The Baltimore Maryland Agent: February 2016

Investment Opportunity in Fells Point

 ***UPDATE***This property has sold

 

Baltimore's Fells Point neighborhood is known for quaint maritime properties. It's a signature vibe that gives this city neighborhood tons of personality. From cobblestone streets along the waterfront to equestrian fixtures left over from the nineteenth century, Fells Point is one of Baltimore's most legendary locales. 

 

 

storm brewing in Fells Point

 

 

This winter guerilla realty has the opportunity to offer a property for sale that has not been on the market in roughly forty years. That may seem like a long time but with an estimated construction date of 1840, this pre-civil war property has definitely seen some history....welcome to 2104 Cambridge St Baltimore, Maryland 21231. 

 

 

2104 Cambridge St Baltimore MD 21231

 

 

The home is on the crossroads of three Baltimore neighborhoods; Fells Point, Butchers Hill, and Canton. This means that you are within striking distance of Patterson Park, the waterfront attractions, and more restaurants and bars to explore than just about anywhere else in the city.

 

 

dining room at 2104 Cambridge St

 

 

The interior of this approximately 1500 square foot home (according to the tax record) is in fairly good shape. The original hardwood floors are intact, the wood trim on the arched doorways is a later addition. This image shows a wood burning fireplace in the dining room with a glimpse into the front living room. 

 

 

library at 2104 Cambridge St

 

 

 

While we've listed the property as a two bedroom home, there is extra space to be had in a room we are calling the library (or second floor living room).  The layout of this home is from an era when the spacial design was room-to-room, hallways were not common.... and to that point there are no hallways in this home. 

 

 

 

 

 

A view of the master bedroom where the closets are a smart later-addition. When this home was built you were more likely to store what little clothing you had in an armorie. See the varying widths of the planks in the hardwood floor? Another good indicator of age. 

 

 

top floor at 2104 Cambridge St

 

 

 

The second bedroom occupies the entire third floor of the home. It feels like a cozy escape. The wood beams in the ceiling add great character to the space. The property may be circa 1840, but you won't have to do without central air conditioning....see the vent near the window? The owner noted that the HVAC furnace was replaced within the past five years. 

 

 

kitchen at 2104 Cambridge St

 

 

 

So what makes this an investment property? The kitchen and bathroom could use some updating. The property was a rental property for many years and these two areas aren't terribly exciting. With one notable exception, this is a historic Ikea kitchen. Remember Ikea in the 1980's?

 

The property is priced at a compelling $189,000 - and if you know Baltimore real estate, finding a home like this below Eastern Ave for less than $200,000 is rarity. The property also has a side yard that is an excellent candidate for transformation into a secret garden. 

 

2104 Cambridge St is a ground rent property. CHAP renovation tax credit potential may be available to the new owner. Whether you are seeking quality rental properties to add to your portfolio or a first time home-buyer looking for something with historic charm. This investment opportunity in Fells Point is worthy of consideration. 

 

This property is available to be previewed by appointment. Equal Housing Opportunity. 

Rachel Rabinowitz

Broker / Owner Guerilla Realty  and

Vice President Tranzon Fox Auctions

443.841.5916 direct

rachel@go-guerilla.com / rrabinowitz@tranzon.com

 

 

 

Comment balloon 2 commentsRachel Rabinowitz • February 11 2016 12:56PM
Investment Opportunity in Fells Point
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***UPDATE***This property has sold Baltimore's Fells Point neighborhood is known for quaint maritime properties. It's a signature vibe that gives this city neighborhood tons of personality. From cobblestone streets along the waterfront to… more