Value add multi-family with 9 units near Johns Hopkins University
7 unit Milford Mill Professional Building in Reisterstown Rd Corridor
Built - 1902
SF GBA - 3,942 SF
Avg Unit Size - 986 SF
Construction - Masonry
Gas and electric - Individually Metered
Land SF - 2,275 SF
Units - 9
Stories 4
# of Buildings - 1
Value add multi-family with 9 units near Johns Hopkins University
Nestled within the dynamic Charles Village neighborhood, adjacent to Johns Hopkins University, 2800 N Calvert in Baltimore presents itself as a notable three-story multi-family property. The strategic benefit of its close proximity to Johns Hopkins University, a well-regarded educational institution, significantly adds to its allure. This advantageous location positions the property to consistently attract potential tenants, ensuring a dependable occupancy rate and a steady stream of rental income.
This property emerges as a compelling investment opportunity; the combination of its strategic location and the potential for substantial returns makes it an attractive choice for savvy investors. Currently boasting 100% occupancy, a garage with two parking spaces offers potential increased income, and an on-site washer and dryer facility further enhances its appeal. With efficient management practices and strategic leasing enhancements, the property can increase rents by 100%.
This property stands out as an appealing option for investors seeking both stability and significant financial returns in this highly sought-after locale. Its historical charm, coupled with its advantageous position, makes it a promising investment for those looking to capitalize on the real estate market in the area.
- INVESTMENT HIGHLIGHTS -
A garage with two parking spaces offers potential for increased income.
On-site washer and dryer facility
Mix of large studios and 1-bed / 1-bath units
100% Current occupancy
Proximity to major highway (I-83). Near University Parkway Transit Hub and bus stations
Walking distance to Starbucks, Safeway, University Market & Deli
Perpetual demand due to proximity to universities
Potentially increase rents by approximately 100%
Adjacent to Johns Hopkins University