MLS® ID: MDBA465778
2339 N CALVERT STREET
BALTIMORE, Maryland, 21218 $390,000
Great three unit (2 bed/1 bath with central AC and heat plus washer/dryer in each unit), fully leased, turn-key cash flow asset with excellent management history.~ Option 1: Keep 100% leased (3 units with basement. 4,000 SF total).~ Option 2: Continue to Lease Unit 1 & 3. Live in Unit 2. Attain FHA Loan @ 95% LTV.~ Tenants pay ALL utilities - separately metered.~ Limited lead free certified.~ Prime Location. 2-8 blocks to Safeway and CVS shopping, Station North Arts District, Penn Station redevelopment, Johns Hopkins University, MICA, UMD Baltimore.~ Value Add Opportunity. Rehab kitchen and bathrooms. Increase rents in all units. Add income through basement rehabilitation for added unit income or rental storage space.~ Sale Price: $390,000 NOI Cap Rate: 8.65% (Owner/Self-Manage)Annual equity return: 15.28% (Management Hir Cap Rate: 8.11% (Management Hire) Annual equity return: 13.11% (Management Hire). See documents attached for more information.