3-Bedroom home currently rented by Johns Hopkins University students. With a lease ending on 5/31/2022, this home can be advertised for another rental or kept for a homeowner. Homeowners and tenants will enjoy bright and spacious rooms with crown molding and exposed brick walls. R. House and Wyman Park are popular places within a moments walk of 404 W. 28th. Investors enjoy an easy to maintain, low-expense property with steady return.
3-Bedroom Rowhome Details:
Living Room: 16′ x 13′
Kitchen and Dining Room: 28′ x 13′
Bedroom One: 13′ x 13′
Bedroom Two: 9′ x 13′
Bedroom Three: 10′ x 13′
Huge windows are south-facing, allowing the building to have great exposure to natural light many hours of the day. Hardwood floors gleam throughout the living room and open dining room. Every room is accented with crown moldings. Two of the bedrooms on the second floor have large, exposed brick walls. The kitchen has modern, wood shaker cabinets, laminate counters and a 30″ gas range with built-in microwave. A stacked washer and dryer is conveniently located in the kitchen. A fenced yard provides for private, outside enjoyment.
This rental townhome in Remington has gas forced-air heating and central air conditioning. The main water supply from the street to the building has been upgraded to copper. Most observable supply lines are copper or C-PVC and drain lines are PVC. Water is heated by a 2015 AO Smith gas-fired water heater. Traditionally, tenants of a single family home pay all utilities, including the water and sewer bill.
What’s Great About Remington:
According to LiveBaltimore, Remington is known as a quirky, relaxed community of old timers, artists, musicians, professionals and students. As Maryland Institute College of Art (MICA) expands, as well as Johns Hopkins, Remington and nearby neighborhoods like Station North are becoming more and more popular for renters and homeowners alike. I-83 provides easy access to Downtown Baltimore, or northern destinations like Towson or Owings Mills.
$249,500 $193 Per Sq. Ft. 13.6 Times Acutal Rent (GRM) 10.9 Times Market Rent (GRM) 7.38% Cap Rate 7.7% Projected Cash-on-Cash Return
Unless and until there is a written Buyer-Broker Agency Agreement signed with a prospective Buyer, then Ben Frederick Realty, Inc., Ben Frederick Realty, Inc. represents the Seller. Please click here to download the Maryland Real Estate Commission form “Understanding Whom Real Estate Agents Represent”.