2822, Guilford Avenue, Harwood, Baltimore, Maryland, 21218, United States
2822 Guilford presents a great opportunity for owner-occupants and investors alike. Located in the “Hopkins Zone” in Charles Village, this 3-unit would be a great place to call home. Or, an investor could appreciate the cash flow “as-is” and make upgrades to the units to increase investment returns.
Apartment 1 comprises both the first floor and finished basement. With a living room, bedroom, kitchen, full bathroom, and bonus addition on the rear, this apartment is large even before accounting in the family room and second full bathroom in the basement. This spacious apartment is currently unoccupied, and provides a chance for a buyer to live in this unit while renting the others.
Apartment 2, on the second floor, has a large well-lit living room with three windows, eat-in kitchen, one full bathroom, and bedroom with rear deck.
Apartment 3, on the smaller third floor, has a sunny bedroom, compact galley kitchen, living room, and one full bathroom.
This building utilizes electric baseboard heating–so the tenants can control the heat in each individual room. A 40-gallon, gas-fired water heater, installed in 2014, provides hot water to all 3 units.
2822 Guilford Ave has one gas meter and one electric meter. Currently the landlord pays for gas, electric, and hot water/sewer. A savvy landlord could establish a cost-sharing system with the tenants upon lease renewals.
Apartment 1 has access to a clothes washer/dryer in the basement.
Tenants can walk to the Charles Village Shopping District, Johns Hopkins University Homewood Campus and Union Memorial Hospital. 2822 Guilford Ave earns the designation “Walker’s Paradise” with a WalkScore of 90, a TransitScore of 61, and a BikeScore of 86. This block is patrolled by Hopkins campus security, and is served by the Charles Village Benefits District which organizes community events, neighborhood security, and trash clean up for the area. Guilford Avenue is a quiet tree-lined street that offers a reprise from the hustle and bustle of Charles Village’s main thoroughfares.
$395,000 $131,667 Per Unit $176 Per Sq. Ft. 10.0 Times Market Rent (GRM) 6.4% Cap Rate 7.9% Projected Cash-on-Cash Return
Email Tom Fair to schedule a tour: Tom@BenFrederick.com or call 410-235-5200 to discuss your investment objectives and criteria.
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”.
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