Charles Village Single Family Rental Portfolio: 4 Rental Townhomes

> Gain Scale & Returns in One Acquisition, Earning $126,300 in Annual Rental Income

> Located 3 to 4 Blocks from Johns Hopkins University Homewood Campus; Housing is in High Demand by Young Professionals & Students

> Attract Top-Notch Tenants with Modern Amenities such as Central Heating and Air Conditioning, Exposed Brick, and Granite Countertops

> Updated in 2021; Benefit from Low Upkeep Costs and Maintenance Hassles

Charles Village SFR Portfolio Interiors:

• 2732 Guilford: Four Bedrooms, Two Bathrooms
• 2704 Guilford: Four Bedrooms, Three Bathrooms
• 2629 North Calvert: Five Bedrooms, Three Bathrooms
• 2612 Guilford: Five Bedrooms, Two Bathrooms

Spacious homes offer tenants bright living spaces, covered front porches, and rear yards for casual living. With mostly uniform finishes throughout, routine maintenance is simplified for landlords across the portfolio. All kitchens feature wood cabinetry, granite counters, 30″ electric stoves, and stainless sinks. 2629 North Calvert boasts unique butcher block counters, while 2704 Guilford includes a dishwasher for added convenience. Bathrooms feature modern pedestal sinks or vanities, steel tubs, and ceramic tile tub surrounds. Hardwood flooring predominates throughout living spaces, with ceramic tile in kitchens and bathrooms. Recently upgraded, 2612 Guilford now features luxury vinyl tile throughout the main level, with carpet remaining on the second floor. Three homes showcase distinctive brick-style ceramic tile flooring in kitchens and bathrooms. Walls and ceilings consist of drywall, except for 2612 Guilford, which boasts gorgeous, exposed brick walls in most rooms, including bathrooms.

Systems and Utilities:

All but one window in the four homes are vinyl replacements, allowing for the potential to achieve lead-free or limited lead-free status, which would eliminate paperwork during turnover. Each building is equipped with a gas-fired furnace, central air conditioning, and a gas-fired water heater. Water supply lines have already been upgraded to C-PVC or copper, reducing plumbing headaches for landlords. Interior water drain lines have also been upgraded to PVC. Rear parking pads are a desirable amenity, particularly as these streets have restricted parking on certain days of the week. Most homes can accommodate two cars if parked tandem, with 2704 Guilford able to accommodate four cars.

What’s Great About Charles Village:

Tenants residing in this Charles Village SFR Portfolio can walk to the Charles Village Shopping District, Johns Hopkins University Homewood Campus and Wyman Park. These properties collectively earn the designation “Walker’s Paradise” with a WalkScore of 93, a TransitScore of 78, and a BikeScore of 81. The Charles Village neighborhood is served by the Charles Village Benefits District. This nonprofit organization helps keep the district clean, organizes security patrols, and hosts community events. Tenants appreciate the safety, convenience, and community that Charles Village offers to its residents.

Investment Summary:

$1,320,000
$330,000 Per Unit
$167 Per Sq. Ft.
10.5 Times Actual Rents (GRM)
9.9 Times Market Rents (GRM)
7.30% Cap Rate
5.4% Projected Cash-on-Cash Return

Call Will Cannon to Discuss This Charles Village SFR Portfolio Today: 410-916-3331.