121 W LEE STREET
About This Property
This home is full of surprises! The front door opens to a dramatic main level designed for both comfort and entertaining. Multiple living and sitting areas are anchored by two wood-burning fireplaces at opposite ends, creating warmth and balance throughout. A fully updated kitchen, an adjoining dining room, a cozy family room, and a powder room complete the main level with both style and functionality.
Upstairs, an open staircase leads to a striking sunroom, where vaulted ceilings and a wall of windows and sliding doors frame elevated, tree-lined views-evoking the quiet charm of a private retreat. The primary suite offers vaulted ceilings, a spacious walk-in closet and a beautifully appointed bath, while two additional bedrooms and a second full bath provide ample accommodations for family or guests.
The home continues to surprise with a generously sized lower level, featuring a large bonus room - ideal for hobbies, storage, or creative pursuits, a laundry area, and a large utility space. French doors on the first floor open to two private patios, providing space for outdoor entertaining.
Often described as Federal Hill's quieter and more elegant neighbor, Otterbein is a perfect neighborhood for those with an appreciation for beautiful architecture and the multiple pristine parks that host summer concerts, families, and their pups. Otterbein remains a peaceful retreat from the hustle and bustle of commercial business. Due to the historic nature of these handsome residences, many of them do not provide an off-street parking space, however, they do provide beautiful outdoor living spaces free of telephone poles and electric lines. A zero tolerance parking policy is strictly enforced. Up to two registered car decals and 2 guest parking permits are provided to Area 8 residents. You won't sacrifice convenience to live here. I-95, MARC train, two major league stadiums, shops, Inner Harbor, restaurants, and entertainment are just blocks away.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
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About Southern Baltimore
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017