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