301, East University Parkway, Oakenshawe, Baltimore, Maryland, 21218, United States
For Sale - Under Contract
This massive 8,500 sq.ft. corner building is a detached building, meaning it has windows on all sides, making for large, bright apartments. Located in the Oakenshawe Neighborhood directly across the street from Union Memorial Hospital and 3 blocks from Johns Hopkins University. This well-positioned asset, with rents that are 40% below market, makes for an opportune addition to many portfolios.
> six 3-Bedroom / 1-Bath apartments
> one 2-Bedroom / 1-Bath apartment on the street-level terrace unit.
That makes for a total of 20 Bedrooms! Real hardwood flooring in the living areas with ceramic tile floors in the kitchens and baths. Kitchens are updated with modern wood cabinets, laminate counters, full size gas range, built-in microwave, dishwasher, and full size refrigerator. Bathrooms have new ceramic tile tub surrounds and modern vanities. Vinyl replacement windows throughout. All apartments are rented, making for an easy-to-manage turn-key multifamily apartment building investment opportunity. This brick building was constructed in 1919 and has a flat roof that was updated in 2018.
Each apartment has its own gas and electric meter. Electric baseboard heat is controlled and paid-for by each tenant. Central water heater. Coin-operated washer and dryer in the basement provide additional revenue. Security front entry door with modern key-fob.
Oakenshawe has a strong neighborhood association. Oakenshawe homes north of University Parkway are mostly single-family owner-occupied properties, while most of the homes along University Pkwy are rentals, with a mix of single-family and multi-family properties. Johns Hopkins students, faculty, and staff, along with Union Memorial Hospital provide strong employment centers creating demand for rental units.
WalkScore.com reports an incredible 94 Walk-Score, in part because the 32nd Street Farmer’s Market is located just one-block away, opening every Saturday morning, year-round. The Charles Village Shopping District, featuring Streets Market Grocery Store, Chipotle, Starbucks, CVS Pharmacy, Bank of America, Race Pace Bicycles, Busboys & Poets restaurant, the famous Charles Village Pub, among many other eateries are located just 2 blocks from the property. The transit score of 41 provides residents with easy access to a number of popular bus routes, and the 82 bicycle score is a dream come true for urban residents who prefer non-automobile transportation.
Ben More, call or text at 410-236-1198 or email: Ben.MoreGad@gmail.com to schedule a tour.
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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