2815 Saint Paul St Baltimore, MD 21218

Listed and sold simultaneously.
Masterfully renovated in 2006, 2815 Saint Paul Street features outstanding workmanship and top-tier finishes. This stunning 3-unit building offers modern and artistic apartments, catering to first-class tenants. Located in Charles Village, and just three blocks from Johns Hopkins University Homewood Campus. Invest in this renovated apartment building to realize instant returns in a leading Baltimore neighborhood.
2815 Saint Paul Street houses 3 one-bedroom apartments.

No expense was spared in the renovation of this building. Kitchens feature granite countertops, rich wood cabinets with glass doors, and top-of the line Viking gas ranges with stainless steel range hoods. Tenants enjoy the modern conveniences of two-compartment stainless steel sinks, garbage disposals, and dishwashers.

Living areas have beautiful rich-stained hardwood floors throughout. Recessed lighting and contemporary light fixtures add to the artistic appeal of the apartments. Lavish bathrooms feature marble-topped reclaimed dresser double vanities, ceramic shower stalls with glass doors and double shower heads. Each apartment has its own stacked clothes washer and dryer.

Each apartment enjoys a rear wood deck. One private parking pad is available in the rear of the building, accessed via an electric garage door. Tenants enjoy the extra storage areas offered in the basement.
Each apartment is separately metered for gas and electric–so each tenant pays for their own usage including heating, cooling, hot water, electricity and cooking fuel. Currently the owner pays for the cold water and sewer, and the public service electric. A savvy landlord might pass these costs along to the tenants to increase cash flow.

The apartments each have individual gas-fired forced air Trane furnaces with corresponding Trane air conditioning units, and separate 65-gallon electric Bradford White water heaters.

2815 Saint Paul Street has 400-amp electric service, with 100 amps to each apartment. There are 4 electric meters and 3 gas meters. The water main is copper; all observable supply lines are c-pvc; drain lines are pvc. Vinyl replacement windows throughout; the rubber roof is partially coated with aluminum fibre coating.
Tenants can walk to the Charles Village Shopping District, Johns Hopkins University Homewood Campus and Wyman Park. Just one block south is the Hopkins Shuttle Stop, providing an easy commute to Hopkins’ other Baltimore campuses. 2815 Saint Paul Street earns the designation “Walker’s Paradise” with a WalkScore of 91. This block is patrolled by Hopkins campus security, and is served by the Charles Village Benefits District. This nonprofit organization helps keep the district clean, organizes security patrols, and hosts community events.
$675,000
$225,000 Per Unit
$226 Per Sq. Ft.
12.7 Times Market Rent (GRM)
11.8 Times Actual Rent (GRM)
6.69% Cap Rate
7.6% Projected Cash-on-Cash Return