869-871 Hollins St: 8 fully leased apartments next to University of Maryland Bio-Park

869-871 Hollins St:  8 fully leased apartments next to University of Maryland Bio-Park

869-871 Hollins St: 8 fully leased apartments next to University of Maryland Bio-Park

869, Hollins Street, Poppleton, Baltimore, Maryland, 21201, United States of America

For Sale

$600,000

  • 869-871-Hollins-Front
  • 869-871-Hollins-Row
  • 869-871-Hollins-rear-aerial
  • 08-869-Entrance-Foyer
  • 13-869-1st-Flr-Bedroom-1
  • 15-869-1st-Flr-Bathroom-1
  • 12-869-1st-Flr-Kitchen
  • 10-869-1st-Flr-Living-Room
  • 15-869-1st-Flr-Bathroom-1
  • 19-869-1st-Deck
  • 871 15 1st flr spiral stair
  • 871 14 1st Flr Dining
  • 871 15 1st Flr Kitchen
  • 871 25 Apt 2 Bath
  • 871 82 Gas Meter
  • 871 80 Electric Mtrs
  • 871 39 3rd Flr Electric Panel
  • 92-Roof-869-871-Hollins
  • 869-871-Hollins-Corner
  • 871 08 Rear yard
  • 871 13 1st Flr Dining
  • 871 15 1st Flr Kitchen
  • 871 15 1st flr spiral stair
  • 871 18 1st Flr Washer-dryer
  • 871 21 Apt 2 Kitchen
  • 871 25 Apt 2 Bath
  • 871 37 3rd Flr Bathroom
  • 871 80 Electric Mtrs
  • 871 82 Gas Meter
  • 871 83 Furance Wtr Htr
  • 92-Roof-869-871-Hollins
  • 869 01 869 Hollins

Property ID :

 RH-13069-property

Units
8
Sq Ft.
6958 sq.ft.

Description

Many updates in this very well maintained property. Two townhouses, next to each other, combine to provide solid cash flow from 8 apartments. The mix of 5 studios, a one-bedroom, and 2 two-bedroom two-bath apartments are appealing to students, researchers, and lab technicians at the $450 million University of Maryland Bio-Technology Park which is directly across the street from this property. In addition to the Bio-Technology Park, the University of Maryland Downtown Baltimore Campus, with its University Hospital, world-renowned Shock Trauma Center, and VA Hospital is just one block from this property.

Apartments feature new hardwood flooring, vinyl replacement windows, updated kitchens and baths.

This section of Hollins Street is essentially a dead-end street with little through-traffic, making it an attractive option for renters seeking a more peaceful environment while still close to the action and convenience of Downtown. Hollins Market is a high-growth up-and-coming neighborhood.

INVESTMENT OFFERING:
$600,000 for two large buildings
$75,000 per unit
$93 per sq.ft.
7.6 Times Gross Rent (GRM)
7.6 Cap Rate
9% cash-on-cash return on investment

Features

Property on Map