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Description

Fantastic well-maintained porch-front 5-unit on a great block in Charles Village.

Unit Mix:
1   Studio Apartment
4   One-Bedroom Apartments
1    One-car detached brick garage.

Building features include:

  • hardwood floors
  • bay window
  • vinyl replacement windows
  • 2 bathrooms have vintage claw-foot tubs with shower
  • 1 bathroom has custom ceramic tile shower stall
  • steam radiator heating system
  • stone foundation
  • modified rubber roof in good condition
  • washer and dryer on site free for tenant use.

Tenants pay all utilities.  Some kitchens are modernized, some are vintage.

Property is located 4 blocks from Johns Hopkins University Campus  and 4 blocks from Johns Hopkins University shuttle bus stop.  Guilford Avenue is a less-busy street and part of the Baltimore Bikeway.

Investment Summary:
$460,000   Investment Offering
$   92,000   per unit
$        206    per sq.ft.
7.7     Times Gross Annual Rent Roll
8.5     Cap Rate
10.7%   Cash-on-cash return on investment

  • Address: 2904 Guilford Ave
  • City: Baltimore
  • State/county: Maryland
  • Neighborhood: Charles Village
  • Country: United States

Detail

Updated on April 18, 2019 at 3:55 pm

  • Price: $460,000
  • Units: 5
  • Parking Spaces: 1
  • Property Type: Apartment Building
  • Property Status: For Sale - COMP

Contact info

Ben Frederick Realty
Ben Frederick Realty

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