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$124,900

Beds
3
Baths
1.5
sq ft
Unknown

1823 Ramsay St, Baltimore, MD 21223

1823 Ramsay St

BALTIMORE, MD 21223

  • 17 days on market
Investors and homebuyers alike, take note! This exceptional property offers versatility as both a strong investment opportunity and a comfortable primary residence. Currently occupied by a reliable tenant paying $1,600 per month, the property generates a gross cap rate of 15% and a net cap rate of 13%, factoring in current operating expenses. For homebuyers, this presents a chance to secure a beautifully updated home in a prime location with rental income potential or future equity growth. Renovated within the last three years, this 3-bedroom, 1.5-bathroom home features an open floor plan perfect for entertaining, recessed lighting, durable LVP flooring, and a stylish kitchen equipped with stainless steel appliances. The exposed brick in the living room creates a warm and inviting aesthetic, while the main-level laundry, central A/C, and forced air heat provide modern comfort and convenience. The private backyard is an ideal spot for outdoor relaxation or hosting gatherings. Situated just 10 blocks west of the Inner Harbor, the property is within close proximity to Baltimore’s stadiums, dining, shopping, and all the vibrant attractions downtown has to offer. Whether you're an investor seeking immediate cash flow or a homebuyer looking for a residence in a fantastic location, 1823 Ramsay St. is a property that meets your needs. Don’t miss out on this rare opportunity!

Details

Property type

Townhouse

Lot size

Unknown

Price per sq ft

Unknown

Year built

1920

Annual property taxes

$543

HOA

No

Price History

12/16/2024
Bright

Bright #MDBA2149604

Listed
$124,900
-0.08%
12/06/2024
Bright

Bright #MDBA2138100

Removed
$125,000
11/12/2024
Bright

Bright #MDBA2138100

Price change
$125,000
-3.85%

Schools & Community

Neighborhood: 

Carrollton Ridge

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

BALTIMORE CITY PUBLIC SCHOOLS

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Kg Premier Properties Llc

Loan start date

July 2023

Original loan amount

$123,000

Est. remaining balance

Not provided

Interest rate

6.57%

Loan type

Purchase Money Mortgage

Seller

514 N Pulaski Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 12/22/2024 at 4:15 PM

Listing updated: 12/16/2024 at 7:39 PM

Listed by: Timothy Lee Joseph Dominick, Coldwell Banker Realty Phone #: (410) 823-2323

MLS: Bright #MDBA2149604

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