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  • Price$289,000
  • Sq. Ft.1,624
  • Acres0.03
  • Built1920
  • 2737 Maryland Ave
  • BALTIMORE, MD 21218
  • MLS® #: MDBA499408
  • Office: Ben Frederick Realty, Inc.

Now Fully Leased! Near Johns Hopkins University Homewood Campus: 2737 Maryland Ave houses 3 1-bedroom, 1-bath apartments.Exposed brick walls and wood floors add a sense of character and charm to these large full-floor one-bedroom units, making them easy to rent. Below-market rents provide an opportunity to add value and increase rents, all while investing in the Charles Village apartment market at an affordable entry point.Each unit has its own electric meter, gas meter, and gas-fired furnace. Tenants each pay their portion towards public service meters (including gas for shared hot water heater) and water, making this investment especially profitable for a new owner.Being located directly on the Maryland Avenue Cycle Track appeals to the growing number of commuters.This building is also convenient for bus commuters, and provides easy access to I-83. 2737 Maryland Ave has a Walk Score of 88, a Transit Score of 64, and a Bike Score of 89.Schedule an appointment to see this income-producing property today!Investment Summary:$289,000 $178 Per Sq. Ft. $96,333 Per Unit 9.2 Times Actual Rent (GRM) 8.7 Times Market Rent (GRM) 9.9% Projected Cash-on-Cash Return

Essential Information

  • MLS® #MDBA499408
  • Price$289,000
  • Bathrooms0.00
  • Square Footage1,624
  • Acres0.03
  • Year Built1920
  • TypeMulti-Family
  • Sub-TypeTownhouse, Triplex
  • StyleTraditional
  • StatusActive

Community Information

  • Address2737 Maryland Ave
  • SubdivisionCHARLES VILLAGE
  • CityBALTIMORE
  • CountyBALTIMORE CITY-MD
  • StateMD
  • Zip Code21218

Amenities

  • ParkingConcrete Driveway, Unassigned

Amenities

Wood Floors, Stall Shower, Skylight(s)

Interior

  • HeatingForced Air
  • CoolingWindow Unit(s)
  • Has BasementYes
  • BasementOther

Exterior

  • ExteriorBrick and Siding
  • RoofRubber

School Information

  • DistrictBALTIMORE CITY PUBLIC SCHOOLS

Additional Information

  • Date ListedFebruary 5th, 2020
  • Days on Market58
  • ZoningR-8

Listing Details

  • Listing Office:Ben Frederick Realty, Inc.
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