1648 E Fort Ave, Baltimore, MD 21230

Completely custom renovation Multi-unit dwelling, U&O permit, Lead cert and Rental license all on hand, U&O permit, Lead cert and Rental license all on hand. As of March 2020, the property is fully occupied and generating maximum income over $5,000/month! from the two tenants. The existing commercial tenant, Ice Queens, has a 5 year lease for the bulk of the first floor and the basement. There is a half bathroom on the 1st floor, retail area for customers and large commercial kitchen. The finished basement has another kitchen, bedroom, full bathroom, breakfast nook, living room and utility/storage room with walk-in closet and original cellar stairs leading to the exterior. The rent is $2250/month in years 1 and 2, $2350/month in years 3 and 4, and $2450/month in year 5. In addition to the monthly rent, the commercial tenant also pays 50% of the annual property tax, 50% of the annual property insurance, their own BGE account and anything over $70/month toward the water bill. Please stop by for a snowball and check them out!! The upstairs residential apartment is currently occupied on a 12 month lease that began in May, 2020. This residential tenant pays $2500/month (Was $2600/month but offered a $100/month COVID-19 discount) plus their own BGE account and the first $70/month of the water bill. This apartment occupies the 2nd and 3rd floor but does have its own private ground level entrance with garage, 3 bedrooms, 2 full bathrooms, laundry room, hallway closets/storage, gourmet kitchen, living room, dining room and outdoor patio that was just completely renovated by Four Twelve Roofing Company in July, will carry a 20 year warranty, and has beautiful city views. Gorgeous property, structurally reinforced everywhere, beautifully done. Right now, today, this property is generating $4850/month, plus 50% of the annual property tax, plus 50% of the annual property insurance, all utilities paid except for $70/month of the water bill! With very little monthly or annual maintenance. My home is not currently represented by an agent, it is listed as ‘For Sale By Owner’. I am not interested in listing with an agent so please do not contact me offering your services. I will, however, gladly compensate any broker whom may bring the buyer. Feel free to call or email with any and all questions or for more specific info; khanmanagementgroup@hotmail.com 410.746.6226