$475,000
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3207 Guilford Avenue Baltimore, MD 21218 Municipality: Baltimore City
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This rented 6-bedroom, 3-bath home is leased from 5/1/2025 through 5/31/2026, making it a turnkey investment for rental property owners. Great investment property: 8.6 GRM @ market rents; 9.62% Cap Rate, 12.85% Projected Cash-on-Cash Return. Current rent is $4,400; market rent is $4,600. The ho...me features wood floors throughout, fresh paint, and a denned-out basement. An oversized living and dining area provides ample space for entertaining. The kitchen is built for durability, equipped with a 30" gas range, refrigerator, dishwasher, garbage disposal, and easy-to-maintain laminate countertops. A convenient half bath is located on the main floor. The second floor offers four bedrooms and a full bath, while the third floor has two additional bedrooms and another full bath. The partially finished basement provides abundant storage or extra living space and includes a third full bathroom, along with a washer and dryer. This property holds a valid rental license through 4/4/2027 and is professionally managed by a local company for added ease. Residents can enjoy free street parking on Guilford Avenue, while those seeking off-street parking have access to over 20 nearby garages, professionally managed by Preller Properties. The property is just four walkable blocks from Johns Hopkins University Homewood Campus and the Charles Village Shopping District, home to Chipotle, Starbucks, Barnes & Noble, Streets Market, and a variety of shops and restaurants. Union Memorial MedStar Hospital is conveniently located two blocks north. For added peace of mind, the street is monitored/serviced by Charles Village Special Benefits District and Johns Hopkins Campus Security Officers. Incoming group of tenants did receive a leasing incentive; May 2025 Rent is discounted to $2700. See our cash flow in documents.
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MLS#
MDBA2155502
Property Type
Other
Year Built
1900
Price per Sq. Ft.
$226.84
Lot Size
0.05
Sewer
Public Sewer
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