What makes this 2 unit mixed use investment property in the heart of Mount Vernon special? A great opportunity to own a well maintained, charming, affordable mixed use investment property in the heart of historic Mount Vernon. Currently fully leased, this property gives a first time buyer an opportunity to get their feet wet with a well maintained mixed use investment property in a great location. The property sets up well for FHA (owner occupied) financing, live in one unit and let the other help pay your mortgage. Check out our House Hacking video to learn more about the advantages of owner occupied investing. Property details of this 2 unit mixed use property. The property is make up is office space on the first floor and nicely finished basement level. Expose brick walls, , open floor plan, full bath and small kitchen make this a nice working space. The office kitchenette has a 2 burner gas cooktop, under counter refrigerator and stainless steel bar sized sink. The fully contained spacious, two level one bedroom, one and half bath has a open, bright feel with historic features including hardwood floors, high ceilings and exposed brick walls. The apartment kitchen has wood cabinets, ceramic tile counter tops, 30″ gas range, 18″ dishwasher, refrigerator and porcelain sink. The apartment also has a full sized washer/ dryer. Who pays the utilities in this investment property? Mechanically, the building is in good shape. The office space (new 2019) and the apartment have separate gas fired forced air heating systems and and central air conditioning. Each unit has a 40 gallons electric hot water heaters. The units are separately metered for gas and electric with 200 Amp main with 100 Amps into each unit with separate panels allowing the tenants to easily pay their own utilities. The roof is torch down rubber. What’s Nearby The location of 127 West Read St. is one of the highlights of the property. It is not surprising the property receives a “Walk Score” of 96 out of 100. It is a 10 minute walk to Penn Station’s Amtrak / MARC and Light Rail, making commuting to Washington, DC or heading to NYC for a meeting an easy task. Within minutes of your front door, you can take in shows at The Lyric and The Meyerhoff Symphony Hall. High end restaurants, museums and world class universities including University of Baltimore School of Law and Johns Hopkins University are close by.
Courtesy of: Ben Frederick Realty, Inc. Listing information provided courtesy of the Bright MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 18th September, 2021 9:07 AM
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