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Listed by homecoin.com Minerick • Homecoin.com

$370,000

Est. payment - /mo

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2,432 SqFt

Active

1051-1053 DESOTO RD Baltimore, MD 21223

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Key Details

Property Type Multi-Family, Townhouse

Sub Type End of Row/Townhouse

Listing Status Active

Purchase Type For Sale

Square Footage 2,432 sqft

Price per Sqft $152

Subdivision Morrell Park

MLS Listing ID MDBA2212750

Style Traditional,Side-by-Side,Unit/Flat

Abv Grd Liv Area 2,432

Year Built 1942

Annual Tax Amount $2,429

Tax Year 2025

Lot Size 6,003 Sqft

Acres 0.14

Lot Dimensions 49x122'6

Property Sub-Type End of Row/Townhouse

Source BRIGHT

Property Description

Rare investment opportunity to acquire a contiguous 4-unit portfolio consisting of two side-by-side brick duplexes at 1051 and 1053 Desoto Rd in Baltimore's Morrell Park area. This package generates combined gross monthly income of approximately $4,500, or approximately $54,000 per year, with immediate turn-key rental performance.

The properties feature consistent occupancy, separately metered gas and electric, public water and sewer, solar energy service through Sunrun, and recent updates including flooring, interior paint, bathroom fixtures, and serviced HVAC systems. 1053 Desoto is an end-unit property, while 1051 Desoto is the adjoining center-unit property.

The portfolio sits at the corner of Cowan Rd and Desoto Rd, with Desoto Rd located off Wilkens Avenue. The location is minutes from Ascension Saint Agnes Hospital, I-95, I-295, MARC access, and nearby commuter routes. Both properties offer private rear space and are being sold as-is. Lead Risk Reduction Certificates are available.

Location

State MD

County Baltimore City

Zoning R-6

Rooms

Basement Rear Entrance, Walkout Stairs, Sump Pump, Walkout Level, Poured Concrete, Partial, Unfinished, Outside Entrance

Interior

Hot Water Natural Gas

Heating Forced Air, Central

Cooling Ceiling Fan(s), Window Unit(s)

Flooring Hardwood, Laminated, Carpet

Equipment Refrigerator, Oven/Range - Gas

Fireplace N

Window Features Insulated,Screens,Sliding

Appliance Refrigerator, Oven/Range - Gas

Heat Source Natural Gas

Exterior

Exterior Feature Balcony, Deck(s), Patio(s), Porch(es)

Garage Spaces 4.0

Parking On Site 4

Utilities Available Water Available, Natural Gas Available

Water Access N

View Street

Roof Type Flat,Asphalt

Accessibility None

Porch Balcony, Deck(s), Patio(s), Porch(es)

Total Parking Spaces 4

Garage N

Private Pool No

Building

Foundation Brick/Mortar, Concrete Perimeter

Above Ground Finished SqFt 2432

Sewer Private Sewer

Water Public

Architectural Style Traditional, Side-by-Side, Unit/Flat

Additional Building Above Grade, Below Grade

Structure Type Brick,Dry Wall,Plaster Walls,Wood Ceilings

New Construction N

Schools

School District Baltimore City Public Schools

Others

Tax ID 0325027772 048Q- 0325027772048P

Ownership Fee Simple

SqFt Source 2432

Acceptable Financing Cash, FHA, FHA 203(k), FHLMC, FHVA, FMHA, FNMA, Negotiable

Listing Terms Cash, FHA, FHA 203(k), FHLMC, FHVA, FMHA, FNMA, Negotiable

Financing Cash,FHA,FHA 203(k),FHLMC,FHVA,FMHA,FNMA,Negotiable

Special Listing Condition Standard

NEARBY SCHOOL & BUSINESS

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1051-1053 DESOTO RD Baltimore, MD 21223

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Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOL & BUSINESS

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1051-1053 DESOTO RD