3510 Greenmount Ave: 3 Apartments in Guilford!

Take a look at this rare opportunity to own a 3-unit apartment building in the prestigious Guilford neighborhood!

3510 Greenmount Ave is a sunny, light-filled end-unit building that houses two 2-bedroom apartments and one 1-bedroom apartment. Tenants enjoy the large, bright interior room sizes that this 3,272 sq. ft. building offers. There is extra storage space in the basement and a detached 2-car garage with electric in the rear.

Amenities include common laundry for first and third floor units in the basement; and in-suite laundry in the second floor apartment. In addition to typical refrigerators and ranges, all units’ kitchens have a dishwasher and garbage disposal. Thru-wall air conditioning units are installed throughout. A new owner will enjoy the building’s hardy, easy-to-clean finishes, and durability of the copper water service and steel fire escapes.

The building is serviced by a 2015 200,000 BTU Columbia gas-fired hot water boiler, and a 2010 74-gallon gas-fired State Select hot water heater; the owner pays for the cost of heat. The owner has hired an electrician to separate the electrical meters for each apartment and for public service.

Guilford is one of Baltimore’s most noteworthy historic neighborhoods, and is situated just minutes from John Hopkins Homewood Campus, Notre Dame University, and Loyola College. 3510 Greenmount Ave earns a 90 WalkScore, making it a ‘Walker’s Paradise” where most errands can be accomplished on foot. With many nearby transit options and easy access to downtown Baltimore, this location is attractive to a variety of tenants in today’s market.

Make an appointment to see this investment property today!

Investment Summary:
$359,000 Investment
$119,677 per unit
$110 per square foot 
8.2 Times Market Rent (GRM)
8.7 Times Actual Rent (GRM) 
7.65% Cap rate 
11.2% Projected Cash-on-Cash Return