3041, Guilford Avenue, Barclay, Baltimore, Maryland, 21218, United States
With 4 bedrooms, 2.5 bathrooms, and spacious living areas, this house is perfect for roommates–just in time for the Hopkins rental season! Alternatively, an investor could take advantage of the 2-unit zoning and convert this single-family into two apartments.
This porch-front painted lady combines historic charm with modern convenience. The first floor has original veneer hardwood flooring, trim, and chair railings. Tall ceilings give a sense of 20th-century elegance. The building has updated vinyl replacement windows throughout, modern ceiling fans, and a partially finished basement with a dry bar.
The kitchen features a 30-inch gas range and a built-in microwave, making cooking a breeze; and a dishwasher for easy clean-up. Sharing bathrooms is easy, with a full bathrooms on the first and second floors and a half bathroom in the basement. A rear addition provides a sitting room for the second floor rear bedroom, and a mudroom for the first floor. A small gravel lot gives a place to sit outside, without the hassle of lawn care.
3041 Guilford Ave is served by a gas-fired Columbia steam boiler, with radiator distribution. Ceiling fans and window air conditioning units help to keep cool in the summer. A gas-fired Hotpoint 40 gallon water heater provides hot water. Water supply pipes are a mix of c-pvc and steel; and drain lines are pvc.
Guilford Avenue is a quiet street, tree-lined street. Tenants can walk to the Charles Village Shopping District, Johns Hopkins University Homewood Campus and Wyman Park. 3041 Guilford Ave earns the designation “Walker’s Paradise” with a WalkScore of 93, a TransitScore of 58, and a BikeScore of 86. This block is patrolled by Hopkins campus security, and is served by the Charles Village Benefits District. This nonprofit organization helps keep the district clean, organizes security patrols, and hosts community events.
3041 Guilford Ave is currently built out and used as a 4-bedroom student rental. It is zoned and permitted for up to two units. An investor could add a kitchen to the second floor to make this building into two separate units.
$345,000 $207 Per Sq. Ft. 11.1 Times Actual Rent (GRM) 10.3 Times Market Rent (GRM) 7.48% Cap Rate 12.7% Projected Cash-on-Cash Return
Email Tom Fair to schedule a tour: Tom@BenFrederick.com or call 410-235-5200 to discuss your investment objectives and criteria.
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”.
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