3026 Saint Paul: 100% Leased 7-Unit next to Johns Hopkins Univ

3026 Saint Paul:  100% Leased 7-Unit next to Johns Hopkins Univ

3026 Saint Paul: 100% Leased 7-Unit next to Johns Hopkins Univ

3026 St Paul St, Baltimore, MD 21218, USA

SOLD COMP

$645,000

Property ID :

 stpaul3026

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Units
7
Garage
2
Sq Ft.
4200

Description

Exceptional Opportunity to own a fully-leased 7-unit Multi-Family Apartment Building in a 100% Charles Village Location just 2 blocks from Johns Hopkins University Homewood Campus and a half-block away from the Charles Village Shopping District.

Mostly 2-bedroom apartments with plenty of parking in the rear plus a 2-car garage.  All apartments have updated and modern kitchens and bathrooms.  Gleaming hardwood floors throughout and replacement vinyl windows.  The roof and structure are in excellent condition.  Low maintenance central, gas-fired hot water radiator heating system and central water heater.  Separate electric meters.

This is a low-maintenance easy-to-manage property in one of Baltimore’s Best Rental Markets.

INVESTMENT SUMMARY:
$695,000    Investment
$99,286    per unit
$165    per sq.ft.
8.8    GRM
7.5%  Cap Rate
8.7%  Cash Flow Return on Investment

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