What Makes This Charles Village Student Rental Special:
Located just south of Wyman Park and Johns Hopkins University Homewood Campus, 2652 Maryland Avenue is ready for new ownership just in time for the 2022 fall semester. This rental property is turn-key, with a fresh coat of paint and new luxury plank flooring throughout. Add this student rental to your portfolio, ready for move-in immediately.
Student Rental House Details:
This large 5-bedroom home has an ideal configuration for roommates, with a bathroom on each level. The first floor includes a living room, dining room, full bathroom, and spacious eat-in kitchen with new stainless steel appliances. Home cooks will enjoy the full-sized 30″ gas range, and the easy clean-up provided by the dishwasher. Metal cabinets offer ample kitchen storage and lend an industrial look to the space.
The second floor houses three bedrooms and a full bathroom with a clawfoot tub. A balcony off the back bedroom overlooks the rear brick patio. The third floor houses the fourth and fifth bedrooms, and a half bathroom. Laundry facilities are located in the basement.
2652 Maryland Avenue’s living spaces have new luxury vinyl tile (LVT) and a fresh coat of paint throughout.
Upgraded with a gas-fired furnace and central air conditioning, tenants will stay happy with heat in the winter and cooling in the summer. Vinyl replacement windows help to insulate the building and keep utility costs low.
2652 Maryland Avenue has 100 amp electrical service and one electric meter. There is one gas meter which provides cooking fuel and heating fuel, and serves the 40 gallon hot water heater.
What’s Great About Charles Village:
Tenants can walk to the Charles Village Shopping District, Johns Hopkins University Homewood Campus and Wyman Park. Just two blocks east is the Hopkins Shuttle Stop, providing an easy commute to Hopkins’ other Baltimore campuses. 2652 Maryland Avenue earns the designation “Walker’s Paradise” with a WalkScore of 94, a TransitScore of 76, and a BikeScore of 85. This block is served by the Charles Village Benefits District. This nonprofit organization helps keep the district clean, organizes security patrols, and hosts community events.
$164 Per Sq. Ft.
8.5 Times Market Rent (GRM)
9.05% Cap Rate
15.6% 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”.