A great opportunity to own an income-producing property in a celebrated Baltimore neighborhood! Take advantage of today’s low interest rates and capture a 15.8% cash-on-cash return on investment and a 9.17% cap rate on this building!
2012 North Calvert has 3 2-bedroom apartments, 1 1-bedroom apartment, and a 1-car garage. With all pvc and copper plumbing, a newer rubber roof, and modern bathrooms and kitchens, a new owner can expect low maintenance costs. Each unit is separately metered for gas & electric.
Charles North is known for its eclectic art and music venues, alongside many niche bars and restaurants. Located centrally in Baltimore and directly north of Penn Station, tenants have an easy commute to Baltimore or the D.C. area. 2012 North Calvert has a WalkScore of 92, and TransitScore of 76, and a BikeScore of 87.
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$89,761 Per Unit
$164 Per Sq. Ft.
9.7 Times Actual Rent (GRM)
8.4 Times Market Rent (GRM)
8.81% Cap Rate
15.9% 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”.