2419 & 2421 Denison Street: Two Renovated, 3-Bedroom Units

What Makes This West Baltimore Rental Property Special?

These semi-detached row homes were renovated in 2016 and are certified Lead Free! Market rate tenants enjoy private, fenced yards and covered porches and are only 5 minutes to Mondawmin Mall.

The Details of This West Baltimore Rental:

Large, eat-in kitchens feature laminate countertops and modern wooden shaker cabinets. Both feature 30″ gas ranges and stainless sinks. Little touches, such as pendant lighting in 2419 and tile backsplash in 2421 make these stand apart from other rentals in the area. Living rooms are spacious and bright and each home has a half bath with modern vanity on the first floor. Upstairs are 3 bedrooms and a full bath, each. Layouts and finishes in each building are the same, making these homes easy to maintain. Flooring throughout the living spaces are laminate, with ceramic tile in kitchens and baths. Full basements provide ample storage room and feature full size washers and dryers.

The Utility Breakdown:

Main water supply upgraded to copper, with C-PVC interior supply lines and PVC drains throughout. Each home has 100 amp electric supply. Goodman 90# forced air gas-fired furnaces with central air and 40-gallon Rheem electric water heaters with expansion tanks. Tenants pay all utilities.

About The Neighborhood:

Garwyn Mills and Hanlon-Longwood neighborhoods make up more than 55 tree-lined blocks in Baltimore. Tenants can walk to Hilton Elementary school in four blocks or stroll 15 minutes to Lake Ashburton/Hanlon Park. Mondawmin Mall offers a myriad of retail and professional services. Coppin State College is a quick, 5 minute drive away.

Investment Summary:

$250,000
$93 Per Sq. Ft.
7.7 Times Gross Rent (GRM)
9.24% Cap Rate
17.3% Cash-On-Cash Return

Next Steps:

Call Cheryl Sadera: 410-688-1348 or Will Cannon: 410-916-3331 to schedule a tour and discuss your investment goals. 3401 Mondawmin Ave., a 6-bedroom, 3-bath rental home is a 1/2 block north and also available for sale, offering a 21.1% Cash-on-Cash Return. Add all 3 to your portfolio!