3006 Guilford Ave: Fully Leased Stabilized 4-Unit – Great Block in Charles Village

3006 Guilford Ave:  Fully Leased Stabilized 4-Unit – Great Block in Charles Village

3006 Guilford Ave: Fully Leased Stabilized 4-Unit – Great Block in Charles Village

3006 Guilford Ave, Baltimore, MD 21218, USA

SOLD COMP

$340,000

Property ID :

 Guilford3006

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Units
4
Bathrooms
4
Garage
1
Sq Ft.
2174

Description

Great Investment Opportunity – super easy to rent and manage 4 One-Bedroom Apartments with a welcoming covered front porch just 3 blocks from Johns Hopkins University.  All kitchens and baths have been updated, brand new modified rubber roof, vinyl windows, 400-Amp circuit breaker electric service.

This is the often-photographed, famous block of Charles Village with iconic “Painted Ladies”.

Fully licensed and zoned as 4 dwelling units.

Rents average $825 per month; offering significant potential to raise rents in increasing cash flow.

INVESTMENT SUMMARY:
$340,000   Purchase Price
$  85,000    Per Unit
8.6    GRM
8.3   Cap Rate
12%   Cash Flow

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