Near Johns Hopkins University Homewood Campus: 2737 Maryland Ave houses 3 1-bedroom, 1-bath apartments.
Exposed brick walls and wood floors add a sense of character and charm to these large full-floor one-bedroom units, making them easy to rent. Below-market rents provide an opportunity to add value and increase rents, all while investing in the Charles Village apartment market at an affordable entry point.
Each unit has its own electric meter, gas meter, and gas-fired furnace. Tenants each pay their portion towards public service meters (including gas for shared hot water heater) and water, making this investment especially profitable for a new owner.
Being located directly on the Maryland Avenue Cycle Track appeals to the growing number of commuters.This building is also convenient for bus commuters, and provides easy access to I-83. 2737 Maryland Ave has a Walk Score of 88, a Transit Score of 64, and a Bike Score of 89.
Schedule an appointment to see this income-producing property today!
Investment Summary: $289,000 $178 Per Sq. Ft. $96,333 Per Unit 9.2 Times Actual Rent (GRM) 8.7 Times Market Rent (GRM) 7.38% Cap Rate 9.9% 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”.