2745, North Calvert Street, Charles Village, Baltimore, Maryland, 21218, United States
2745 North Calvert Street houses 4 large apartments in an end-of-group townhome on a spectacular block in Charles Village. Tenants enjoy the added natural light provided by this super-sized building’s 19 north-facing windows. A 2-car garage provides additional income to the owner.
Operate this fully-leased building as-is, or explore the endless value-add opportunities made possible by the jumbo floor space and extra windows on each level.
With 1,360 sq. ft. on each floor, these apartments have large living spaces and bedrooms. The first floor is shared between the 2 one-bedroom apartments. The second and third floor each have a two-bedroom, two-bath apartment. The basement is unfinished, and there is a 2-car detached garage in the rear.
Galley-style kitchens have sturdy laminate counters, a mix of laminate, wood, and metal cabinets, and gas ranges. Bathrooms contain a mix of wall-mounted and pedestal sinks, cast iron and claw-foot tubs, and ceramic and vinyl tile floors. Well-preserved hardwood floors run throughout the living areas and bedrooms.
As an end-of-group, this 4-unit townhome gets lots of natural light with windows on three sides. Paired with tall ceilings and spacious rooms, these apartments give a sense of grandeur that can only be seen in a historic Baltimore property.
Each apartment is separately metered for gas and electric. Two tandem gas-fired water heaters provide hot water for the apartments. A gas-fired hot water boiler provides heat, distributed through a radiator system to the apartments. The landlord pays for these utilities, and for the public service electric.
The tenants share coin-operated laundry in the basement.
The water is billed back to the tenants, increasing the profitability of the investment for the landlord.
Located in the “Hopkins Zone”, this building is just four blocks from Johns Hopkins University Homewood Campus . Tenants enjoy the shops and restaurants in the Charles Village shopping district. One block away is the Johns Hopkins Shuttle stop at 27th and Saint Paul–an easy walk for tenants who might commute to Hopkins’ other Baltimore campuses. 2745 North Calvert Street earns a WalkScore of 90, “Walker’s Paradise”, TransitScore of 62, and a BikeScore of 86. The block is patrolled by Hopkins campus security, and is served by the Charles Village Benefits District. This nonprofit organization helps keep the district clean, organizes security patrols, and hosts community events.
$575,000 $143,750 Per Unit $141 Per Sq. Ft. 9.7 Times Actual Rent (GRM) 9.5 Times Market Rent (GRM) 7.05% Cap Rate 10.0% 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”.
Owning a home is a keystone of wealth… both financial affluence and emotional security.Suze Orman