This well-maintained apartment building houses an efficiency, a 1-bedroom, and a 3-bedroom apartment. 2807 Calvert is equipped with central heating and air conditioning, updated kitchens and bathrooms, and many other upgrades. Perfect for an investor, an owner-occupant purchaser, or as housing for Hopkins roommates.
Unit Mix:
1 Efficiency Apartment
1 One-Bedroom Apartment
1 Three-Bedroom, Three-Bathroom Apartment
Kitchens in apartments 2 and 3 have modern appliances including dishwashers, garbage disposals, built-in microwaves, and 30 ranges. Sturdy laminate countertops and ceramic tile flooring make for easy cleanup. Apartment 1 has an efficiency kitchen, with a porcelain sink top and 20 range. Bathrooms have modern vanities and ceramic tile floors.
Living areas feature hardwood floors, vinyl replacement windows, and recessed lighting. Walls and ceilings are a mix of plaster and drywall. Apartment 2 has a bump-out addition, which increases its size and exposes some brick for a chic modern look.
2807 N Calvert has one gas meter and one electric meter. The landlord bills back the tenants to cover 100% of these utilities plus the water/sewer charges; so, the landlord incurs no utility expenses.
The water main and observable supply lines are copper; drain lines are pvc. 150 amp electric service. A gas-fired 50-gallon 2007 Maytag water heater provides hot water; a gas-fired Ducane furnace and paired air conditioning unit provide heating and cooling.
Tenants utilize the shared clothes washer & dryer in the basement.
Tenants can walk to the Charles Village Shopping District, Johns Hopkins University Homewood Campus and Wyman Park. Just one block to the South-West is the Hopkins Shuttle Stop, providing an easy commute to Hopkins other Baltimore campuses. 2807 N Calvert St earns the designation Walkers Paradise with a WalkScore of 90, and a TransitScore of 58. 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.
$549,000
$183,000 Per Unit
$200 Per Sq. Ft.
9.9 Times Market Rent (GRM)
7.64% Cap Rate
11.6% Projected Cash-on-Cash Return