2744 N Calvert St, Baltimore, MD 21218

Property Description

Charles Village Rehab Opportunity with Multiple Paths Forward! ● Flexible Renovation Plan: Maintain two legal apartments and connect the upper floors to create a spacious three-bedroom, two-bath unit, or pursue permits and approvals for three separate legal apartments. ● Income During Planning: Two occupied one-bedroom apartments provide existing income while a new owner develops renovation plans and completes the permitting process, if adding a third unit. ● Johns Hopkins Location: The newly renovated Johns Hopkins School of Education is two blocks away, and a university shuttle stop one block west connects to Homewood, Peabody, the medical campus and other Hopkins locations. ● Good Physical Plant: Three separate gas-fired water heaters, four electric meters and four gas meters provide useful infrastructure for renovation and future utility separation. 2744 North Calvert Street presents a flexible rehab opportunity in the heart of Charles Village. The building is currently licensed for two one-bedroom apartments. Both occupied units have functional but older kitchens and bathrooms ready for renovation, including laminate countertops, wood cabinetry, stainless-steel sinks, 30-inch ranges and cast-iron tubs. The vacant third floor was previously configured as a two-bedroom apartment but is not presently licensed as a separate dwelling unit. The space has vinyl windows, a bathroom with a modern vanity and cast-iron tub, and an incomplete kitchen roughed in for future completion. The building has central gas-fired steam heat, three gas-fired water heaters, four electric meters and four gas meters. The landlord currently pays for heat, hot water and cold water, while tenants pay for the gas and electric used within their apartments. Renovation provides an opportunity to modernize the mechanical systems, separate additional utilities and implement utility reimbursements. The newly renovated Johns Hopkins School of Education is just two blocks away. Nearby university shuttle service expands the potential tenant pool to Johns Hopkins students, faculty, staff and visiting guests associated with Homewood, Peabody and the medical campus. Offered at $295,000, 2744 North Calvert provides multiple paths to create long-term value in one of Baltimore’s most consistently rented neighborhoods.