5-Bedroom Rental House Next To Johns Hopkins University

This spacious 21′ wide brick townhouse contains 5 large bedrooms plus a large living room, eat-in kitchen, covered front porch, and a full basement providing plenty of living space for the tenants.  2 parking spaces in the rear add value and convenience for the residents.

The kitchen is updated with solid wood cabinets and durable ceramic tile floor with a modern electric range and dishwasher.  A full sized washer and dryer provide added value and convenience.

2 full bathrooms, each with a shower/tub and modern vanity.

The living areas have decorative in-lay hardwood floors.

The property has a proper lead inspection certificate and has passed the new Baltimore City rental licensing inspection.

Located just 1 block from the Charles Village Shopping District, with its Chipotle, Starbucks, Barnes and Noble Bookstore, Eddie’s supermarket, CVS Pharmacy and Bank of America make this a super convenient location.  The Saturday Waverly Famer’s Market is a short 2 block walk.  Johns Hopkins University Homewood Campus is a short 2 blocks away while Union Memorial Hospital is across the street.

Currently rented for $3,000 per month, through May 31, 2019; we are getting inquiries from groups wanting to rent this valuable house, at a higher rate, beginning June 1, 2019.   It may be possible to secure a one-year or two-year lease as a part of the sale process.  Priced at a reasonable $339,000, this valuable asset is sure to sell soon!

$339,000  investment offering
$67,800  per bedroom
8.8 Cap Rate
12% cash-on-cash return on investment