2916, Guilford Avenue, Baltimore, Maryland, 21218, United States of America
This 2,733 sq. ft. apartment building houses three large 1-bedroom apartments! Prime location in Charles Village, near Johns Hopkins Homewood Campus and Union Memorial Hospital!
Each of these spacious apartments has a living room, dining room, kitchen, bedroom and bathroom. This building is easy to maintain with hardwood floors in living areas and vinyl floors in kitchens, standard appliances, copper water service, a newer boiler and well-maintained roof.
Tenants pay for their own electric meters and split the cost of water. A hot water boiler dated 2018 heats all three units; owner pays for heating fuel and public service electric.
While these apartments are easy to rent as-is, this area would support higher rents for renovated units.
Tenants enjoy a short walk from the Charles Village Shopping District, Johns Hopkins University, and Union Memorial Hospital. This building has a WalkScore of 92, a TransitScore of 61, and a BikeScore of 86.
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$116,667 Per Unit
$123 Per Sq. Ft.
14.3 Times Actual Rent (GRM)
9.2 Times Market Rent (GRM)
6.87% Cap Rate
8.6% Projected Cash-on-Cash Return
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”.
Owning a home is a keystone of wealth… both financial affluence and emotional security.Suze Orman