score ®
Very Bikeable (87)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

zoning

Zoning Code R8 (Licensed for 3 Dwelling Units.)
R8 (Licensed for 3 Dwelling Units.)
  • Listing ID: 32458378

  • Date on Market: 14/07/2024

  • Last Updated:

  • Address: 521 S Wolfe St, Baltimore, MD 21231

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