3119, North Calvert Street, Charles Village, Baltimore, Maryland, 21218, United States
SOLD COMP
$475,000
Property ID :
RH-28261-property
3119 North Calvert is located on a prime block in Charles Village, just steps away from the Johns Hopkins University Homewood Campus. Bright, spacious apartments boast generous room sizes and have been well-maintained over the years. With a two-car detached garage in the rear, a savvy investor could rent the spaces to boost monthly income.
The first-floor apartment offers over 1,150 square feet of living space. Beautiful wood doors, exposed beams, crown molding, and trim adorn the living room. South-facing windows allow extra sunlight, which makes the hardwood floors throughout the living space shine brightly. A plus-sized dining room is adjacent, leading to the galley kitchen, which has built-ins for added storage. Granite counters and modern cabinetry are accentuated with a contemporary tile backsplash. For easy cleaning, the kitchen features a dishwasher, disposal, and bamboo flooring. To the rear is a bedroom big enough for a king-size bed and furniture, in addition to having a large walk-in closet. The en-suite bathroom adds a bit of retro style, with a wall-mounted sink and a cast-iron tub with ceramic tile tub surround.
The upstairs apartment occupies the 2nd and 3rd floors, featuring a split ranch-style entry. Modern track lighting spans the open-concept living/kitchen area, complemented by hardwood flooring. A bay-style window elongates the already spacious living area. The kitchen boasts durable laminate counters, wood cabinetry, a dishwasher, and gas range. A full bathroom is conveniently placed on the main floor of this apartment, equipped with a modern vanity and steel tub. A large bedroom on this level also includes a private deck for tenant enjoyment. Upstairs, another sitting area can be used for various purposes, with bedrooms facing east and west. The east-facing bedroom features a huge walk-in closet. The full bath on this floor has a steel tub and wall-mounted sink.
This Charles Village Duplex is equipped with a central Weil McLain gas-fired hot water boiler for heating, with radiator distribution. Each unit is individually metered for gas and electric, and features its own AO Smith gas-fired water heater. The landlord covers the cost of central heating, public service electric, and water. Billing utilities back to tenants could significantly enhance cash flow. Tenants have access to a full-size washer and dryer located in the rear basement. The first-floor apartment offers ample storage space in the full, unfinished basement. Observable water supply lines, including the water main, have been upgraded to copper, while all observable drain lines are PVC. In the rear, there’s a brick two-car garage with an electronic garage door opener.
Tenants can walk one block to the Charles Village Shopping District, and two blocks to Johns Hopkins University Homewood Campus and Wyman Park. 3119 North Calvert Street earns the designation “Walker’s Paradise” with a WalkScore of 94, a TransitScore of 68, and a BikeScore of 84. This block is patrolled by Hopkins campus security, and is served by the Charles Village Benefits District. This nonprofit organization helps keep the district clean, organizes security patrols, and hosts community events.
$475,000
$237,500 Per Unit.
$158 Per Sq. Ft.
9.0 Times Market Rents (GRM)
7.64% Cap Rate
6.5% Projected Cash-on-Cash Return
Unless and until there is a written Buyer-Broker Agency Agreement signed with a prospective Buyer, then Ben Frederick Realty, Inc., Ben Frederick Realty, Inc. represents the Seller. Please click here to download the Maryland Real Estate Commission form “Understanding Whom Real Estate Agents Represent”.
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