2705 North Calvert St: 4 Apartments in Charles Village!

2705 North Calvert St: 4 Apartments in Charles Village!

2705 North Calvert St: 4 Apartments in Charles Village!

2705, North Calvert Street, Charles Village, Baltimore, Maryland, 21218, United States of America

For Sale

$395,000

  • 00 Front
  • 01 north
  • 02 south
  • 03 foyer
  • 10 unit 1a studio
  • 11 unit 1a studio
  • 12 unit 1a kitchen
  • 13 unit 1a bath
  • 20 unit 1R LR
  • 21 Unit 1R LR
  • 23 unit 1R kitchen
  • 24 unit 1r bath
  • 25 Unit 1r ktichen
  • 30 unit 2 lr
  • 31 unit 2 kitchen
  • 35 unit 2 br
  • 36 unit 2 bath
  • 37 unit 2 br
  • 80 electric meter
  • 81 gas meter
  • 83 boiler, water heater
  • 85 laundry
  • 87 oil tank
  • 88 basement
  • 89 bath rough in basement
  • 90 roof
  • 91 roof
  • 99 rear

Property ID :

 RH-14297-property

Units
4
Garage
2
Sq Ft.
3300 sq. ft.
Year Built
~1900
Lot Size
2772 sq. ft.

Description

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

Features

Property Virtual Tour

2705 Calvert #1F 2705 Calvert #1R 2705 Calvert #2 & 3 Coming Soon!

Property on Map