Mount Vernon is one of Baltimore’s strongest and most endearing rental markets. Historically high occupancy rates enhance ease of management and financial performance. Peabody Conservatory is just 4 blocks away, the Charles Street business district is two blocks away with its many restaurants, bars, and cultural attractions, including Center Stage, the Walters Art Gallery and Symphony Hall.
905 N. Calvert Street is a fully leased 4-unit apartment property with tenants paying all utilities. These are moderately priced apartments, with an average rent of $850, which are attractive to a stable tenant base. Kitchens and bathrooms are serviceable and in good condition. There is opportunity to upgrade the amenities in this building and thus increase rents.
Calvert Street Lofts, for example, at 824 N Calvert Street are new apartments renting for $1,400 for a one-bedroom and $2,200 for a two-bedroom.
Get in on the action with an investment in 905 N. Calvert Street today!
$111,250 per unit
$168 per sq.ft.
7.1% cap rate
7.6% cash-on-cash return on investment
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