317 E 33rd St: 3 Bedroom Rental Home Just Blocks from Hopkins University!

317 E 33rd St: 3 Bedroom Rental Home Just Blocks from Hopkins University!

317 E 33rd St: 3 Bedroom Rental Home Just Blocks from Hopkins University!

317, East 33rd Street, Abell, Baltimore, Maryland, 21218, USA

For Sale

$260,000 For Sale

Property ID :

 RH-11974-property

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Units
3
Bathrooms
2.5
Year Built
1990

Description

This 1552 square foot brick townhouse contains 3 large bedrooms plus a large living room, kitchen with island, separate dining room, covered front porch, and a full basement providing plenty of living space for the tenants.

The kitchen is updated with solid wood cabinets and laminate counters, and durable slate floor with stainless steel appliances including dishwasher. Clothes washer/dryer in basement.

2 full bathrooms, each with a modern vanity; second floor has an original clawfoot tub. Updated half bath on the first floor gives a bathroom on each of the three floors.

The living areas have original (refinished) hardwood floors and crown molding. A decorative fireplace in the dining room adds to the historic charm of this home.

The property has a proper lead inspection certificate and has passed the new Baltimore City rental licensing inspection.

Located just 2 blocks from the Charles Village Shopping District, with its Chipotle, Starbucks, Barnes and Noble Bookstore, Eddie’s supermarket, CVS Pharmacy and Bank of America make this a super convenient location.  The Saturday Waverly Famer’s Market is a short 1 block walk.  Johns Hopkins University Homewood Campus is a short 3 blocks away while Union Memorial Hospital is across the street.

Currently rented for $2,350 per month, through May 31, 2020. Close proximity to Hopkins University ensures that this building leases easily for top-market rents. Priced at a reasonable $260,000, this valuable asset is sure to sell soon!

INVESTMENT SUMMARY:
$260,000 investment
$168 per square foot
9.2  times gross annual rent
8.4% cap rate
12.6% cash-on-cash return on investment

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