2822 Guilford Avenue presents an incredible opportunity for both owner-occupants and investors alike. Located in the coveted “Hopkins Zone” within charming Charles Village, this 3-unit property is an ideal place to call home or capitalize on its existing cash flow and enhance investment returns.Unit Mix:
2 One-Bedroom, One-Bathroom Apartments
1 One-Bedroom, Two-Bathroom Apartment with Basement
Apartment 1 encompasses the first floor and finished basement. It features a spacious living room, bedroom, kitchen, full bathroom, and a bonus addition at the rear on the first floor. The finished basement includes a family room and a second full bathroom. This tenant enjoys the use of the clothes washer/dryer in the basement.
Apartment 2 occupies the second floor and offers a generously sized, well-lit living room with three windows, an eat-in kitchen, a full bathroom, and a bedroom with a rear deck.
Apartment 3 is situated on the smaller third floor, showcasing a sunny bedroom, a compact galley kitchen, a living room, and a full bathroom.
Electric baseboard heating is employed throughout the building, allowing tenants to control the heat in each room individually. A gas-fired water heater, installed in 2014, supplies hot water to all three units.
2822 Guilford Avenue has one gas meter and one electric meter. Currently, the landlord covers the costs of gas, electric, and water/sewer. A savvy landlord could establish a cost-sharing system with the tenants during lease renewals to optimize revenue.
Tenants at 2822 Guilford Avenue enjoy the convenience of walking to the Charles Village Shopping District, Johns Hopkins University Homewood Campus, and Union Memorial Hospital. With an impressive WalkScore of 91, a TransitScore of 73, and a BikeScore of 85, the property is designated a “Walker’s Paradise.” The block is patrolled by Hopkins campus security, ensuring safety, and benefits from the Charles Village Benefits District’s community events, neighborhood security, and trash cleanup initiatives. Guilford Avenue itself is a peaceful tree-lined street, providing a serene respite from the bustling thoroughfares of Charles Village.
$148,333 Per Unit
$198 Per Sq. Ft.
13.1 Times Actual Rents (GRM)
8.6 Times Market Rents (GRM)
7.78% Cap Rate
7.0% Projected Cash-on-Cash Return
Listing information provided courtesy of the Bright MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 29th November, 2023 6:20 PM (UTC)