2744 Maryland Avenue, Baltimore, MD 21218

Property Description

Invest in the Charles Village rental market at an affordable entry point, or add this home-run property to your existing portfolio! FHA buyers: ask about your cash-on-cash return for owner-occupant financing! 2744 Maryland Ave. contains one 1-bedroom, 2-bath apartment, and one 2-bedroom, 2-bath apartment, With a charming front porch, tile bathrooms and kitchens, in-suite laundry, and central heat and a/c, these apartments are sure to be a breeze to rent. Both units have been freshly cleaned and painted and are ready for move-in! An investor can appreciate the durable systems the owner has installed. The building has vinyl replacement windows, c-pvc plumbing, copper water main installed in 2010, and electrical upgrades circa 2006. The finished basement gives additional space for first floor apartment; and rear parking can generate added rental income. Located directly on the Maryland Avenue Cycle Track, within walking distance to Johns Hopkins Homewood campus, and close to bus routes and I-83, these apartments are appealing to commuters. 2744 Maryland Ave has a WalkScore of 85, a TransitScore of 63, and a Bike Score of 89. Make an appointment to tour this building today! Investment Summary: $249,000 $124,500 Per Unit $148 Per Sq. Ft. 8.1 Times Market Rent (GRM) 7.66% Cap Rate 11.2% Projected Cash-on-Cash Return