3433, Guilford Terrace, Guilford, Baltimore, Maryland, 21218, United States of America
SOLD COMP
$510,000
Property ID :
RH-13152-property
3433 Guilford Terrace is a fully occupied 4-unit building that sits on a quiet, tree-lined street in Oakenshawe–a mostly owner-occupant neighborhood tucked away from the hustle and bustle of the city. As an end-of group, this building gets lots of natural light which, combined with the amenities of the the apartments and the neighborhood, makes it easy to attract and retain quality tenants!
Oakenshawe is just north of Charles Village and Union Memorial Hospital. Patrolled not only by Baltimore City Police but also by Johns Hopkins security and Union Memorial security, Oakenshawe is one of the safest neighborhoods in Baltimore, and caters to top-tier tenants who pay top-market rents.
Walking distance to Johns Hopkins University Homewood Campus, Union Memorial Hospital, and downtown Charles Village, this building has a Walk Score of 90, a Transit Score of 56, and a Bike Score of 73.
The first floor apartment was renovated in 2019 and features hardwood floors, kitchen with granite counter tops and stainless steel appliances, in-unit laundry, and separate water heater and heat pump. Electrical service upgraded to 400 amp and exterior stucco replaced in 2019.
Tenants pay all utilities (even public service, water, and shared heating costs for 2nd & 3rd floor); and common laundry is available in basement.
Schedule an appointment to see this cash-producing building today!
Investment Summary:
$525,000
$282 Per Sq. Ft.
$131,250 Per Unit
10.2 Times Actual Rent (GRM)
9.7 Times Projected Rent (GRM)
7.62% Cap Rate
9.8% 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