911 N. Calvert St: Mount Vernon 4 Unit Apartment Property

911 N. Calvert St:  Mount Vernon 4 Unit Apartment Property

911 N. Calvert St: Mount Vernon 4 Unit Apartment Property

15421 Southwest 39th Terrace, Miami, FL 33185, USA

SOLD COMP

Property ID :

 RH-9238-property

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Description

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.

911 N. Calvert Street is a fully leased 4-unit apartment property.  Each tenant pays their own electric.  The landlord pays for heat and hot water.  These are moderately priced apartments, with an average rent of $910, which are attractive to a stable tenant base.  It is possible to separate the cost of heat.  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 911 N. Calvert Street today!

INVESTMENT SUMMARY:
$445,000 Investment
$111,250 per unit
$171 per sq.ft.
9.7 GRM
7% cap rate
7.4% cash-on-cash return on investment

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