312, East 33rd Street, Oakenshawe, Baltimore, Maryland, 21218, United States of America
312 E 33rd St. is an updated 4-bedroom, 1.5-bathroom rowhome just 3 blocks away from Johns Hopkins University Homewood campus. Rental homes this close to the University are in high demand for the student rental population; and single-family homes are easy to manage and maintain as all utilities and grounds-keeping are paid for by tenants. Buy this building just in time for the hot rental season!
Recent upgrades include a ceramic-tile bathroom, new stainless steel appliances in the kitchen, and clothes washer/dryer in basement. These amenities compliment this home’s historic character, including refinished original veneer hardwood floors, stained glass windows, and original staircase banister. The full, finished basement offers plenty of space for storage or extracurricular activities.
Tenants in this block enjoy a short walk to the Johns Hopkins University Homewood Campus, Union Memorial Hospital, the Charles Village shopping district, and the Waverly farmer’s market. There is also easy access to public transportation and bike routes. 312 E 33rd St. has a WalkScore of 96, a TransitScore of 57, and a BikeScore of 76. Safety is guaranteed by Hopkins Univesity Security and Union Memorial Security, both of which patrol this area.
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Investment Summary: $270,000 $157 Price Per Sq. Ft. 7.5 Times Market Rent (GRM) 10.41% Cap Rate 19.2% Projected Cash-on-Cash Return