4 Beds
4 Baths
1,216 SqFt
4 Beds
4 Baths
1,216 SqFt
Key Details
Property Type Townhouse
Sub Type Interior Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 1,216 sqft
Price per Sqft $304
Subdivision Mill Hill
MLS Listing ID MDBA2234662
Style Other
Bedrooms 4
Full Baths 4
HOA Y/N N
Abv Grd Liv Area 1,216
Year Built 1942
Annual Tax Amount $4,716
Tax Year 2026
Lot Size 5,980 Sqft
Acres 0.14
Lot Dimensions 19'2\" x 122'6\"
Property Sub-Type Interior Row/Townhouse
Source BRIGHT
Property Description
The offering consists of two side-by-side brick duplexes totaling four residential units, with all units currently leased. Recent improvements include flooring, paint, bathroom fixtures, and serviced HVAC systems, providing a solid physical foundation for continued operations while limiting the need for significant immediate capital improvements.
ATTRACTIVE IN-PLACE CASH FLOW
1051 & 1053 Desoto Road presents an opportunity to acquire a fully leased four-unit multifamily portfolio for $370,000, generating approximately $29,751 of annual NOI. The offering provides investors with an approximately 8.0% in-place capitalization rate, delivering immediate cash flow from a stabilized, fully occupied residential portfolio.
STRATEGIC MORRELL PARK LOCATION
Situated in Baltimore's Morrell Park neighborhood, the property offers convenient access to major transportation routes, employment centers, and area amenities. The property is approximately five minutes fromI-95/Beltway access and Ascension Saint Agnes Hospital, eight minutes from I-295, 10 minutes from the west Baltimore MARC station, and 12minutes from Downtown Baltimore. The property is also adjacent to the
Wilkens Avenue commercial corridor and within a short walk of Morrell Park Elementary.
LOW-COMPLEXITY MULTIFAMILY INVESTMENT
The four-unit configuration offers an efficient scale of ownership while maintaining the benefits of a diversified multifamily asset. with 100%occupancy, separately metered gas and electric, four assigned parking spaces, and recent servicing of the HVAC systems, the property provides an ownership profile designed to minimize day-to-day operational complexity. The compact portfolio allows an investor to capture multifamily rental income without the management demands typically associated with larger, more operationally intensive assets.
Location
State MD
County Baltimore City
Zoning R-6
Rooms
Basement Other
Main Level Bedrooms 4
Interior
Hot Water Other
Heating Radiator
Cooling Other
Heat Source Other
Exterior
Exterior Feature Porch(es)
Water Access N
Accessibility None
Porch Porch(es)
Garage N
Private Pool No
Building
Story 2
Foundation Wood
Above Ground Finished SqFt 1216
Sewer Public Sewer
Water Public
Architectural Style Other
Level or Stories 2
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Baltimore City Public Schools
Others
Senior Community No
Tax ID 0325027772 048P
Ownership Fee Simple
SqFt Source 1216
Special Listing Condition Standard
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