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