2737 Maryland Avenue, Baltimore, MD 21218
- $289,000
- 1,624
- SqFt
- Sold Price
- $289,000
- List Price
- $289,000
- Closing Date
- Jul 09, 2020
- Days on Market
- 107
- Status
- CLOSED
- MLS#
- MDBA499408
- Living Area
- 1,624
- Lot Size (Acres)
- 0.03
- Style
- Traditional
- Year Built
- 1920
- County
- Baltimore City
- School District
- Baltimore City Public Schools
Property Description
Now Fully Leased! Near Johns Hopkins University Homewood Campus: 2737 Maryland Ave houses 3 1-bedroom, 1-bath apartments.Exposed brick walls and wood floors add a sense of character and charm to these large full-floor one-bedroom units, making them easy to rent. Below-market rents provide an opportunity to add value and increase rents, all while investing in the Charles Village apartment market at an affordable entry point.Each unit has its own electric meter, gas meter, and gas-fired furnace. Tenants each pay their portion towards public service meters (including gas for shared hot water heater) and water, making this investment especially profitable for a new owner.Being located directly on the Maryland Avenue Cycle Track appeals to the growing number of commuters.This building is also convenient for bus commuters, and provides easy access to I-83. 2737 Maryland Ave has a Walk Score of 88, a Transit Score of 64, and a Bike Score of 89.Schedule an appointment to see this income-producing property today!Investment Summary:$289,000 $178 Per Sq. Ft. $96,333 Per Unit 9.2 Times Actual Rent (GRM) 8.7 Times Market Rent (GRM) 9.9% Projected Cash-on-Cash Return
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Additional Information
- Subdivision
- Charles Village
- Taxes
- $4465
- Interior Features
- Wood Floors, Stall Shower, Skylight(s), Kitchen - Table Space, Kitchen - Efficiency
- School District
- Baltimore City Public Schools
- Flooring
- Ceramic Tile, Partially Carpeted, Vinyl, Wood, Laminated
- Heating
- Forced Air
- Heating Fuel
- Natural Gas
- Cooling
- Window Unit(s)
- Roof
- Rubber
- Water
- Public
- Sewer
- Public Sewer
- Basement
- Yes
Mortgage Calculator
Listing courtesy of Ben Frederick Realty, Inc.. Contact: 410-752-6400
Selling Office: .