2905 E Federal St, Baltimore, MD 21213

Property Description

Price Improvement! Motivated sellers have adjusted the price, creating an even better opportunity for investors. One unit already leased through 4/2027! Spacious and updated multi-unit property offering strong rental potential and separate utilities throughout. The first-floor/basement unit (Apt. A) features 2 bedrooms, 1.5 baths, a large living room, and an oversized eat-in kitchen with ceramic tile flooring, solid oak cabinetry, gas cooking, dishwasher, refrigerator, and in-unit washer/dryer. Extensive updates in 2023 include a new boiler, stove and hood, carpet, paint, and light fixtures. Additional improvements include an updated bathroom, new flooring, paint, and sump pump (2022), along with a new washing machine (2025). Additional highlights include upgraded 200-amp electric service, club basement access, fenced rear yard access, and open space behind the property for added privacy. The upper-level unit (Apt. B) offers 1 bedroom and 1 full ceramic-tile bath with tub/shower combo. Renovated in 2023, this unit includes a completely new kitchen with new cabinets and quartz countertops, updated bathroom, new water heater, and new HVAC system. Additional features include new vinyl flooring and carpet throughout, refrigerator, microwave, electric range, and updated windows. Apt. B is currently leased through April 2027, providing immediate rental income stability. Property-wide improvements include vinyl replacement windows throughout, current lead certification, separate metering for each unit, and a covered brick front porch. Excellent opportunity for investors or owner-occupants seeking supplemental rental income.