848, Powers Street, Hampden, Baltimore, Maryland, 21211, United States
This rental house in Baltimore is located just 1.5 blocks from the famous “Avenue” on 36th Street and quick access to I-83 South for getting to downtown Baltimore. A perfect opportunity to add a well-maintained investment property, in one of Baltimore’s bustling neighborhoods, to your portfolio.
A 3 bedroom, 1.5 bath with desirable upgrades and flowing floor plan. Modern and open with a formal living and dining room. Two floor-to-ceiling windows provides lots of natural light in addition to recessed lighting throughout the main level. The exposed brick and hardwood floors add a warmth and attract renters immediately upon entry. The kitchen and first floor powder room have ceramic tile floors. Stainless steel appliances, real wood cabinetry and granite counters set this kitchen apart from typical rental units in the Baltimore area. Featuring a 2-compartment sink, dishwasher and garbage disposal, making cleaning up a breeze. Just off the kitchen, tenants can enjoy a meal outside, under a covered porch and relax in the rear yard. Upstairs, gorgeous parquet floors carry throughout all 3 bedrooms. The main bedroom is accented with 3 large, south-facing windows. The main bathroom has a large vanity, offering storage, ceramic tile tub surround and glass shower doors. The shape of the homes on this particular block allow all bedrooms to have a window or two, which is rare for an interior rowhome.
The tenant’s pay for their cooking gas, electricity and oil for heating the home. This rental does have central air, allowing tenants to keep nice and cool during Baltimore’s hot summers. All observable water supply lines have been upgraded to copper and drain lines, including the main drain line to the city connection, have been upgraded to PVC. A full size washer and dryer is in the basement and offers plenty of room for storage.
848 Powers Street is at the corner of Elm Avenue, south of 36th Street. Powers Street is one way, heading west, cutting down on traffic noise. 150 feet from the front door is Elm Park, a 12,000 square foot green space with a new playground and shaded seating areas. The Avenue offers shopping and dining, including the featured Dangerously Delicious Pies, aired on Food Network. Johns Hopkins University and Loyola University are a bike ride away from this Baltimore rental house. Access to I-83 N is less than 2 miles away, so tenants can easily get to points north and west, such as Towson or Pikesville.
$280,000 $233 Per Sq. Ft. 15.6 Times Actual Rent (GRM) 13.7 Times Market Rent (GRM) 5.11% Cap Rate 3.2% Projected Cash-on-Cash Return
Email Cheryl Sadera to schedule a tour: Cheryl@BenFrederick.com or call 410-688-1348 to discuss your investment objectives and criteria. Are you on our mailing list?
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”.
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