T
Seller's Agent in 2020
Tom Fair
Ben Frederick Realty, Inc.
If you re searching for your winter project, look no further! This 4-unit, 5,700 sq. ft. apartment building has property values and rents anchored by Johns Hopkins University Homewood Campus, just two blocks away. Three apartments have four bedrooms, two baths, a full kitchen and a rough-in kitchen each. These are perfect for large groups of renters who pay top dollar for units this close to campus. Fourth apartment is a two-bedroom, one bath in the basement, which could be converted to a three-bedroom. All units are in livable condition, but renovation opportunities include mordernizing kitchens, baths, flooring, and windows; re-configuring floor plan; separating HVAC & water heaters; and upgrading plumbing and electrical.Call me to discuss the details of this opportunity! INVESTMENT SUMMARY: $675,000 List Price$118 Price Per Sq. Ft. $440,000 Suggested Renovation8.8 Times Projected Annual Rent (GRM) 9.0% Cap Rate 14.9% Projected cash-on-cash return on investment, after renovation
Last Agent to Sell the Property
Tom Fair
Ben Frederick Realty, Inc. Listed on: 10/29/2019
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
04/03/2020 04/03/20 | Sold | $590,000 | -12.6% | $100 / Sq Ft |
11/20/2019 11/20/19 | Pending | -- | -- | -- |
10/29/2019 10/29/19 | For Sale | $675,000 | -- | $114 / Sq Ft |
T
Seller's Agent in 2020
Tom Fair
Ben Frederick Realty, Inc.
Buyer's Agent in 2020
Mark Simone
Keller Williams Legacy
(443) 863-6700
2 in this area
423 Total Sales
Source: Bright MLS
MLS Number: MDBA489916
APN: 12-16-3851 -016