3425, Keswick Road, Wyman Park, Baltimore, Maryland, 21211, United States
This end-of-group triplex was renovated in 2015, with top-tier finishes in the owner’s unit, which spans two floors with bright living spaces, extremely modern kitchen and two full baths, as well as private fenced yard with a deck and covered patio. This 3-unit encompasses two lots, providing additional outdoor space for gardening or entertaining. Three off street parking spaces are an additional bonus, as this investment property sits just 1.5 blocks from Hampden’s famous 36th Street “Avenue” and Baltimore’s Famous “Miracle on 34th Street.”
All units have been meticulously cared for. Entering the owner’s unit, you are greeted with gleaming hardwood floors, LED recessed lighting, and decorative lighting fixtures throughout. The kitchen is a chef’s dream: Martha Stewart PureStyle cabinetry, quartz counters and top of the line stainless steel appliances, including a 5-burner gas range, dishwasher and disposal. A large island is great for entertaining or meal prepping. Each room has surround sound for easy hookup to your streaming devices, including the patio. A full bath on the first floor, with modern vanity and fiberglass shower stall. Downstairs, there is room for your work-from-home office and plenty of closets for storage. The bedroom features a walk-in closet with built in shelving. To the rear of the lower level is a large living room which is walk out level to the covered patio. Contemporary laminate flooring on the lower level, with ceramic tile flooring in the bathroom, as well as a jetted tub with ceramic tile tub-surround.
The front and second floor apartments are also recently renovated. The first floor front apartment has a combination living/kitchen area with new hardwood floors. Laminate countertop and shaker cabinets, electric range, over-the-range microwave and 24″ fridge.The second floor apartment spans the entire top floor with refinished hardwood floors. Bright and spacious, with an eat-in kitchen. Quartz counters and wood shaker cabinets, complete with a dishwasher, electric range and disposal. Each apartment has a shower stall with ceramic tile tub surround and ceramic floors for easy maintenance. Tenants enjoy an outdoor storage area plus a yard and can pay for off-street parking.
The owner’s unit has gas service for the gas range while the two apartments are electric only. Apartments are separately metered for electric, with the owner paying for the electric service to the garages for lighting and garage door openers. Two apartments have traditional electric water heaters; the front apartment has a tankless water heater. HVAC is provided by electric heat pumps with central air. A stacked washer and dryer is in each apartment. A new copper main water line was ran from the City connection to the property in 2015. All observable interior water supply lines are copper or C-PVC. Drain lines are PVC.
Tenants feel secure, with a crime grade “A” and walk-score of 83. Wyman Park Dell and Druid Hill Park offer green space within walking/biking distance. Trendy shops and restaurants are less than 2 blocks away on 36th Street, and the recently redeveloped Rotunda is also within walking distance, hosting an organic grocer and niche shops and services. Access to I-83 takes moments, allowing for travel to downtown Baltimore in less than 10 minutes or points north, like Towson and Owings Mills taking about 20 minutes from this 3-Unit triplex.
$208,333 Per Unit
$398 Per Sq. Ft.
19.7 Actual Market Rent (GRM)
10.5 Times Market Rent (GRM)
7.56% Cap Rate
8.2% Projected Cash-on-Cash Return
Call Cheryl today to see how you could pay less than $1,050 a month to own and live in this fabulous investment property. For more information regarding house hacking, visit our video by clicking here.
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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