Description
> prime location near johns hopkins university: just four blocks from the homewood campus, these apartments are highly sought after by young professionals and students alike.
> value-add potential: opportunity to upgrade apartments and significantly raise rents in this high-demand area.
> utility pass-throughs in place: tenants cover 100% of water, gas, and electric costs, enhancing cash flow and boosting overall.
> walkable convenience: positioned between the charles village shopping district and 25th street’s bustling retail scene, tenants can accomplish most errands on foot.
a spacious, inviting hallway with an impressive wooden staircase creates a welcoming atmosphere for tenants and visitors. kitchens are designed with laminate countertops and a variety of cabinetry styles, from modern wood to european-inspired options, offering low-maintenance durability and visual appeal. living spaces feature a mix of wood and laminate flooring, while bathrooms are equipped with functional, modern vanities or wall-mounted sinks and durable vinyl tub surrounds. the basement and third-floor apartments include dens, adding valuable living space.
the office occupies the entire first floor, featuring a private front room that overlooks the tree-lined maryland avenue. a larger office area is situated in the rear, accompanied by a half bathroom and a storage room. both rooms are enhanced by decorative mantles and large windows, creating bright, inspiring workspaces. a central boiler provides heating for all units, with hot water baseboard heat in the basement apartment and hot water radiator distribution for the upper-floor apartments. two air handlers cool the units: one serves the basement and first floor, while the other serves the second and third floors. a central state select 40-gallon gas-fired water heater supplies hot water. observable water supply lines are copper or c-pvc, and observable drain lines are pvc. the property has one electric meter and one gas meter. the landlord bills back for all utilities, keeping monthly utility costs down and more cash in hand. this mixed-use 4-unit in charles village is located just four blocks south of johns hopkins university homewood campus, and three blocks south of wyman park dell. tenants enjoy a quick walk to the charles village shopping district or safeway grocery store, and i-83 provides a quick commute to downtown baltimore. 2528 maryland avenue garners a “walker’s paradise” designation, with a 91 walk score and an 89 bike score, being located along the maryland avenue cycle track. rhouse, remington’s trendy food hall, is home to popular stalls like creole soul and koshary corner and is within a 5-minute walk.
investment summary:
$380,000
$95,000 per unit
$151 per sq. ft.
7.3 times market rents (grm)
9.07% cap rate
10.0% projected cash-on-cash return
Property Type
Multi-FamilySubdivision
Charles VillageCounty
BALTIMORE CITYStyle
Converted DwellingAD ID
48476605
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Property Details
-
Interior Features
Water/Sewer
- Water Source : Public
Heating & Cooling
- Cooling: Central A/C
- Heating: Radiator
- Cooling Fuel: Electric
- Heating Fuel: Natural Gas
-
Exterior Features
Building Information
- Year Built: 1900
- Structure: Interior Row/Townhouse
- New Construction: No
- Total Units: 4
- Built: 1900
- Construction Material: Brick
- Foundation/Basement: Block
- Architecture: Converted Dwelling
- Pool/Private: No Pool
Pool Information
- Pool: No Pool
Utility Features
- Sewer: Public Sewer
Water
- Water Heat: Natural Gas
-
Property / Lot Details
Lot Information
- Lot Size: 1,360
- Dimensions: 16'9" x 85'
- Lot Size (Acres): 0.03
- Architectural Style: Converted Dwelling
- Main Square Feet: 1,360
Property Information
- SQ ft: 3,440
- SQ ft (Living Area): 2,520
- Total Lot SQ ft: 1,360
- Subdivision: CHARLES VILLAGE
- Appx. Lot Dimensions: 16'9" x 85'
- Total Acreage: 0.03
- New Construction: No
- Type: Converted Dwelling
-
Listing Information
Listing Information
- Possession: Settlement,Subject to Existing Lease
- Days Of Market: 56
-
Taxes / Assessments
Tax Information
- Annual Tax: $5,859
- Tax Year: 2024
- Total Taxes Payment Frequency: Annually
Possession
- Settlement,Subject to Existing Lease
Assessment Information
- Taxes Assessment Amount: $248,267
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Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Parking Information
- Parking Type: Off Street
Homeowners Association Information
- Direction: GPS
-
School, Utilities & Location Details
School Information
- School District: BALTIMORE CITY PUBLIC SCHOOLS
Utility Information
- Water Source: Public
- Sewer: Public Sewer
- Cooling Fuel: Electric
- Heating Fuel: Natural Gas
- Hot Water: Natural Gas
Location Information
- Direction: GPS
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BuyOwner last updated this listing 02/27/2025 @ 04:27
- MLS: MDBA2149726
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: BRIGHT MLS
is a Other, with 0 bedrooms which is recently sold, it has 2,520 sqft, 1,360 sized lot, and 0 parking. A comparable Other, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of BALTIMORE , in zip code 21218, this BALTIMORE CITY County Other , it is in the CHARLES VILLAGE Subdivision, and are nearby neighborhoods.