2426 Eutaw Place, Reservoir Hill – Investor Opportunity
Contact Agent
Ben Caplan
4438107975
2426 Eutaw Place Baltimore, MD 21217
Price:
$285,000
Property Details:
Type
Townhome
Beds
6-9
Baths
3
Rent Range
$4500-$6500
Est. ARV
$800,000
Square Ft
4824
Year Built
1907
Property Description:
Rare value-add opportunity in the heart of Reservoir Hill! This expansive 4,800 sq. ft. property is currently configured as three units with separate gas and electric meters, while being zoned as a single-family home. A full renovation is needed, but the upside is exceptional.
The layout offers multiple exit strategies. Restore it into a stunning luxury single-family residence with the potential for 6–9 bedrooms, or create an ideal property for recovery housing, assisted living, healthcare staff housing, or other shared living concepts (subject to zoning and approvals). The large basement has ceiling height that may allow for additional finished living space or another unit, where permitted.
Situated in the highly sought-after Reservoir Hill Historic District, the home features incredible historic character, a large yard with ample room for off-street parking, and is being offered at approximately one-third of its estimated after-repair value (ARV). Opportunities with this much size, flexibility, and upside are hard to find.
Recent Comps:
https://matrix.brightmls.com/DE.asp?ID=DE-296400882612&eml=YmVuQHJldm9sdXRpb25hcnlob21lYnV5ZXJzLmNvbQ==
Property Location
2426 Eutaw Pl, Baltimore, MD 21217, USA
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