Property ID : Guilford3311
Sold Comp $375,000.00 - Apartment Building, Townhouse
Fully leased and well maintained 4-unit in a great block across from Union Memorial Hospital and 3 blocks from Johns Hopkins University. Porch-front townhouse with second floor rear deck and a 2-car garage in the rear.
Large one-bedroom apartments with full sized kitchens on the first floor and second floor. Full sized one-bedroom on the Terrace Level. Third floor is a studio apartment.
160-Amp electric service with a separate meter for each apartment. Central gas-fired hot water boiler with radiator heaters. Central 50-gallon gas-fired water heater. The cost of the heat, hot water and cold water/sewer charges are passed through to each tenant on a pro-rata share so the tenants pay all utilities. The third floor apartment has electric baseboard heat.
Apartments feature hardwood floors, bathrooms with modern vanities and lots of ceramic tile. Kitchens feature gas stove and refrigerator. First floor has a garbage disposal.
Act fast because this property has strong cash flow and is sure to sell quickly.
$395,000 Purchase Price
$ 98,750 per door
$ 200 per sq.ft. above grade
8.0 times gross annual rent
8.9% cap rate
14.1% cash-on-cash return on investment