2815, North Calvert Street, Charles Village, Baltimore, Maryland, 21218, United States of America
Fully occupied, 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. Landlord pays for heat and water. Increase your income by having tenants split these utilities upon lease renewals!
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. Rent as-is, or renovate to increase value and raise rents!
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. 7.7 Times Actual Rent (GRM) 7.0 Times Market Rent (GRM) 7.73% Cap Rate 9.5% Cash-on-Cash Return