2904 Guilford Ave: Fully Leased 5-Unit on Great Block in Charles Village

2904 Guilford Ave: Fully Leased 5-Unit on Great Block in Charles Village

2904 Guilford Ave: Fully Leased 5-Unit on Great Block in Charles Village

2904 Guilford Ave, Baltimore, MD 21218, USA

SOLD COMP

$417,500

Property ID :

 Guilford2904

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Units
5
Bathrooms
5
Garage
1
Sq Ft.
2234 206

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

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