Converted Dwelling

2702 North Calvert Street presents a fully occupied, four-unit apartment building in Charles Village with clear value-add and future owner-occupancy potential. The unit mix includes one two-bedroom apartment and three one-bedroom apartments. Functional, dated kitchens and bathrooms allow apartments to be improved as units turn, while current below-market rents provide additional opportunity through market-rent alignment. The property has five gas meters and five electric meters, with tenants paying their in-unit gas and electric usage. The landlord pays for heat, hot water and cold water. A one-car garage provides additional income potential. Located four blocks from Johns Hopkins University’s Homewood Campus, one block east of a JHU shuttle stop and three blocks from Wyman Park Dell. At the $465,000 asking price, an illustrative 80% LTV loan at 6.50% produces estimated monthly PITI of $3,031. If an owner occupied Apartment 1, projected rents of $3,550 from the remaining three apartments would exceed estimated PITI by $519 per month, before owner-paid utilities, maintenance and other expenses. *As us how! Live in Charles Village with income from three apartments helping to cover the mortgage, or invest in all four and grow income through apartment improvements and market rent alignment.

2702 North Calvert Street presents a fully occupied, four-unit apartment building in Charles Village with clear value-add and future owner-occupancy potential. The unit mix includes one two-bedroom apartment and three one-bedroom apartments. Functional, dated kitchens and bathrooms allow apartments to be improved as units turn, while current below-market rents provide additional opportunity through market-rent alignment. The property has five gas meters and five electric meters, with tenants paying their in-unit gas and electric usage. The landlord pays for heat, hot water and cold water. A one-car garage provides additional income potential. Located four blocks from Johns Hopkins University’s Homewood Campus, one block east of a JHU shuttle stop and three blocks from Wyman Park Dell. At the $465,000 asking price, an illustrative 80% LTV loan at 6.50% produces estimated monthly PITI of $3,031. If an owner occupied Apartment 1, projected rents of $3,550 from the remaining three apartments would exceed estimated PITI by $519 per month, before owner-paid utilities, maintenance and other expenses. *As us how! Live in Charles Village with income from three apartments helping to cover the mortgage, or invest in all four and grow income through apartment improvements and market rent alignment.