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Property ID : Calvert3004

Off Market $400,000.00 - Apartment Building, Townhouse
2916 3 Units 3 Bathrooms 1 Garage  Add to Favorites Print

Spacious Bright Well Maintained 3-Unit with Two-Story 3-Bedroom Owner’s Unit on the first floor and basement with a 2-Bedroom on the second floor and a 2-bedroom on the third floor. Grand exterior with short brick, limestone lintels, and arched window frames. This property was totally renovated by Stan Keyser in 1992 (known for quality workmanship) so it has all copper water pipes, 100-Amp all new electric service to each unit, a separate gas-fired forced air furnace with central air conditioning for each apartment plus a separate gas-fired water heater for each apartment.

Typical for 1992 renovations, the kitchens have European style laminated cabinets with laminate counters. Kitchens feature gas stoves, dishwasher, disposal, and refrigerator. The baths have ceramic tile floors and ceramic tile tub enclosures. The living areas have wall-to-wall carpet. The floors underneath may be hardwood or plywood.

Washer and Dryer in the basement are free for the tenants use. 1 off-street parking space in the rear.

Located one block from the Charles Village Retail District (Starbucks, Chipotle, Eddie’s Super Market, Charles Village Pub, etc.). Johns Hopkins University is 3 blocks away.

Investment Highlights:
$400,000
$133,333 per unit
$137 per sq.ft.
$3,590 Monthly Rental Income
9.3 GRM (Gross Rent Multiplier)
7.7 Cap Rate

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  • Fax : 410-435-5041

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