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2744 Maryland Ave: 2 Apartments just 3 blocks from Johns Hopkins University!

2744 Maryland Ave: 2 Apartments just 3 blocks from Johns Hopkins University!

2744 Maryland Ave: 2 Apartments just 3 blocks from Johns Hopkins University!

2744, Maryland Avenue, Charles Village, Baltimore, Maryland, 21218, United States of America

SOLD COMP

$261,000

  • 00 Front
  • 01 South
  • 02 North
  • 03 Porch
  • 10 unit 1
  • 11 unit 1
  • 12 unit 1
  • 13 unit 1
  • 14 unit 1
  • 15 unit 1
  • 16 unit 1
  • 17 unit 1
  • 18 unit 1
  • 19 unit 1
  • 20 second floor living room
  • 21 unit 2
  • 22 unit 2
  • 23 unit 2
  • 24 unit 2
  • 25 unit 2
  • 26 unit 2
  • 27 unit 2
  • 29 unit 2
  • 80 furnace
  • 81 water heater
  • 82 gas meter
  • 83 water main
  • 90 electric
  • 91 electric unit 1 panel
  • DCIM100MEDIADJI_0066.JPG
  • DCIM100MEDIADJI_0060.JPG
  • DCIM100MEDIADJI_0063.JPG
  • DCIM100MEDIADJI_0065.JPG
  • 96 rear
  • 97 rear
  • DCIM100MEDIADJI_0068.JPG
2744 Maryland Ave: 2 Apartments just 3 blocks from Johns Hopkins University!

Property ID :

 RH-15193-property

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Units
2
Garage
1
Year Built
1920
Sq Ft.
1680 sq. ft.
Lot Size
2300 sq. ft.

Description

Invest in the Charles Village rental market at an affordable entry point, or add this home-run property to your existing portfolio! FHA buyers: ask about your cash-on-cash return for owner-occupant financing!

2744 Maryland Ave. contains one 1-bedroom, 2-bath apartment, and one 2-bedroom, 2-bath apartment, With a charming front porch, tile bathrooms and kitchens, in-suite laundry, and central heat and a/c, these apartments are sure to be a breeze to rent. Both units have been freshly cleaned and painted and are ready for move-in!

An investor can appreciate the durable systems the owner has installed. The building has vinyl replacement windows, c-pvc plumbing, copper water main installed in 2010, and electrical upgrades circa 2006. The finished basement gives additional space for first floor apartment; and rear parking can generate added rental income.

Located directly on the Maryland Avenue Cycle Track, within walking distance to Johns Hopkins Homewood campus, and close to bus routes and I-83, these apartments are appealing to commuters. 2744 Maryland Ave has a WalkScore of 85, a TransitScore of 63, and a Bike Score of 89.

Make an appointment to tour this building today!

Investment Summary:
$249,000
$124,500 Per Unit
$148 Per Sq. Ft.
8.1 Times Market Rent (GRM)
7.66% Cap Rate
11.2% Projected Cash-on-Cash Return

Features

  • 2 Stories
  • Bike Path
  • Carpet
  • Central Air Conditioning
  • Central Heating
  • In-Unit Laundry
  • Near University
  • Off-Street Parking
  • Well Maintained

Property Attachments

  • Property Information
  • Cash Flow
  • Internal Rate of Return
  • Return on Investment

Property on Map

tom fair

Agent Tom Fair

Mobile:  410.235.5200

Email:  tom@benfrederick.com

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2029 Maryland Ave: 3,750 Sq. Ft. Development Opportunity in Charles North! 4419 Linkwood Road: Beautiful, Custom Home in Guilford

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