2934 Saint Paul St–Charles Village 4-Unit: Big Project with Big Returns!

2934 Saint Paul St–Charles Village 4-Unit: Big Project with Big Returns!

2934 Saint Paul St–Charles Village 4-Unit: Big Project with Big Returns!

2934, Saint Paul Street, Charles Village, Baltimore, Maryland, 21218, USA

For Sale

$675,000

  • 00 Front
  • 01 front wide
  • 02 street view
  • 10 unit 1 lr
  • 11 unit 1 kitchen
  • 12 unit 1 bath
  • 13 unit 1 br 1
  • 14 unit 1 br 2
  • 15 unit 1 bath 2
  • 16 unit 1 br 3
  • 19 unit 1 kitchen rough in
  • 20 unit 2 lr
  • 21 unit 2 ktichen
  • 22 unit 2 br 2
  • 23 unit 2 br
  • 24 unit 2 bath
  • 25 unit 2 bath
  • 26 unit 2 br 3
  • 27 unit 2 br 4
  • 28 unit 2 rough in kitchen
  • 30 unit 3 lr
  • 31 unit 3 kitchen
  • 32 unit 3 br
  • 33 unit 3 bath
  • 34 unit 3 br 2
  • 35 unit 3 br 3
  • 36 unit 3 bath 2
  • 37 unit 3 br 4
  • 38 unit 3 br
  • 39 unit 3 rough in ktichen
  • 65 unit bsmt lr
  • 66 unit bsmt bath
  • 67 unit bsmt kitchen
  • 68 unit bsmt br 2
  • 69 unit bsmt br
  • 70 basement
  • 71 basement
  • 81 Electrical meters
  • 82 Electrical
  • 83 fuse boxes throughout
  • 83 Gas meters
  • 84 water heater
  • 85 boiler
  • 98 roof
  • 99 Rear
  • 01 Front
  • 01 Front wide

Property ID :

 RH-12494-property

Added to Favorite

Favorite

Print

Units
4
Garage
2
Sq Ft.
5700 sq ft
Year Built
~1900

Description

If you’re searching for your winter project, look no further! This 4-unit, 5,700 sq. ft. apartment building has property values and rents anchored by Johns Hopkins University Homewood Campus, just two blocks away.

Three apartments have four bedrooms, two baths, a full kitchen and a rough-in kitchen each. These are perfect for large groups of renters who pay top dollar for units this close to campus. Fourth apartment is a two-bedroom, one bath in the basement, which could be converted to a three-bedroom.

All units are in livable condition, but renovation opportunities include mordernizing kitchens, baths, flooring, and windows; re-configuring floor plan; separating HVAC & water heaters; and upgrading plumbing and electrical.

Call me to discuss the details of this opportunity!

INVESTMENT SUMMARY:
$675,000 List Price
$118 Price Per Sq. Ft.
$440,000 Suggested Renovation
8.8 Times Projected Annual Rent (GRM)
9.0%  Cap Rate
14.9%  Projected cash-on-cash return on investment, after renovation

Property on Map

Leave a Reply

Your email address will not be published. Required fields are marked *