1733 Guilford Ave: Totally rehabbed Lead-Free Ltd 3-Unit in Station North Arts District

1733 Guilford Ave:  Totally rehabbed Lead-Free Ltd 3-Unit in Station North Arts District

1733 Guilford Ave: Totally rehabbed Lead-Free Ltd 3-Unit in Station North Arts District

1733 Guilford Ave, Baltimore, MD 21202, USA

SOLD COMP

$275,000

Property ID :

 Guilford1733

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Units
3
Bathrooms
3
Garage
2
Sq Ft.
2579

Description

Totally renovated in the mid-1980’s this solid 3-unit brick townhouse is Certified Lead-Free Limited.  All apartments are rented, bringing in $2,800 in rent each month with the tenants paying all utilities.  All 3 heat pumps were replaced within the last 4 years.  All copper water pipes, fully sprinklered, all new wiring with 150-Amp circuit breaker service to each apartment.

Spacious floor plans with good natural light.

The first apartment is a two-story unit, with living room, kitchen and half-bath on the first floor and a bedroom, full bath, and two additional finished rooms.  2nd and 3rd floor apartments are one-bedroom each.

Washer-Dryer included with each apartment.  Modern heat pump with central air conditioning for each apartment.  Separate electric water heater.

The roof was replaced in 2011 and is in excellent condition.  There is a two-car parking pad in the rear.

Penn Station, with Amtrak service to New York and Washington DC, and MARC Maryland Commuter Rail service to Washington DC is less than a 10-minute walk.

87 Walking Score,
76 Transit Score, and,
83 Bikeable Score make this a very convenient, desirable location.

INVESTMENT SUMMARY:
$295,000 Investment
$99,833  per unit
$114 per sq.ft.
8.5  Gross Rent Multiplier
8.9 Cap Rate
12% projected cash-on-cash return on investment with 25% down.

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