2815, North Calvert Street, Charles Village, Baltimore, Maryland, 21218, United States of America
For Sale - Under Contract
Legally zoned and licensed for 6 units: purchase this building today and build your apartment portfolio in hot Charles Village!
This porch-front building houses 2 2-bedroom apartments, 2 1-bedroom apartments, and 2 studio apartments. 2-car parking pad in rear brings in additional monthly rent. Rent as-is, or renovate to increase value and raise rents!
Located just blocks from Johns Hopkins University Homewood Campus and Union Memorial Hospital, there is a constant need for these apartments from students, nurses, doctors, techs, and support staff. Currently biotech is booming; Baltimore’s rental market, and especially the Charles Village submarket, is sure to stay strong!
Tenants enjoy a short walk to class or work, and an easy commute to other parts of Baltimore. Most daily errands can be accomplished by walking, as Charles Village shopping district is just two blocks away. 2815 Calvert St. has a WalkScore of 90, a TransitScore of 61, and a BikeScore of 86.
Schedule your tour of this income-producing building today!
Investment Summary: $435,000 $72,500 Per Unit $144 Per Sq. Ft. 10.2 Times Actual Rent (GRM) 7.0 Times Market Rent (GRM) 7.62% Cap Rate 10.0% 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