7 S Broadway, Baltimore, MD 21231, USA
For Sale - Under Contract
$525,000 For Sale
Here is a great opportunity to acquire 5 recently renovated (2014) lead free apartments in Historic Washington Hill less than 1/2 mile from Johns Hopkins Hospital. The unit mix of 1 studio, 3 one bedrooms and 1 three bedroom , 2 bath apartments adds variety and appeal to prospective tenants.
The building was totally renovated in 2014. Each apartment has its own electric heat pump with central air and separate electric hot water heater. A recent fresh coat of paint and new carpets were recently installed throughout. Tenants pay all utilities. Washer/ Dryer in the basement is coin operated and managed by an outside vendor. There is 2 car brick garage in rear that could be leased separately or offered to tenants. The basement is unfinished and offers plentiful storage.
The property is walking distance from Johns Hopkins Hospital and close to the restaurant and cools shops of vibrant Fells Point neighborhood.
This property has a great Walk Score of 93, a “Walker’s Paradise”; a bicycle score of 79 “very bikeable”, and a 74 Transit Score for “excellent transit”.
Priced at $525,000 or $105,000 per unit, this building is priced at a 7.8% cap rate