Property ID : Calvert3201G
Sold Comp $350,000.00 - Commercial, Warehouse/Storage
44 single car garages make excellent cash flow investments.
Very easy to rent and manage. Located one-half block south of Union Memorial Hospital and two blocks east of Johns Hopkins University.
These garages are easily rented to the many apartment tenants in this area and also as storage units for students, residents, and small business owners.
These garages have older doors, many of which may need repair and/or replacement and the roofs are in questionable condition.
20 garages are currently vacant. 24 garages are rented on monthly leases at $75 per garage per month.
This is an exceptional opportunity to pick up desirable rental units in a superior location. There are no blocks of garages closer to Johns Hopkins than these.
The seller will be participating in a 1031 tax-deferred exchange.
Deadline to submit purchase offers is 5:00 p.m. Thursday, June 15.