University One #1205: 2 Bedroom, 2 Bath Condo Leased Through May 2022!

This spacious 1,197 sq. ft., 2 Bedroom 2 Full Bath condominium on the 12th floor offers outstanding southern views of downtown Baltimore!

University One has a well-run Condo Association that provides 24/7 security at the front desk. Occupants enjoy the rooftop swimming pool and deck, and a community room on the first floor complete with full kitchen, bathroom, and large screen TV for entertaining guests. The building also includes laundry facilities and a gym, and garage parking is available for an additional fee. All utilities are included in the condo fees!

Located less than a block away from Johns Hopkins University Homewood campus, units in the building are attractive to the student population and rent easily. The free Hopkins Shuttle Bus has a stop right at the front door! This location has a WalkScore of 86, meaning most errands can be accomplished on foot, and an “A” Crime Grade, making it one of the lowest-crime areas in this part of Baltimore.

This unit features a galley kitchen complete with dishwasher, refrigerator with icemaker, garbage disposal, and full size electric range. Two bedrooms and two bathrooms make it ideal for roommates, many of whom will pay top-dollar for a unit with such a great view of the city, especially this close to campus.

This unit is rented through May 2022, with a rent increase from $1,900 to $2,100 effective June 2021. The special assessment for new windows has already been paid in full by the current owner.

Call today to schedule a tour!

Investment Summary:
$125,000
$104 Per Sq. Ft.
5.5 Times Actual Rent (GRM)
5.0 Times Market Rent (GRM)
8.04% Cap Rate
12.5% Projected Cash-on-Cash Return