Two 4-Bedroom rental houses, which were fully renovated in 2006, plus 4 rental garages on a separate buildable lot. Get instant cash flow now, with the opportunity to build up to 4 apartment units right next door! These are 3 separate, legal lots: 2007 Girard Ave., 2009 Girard Ave., and 2011 Girard Ave. Both homes are leased through Summer, 2021.
All new electric, plumbing, and gas-fired furnaces with central air conditioning. Roofs are new and in good shape. Kitchens feature abundant cabinet space. 2007 Girard boasts 42″ cabinets and granite counters. Both feature stainless steel appliance packages including full size gas range, deluxe sized refrigerator, dishwasher, disposal and built-in microwave oven. Basements are fully finished and livable.
Both houses are rented at market rates to millennials. Fenced yards with large, outdoor decks allow tenants to enjoy the outdoors. Generous bedroom sizes, full size washer and dryer and gourmet kitchens help keep these homes rented long term.
Situated in Woodberry, close to TV Hill. The property offers beautiful views of the downtown skyline and Druid Hill Park. Super convenient to Baltimore’s quirky Hampden neighborhood and the famous “Avenue” on 36th Street. Union Brewery is also close by, in addition to Waverly Brew Co and Meadowmill Athletic Club. Even with all the nearby action, Girard Avenue is a quiet street tucked away just off of 41st Street.
Located within walking distance to Woodberry Station Light Rail and The Union Ave/Clipper Road bus station. Access to I-83 within minutes.
The lot has value even if you chose not to build on it. You can increase your return on investment by building on the lot, selling it off as a separate buildable lot, or holding it for future appreciation. Either way, 2007-2011 Girard Avenue represents an outstanding investment opportunity.
OFFERING SUMMARY: $625,000 $312,500 Per Unit $260 per square foot 10 Times current actual rent (GRM) 8.15% Cap Rate 13.4% Projected cash-on-cash return on investment
Please call Cheryl today at 410-235-9500 to schedule a tour.
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”.