Description
2304 Eutaw Place is a legally zoned, five-unit multifamily property located in the historic and architecturally significant Reservoir Hill neighborhood of Baltimore. Built in 1907, the property has been extensively updated over the past five years and is fully occupied with current, paying tenants, making it an excellent turnkey investment opportunity.Each of the five residential units features modern finishes including hardwood flooring, updated kitchens with stainless steel appliances, in-unit washers and dryers, and high ceilings with generous natural light. The unit mix includes one 3-bedroom, two 2-bedroom/1-bath units, and two 2-bedroom/2-bath units. All utilities are separately metered for gas and electric; tenants are responsible for their own utility costs, while the owner pays for water. Off-street parking is available in the rear of the building for tenant use.Recent improvements include a full roof replacement completed approximately two years ago and ongoing interior and systems upgrades throughout the building. With a current gross monthly rental income of $7,245 (or $86,940 annually), this property offers strong in-place cash flow with upside potential in one of Baltimores most enduringly popular neighborhoods.Located just steps from Druid Hill Park, MICA, Bolton Hill, and with easy access to I-83 and public transit, 2304 Eutaw Place is ideally positioned for sustained rental demand and tenant retention.
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0BEDS
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0.11ACRES
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0BATHS
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01/2 BATHS
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6,702SQFT
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$164$/SQFT
Description
2304 Eutaw Place is a legally zoned, five-unit multifamily property located in the historic and architecturally significant Reservoir Hill neighborhood of Baltimore. Built in 1907, the property has been extensively updated over the past five years and is fully occupied with current, paying tenants, making it an excellent turnkey investment opportunity.Each of the five residential units features modern finishes including hardwood flooring, updated kitchens with stainless steel appliances, in-unit washers and dryers, and high ceilings with generous natural light. The unit mix includes one 3-bedroom, two 2-bedroom/1-bath units, and two 2-bedroom/2-bath units. All utilities are separately metered for gas and electric; tenants are responsible for their own utility costs, while the owner pays for water. Off-street parking is available in the rear of the building for tenant use.Recent improvements include a full roof replacement completed approximately two years ago and ongoing interior and systems upgrades throughout the building. With a current gross monthly rental income of $7,245 (or $86,940 annually), this property offers strong in-place cash flow with upside potential in one of Baltimores most enduringly popular neighborhoods.Located just steps from Druid Hill Park, MICA, Bolton Hill, and with easy access to I-83 and public transit, 2304 Eutaw Place is ideally positioned for sustained rental demand and tenant retention.
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