2705, North Calvert Street, Charles Village, Baltimore, Maryland, 21218, United States of America
This large, 3,300 sq. ft. building houses 2 2-bedroom, 2-bath apartments, 1 1-bedroom 1-bath apartment, and 1 studio apartment. Add this fully occupied money maker to your portfolio!
This porch-front painted lady offers tenants a 2-car parking pad in the rear and laundry in the basement. With a total of 3,300 sq. ft. above-grade area, these apartments are spacious with large bedrooms and ample living areas.
Located just a short walk from Johns Hopkins University Homewood Campus and the Charles Village Shopping District. Tenants also enjoy a short commute to University of Baltimore, MICA, and the artsy districts of Station North and Old Goucher. 2705 Calvert St. has a WalkScore of 89, a TransitScore of 65, and a BikeScore of 86. Check out the neighborhood at: https://www.benfrederick.com/why-charles-village-is-great-for-investment-properties-in-baltimore/
While all units are currently rented, a new owner could maximize income by charging water to tenants or by upgrading these units.
See virtual tours of apartments 1f & 1r below. Photos of units 1f, 1r, and 2 available; photos of unit 3 coming soon.
Investment Summary: $395,000 $98,750 Per Unit $119 Per Sq. Ft. 8.2 Times Actual Rent (GRM) 8.1 Times Market Rent (GRM) 8.78% Cap Rate 14.5% Cash-on-Cash Return