3313 Guilford Avenue: 3-Apartment Investment Opportunity in Oakenshawe

What Makes this 3-Apartment Investment Special:

3313-3315 Guilford Avenue is a plus-sized, end-of-group apartment building with room to add value and increase income. This building’s location across the street from Union Memorial Hospital and three blocks from Johns Hopkins University Homewood Campus make it a prime investment for top-market rents and steady returns.

Investment Property Details:

Unit Mix:

• 2 Two-Bedroom Apartments
• 1 One-Bedroom Apartment

The double-wide front face of the building features fourteen windows, providing ample natural light to large living areas. Apartments 1 and 2 have original veneer hardwood floors, galley kitchens with 30″ gas ranges, and updated bathrooms with modern vanities and ceramic tile floors. Apartment 2’s kitchen is updated with granite countertops and a dishwasher. Each of these apartments has two bedrooms, one bathroom, a kitchen, a large living room, and a dining room.

Apartment 3 has one bedroom and one bathroom. The living areas have sturdy vinyl plank floors. The kitchen has a 30″ gas range, porcelain sink top, and ample cabinet space. Tenants enjoy the classic clawfoot tub and the storage that this unit’s many closets offer.

Tenants share laundry and additional storage space in the basement. The covered parking pad under the front porch is large enough for two tandem vehicles.

This extra-wide building’s first and second floor two-bedroom apartments could easily accommodate an additional bedroom and bathroom each, giving the ability to raise rents and add to the value of the property.

Who Pays Which Utilities:

3313-3315 Guilford Avenue is heated via a central oil-fired hot water boiler. Hot water is provided through two 40-gallon gas-fired water heaters. Vinyl replacement windows help to insulate the apartments and keep utility costs low.

The owner uses utility bill-backs to save on heating and water costs. The property is served by three electric meters and two gas meters. Observable plumbing supply lines are copper, with a steel water main. Drain lines are pvc. The building has a rubber roof with an aluminum fibre coating.

What’s Great About Oakenshawe:

Oakenshawe is just north of Charles Village, and is patrolled by both Johns Hopkins and Union Memorial security. 3313-3315 Guilford Avenue is a short, 2-block walk to the Charles Village Shopping District, and a 3-block walk to Johns Hopkins University Homewood campus. This location earns a “Walker’s Paradise” Walk Score of 93; a Transit Score of 57; and a Bike Score of 85.

Next Steps:

Call Tom Fair at 410.235.5200 to schedule a tour or to discuss your investment objectives.

Investment Summary:

$595,000
$198,333 Per Unit
$153 Per Sq. Ft.