Guilford Avenue Portfolio Multi-Family FOR SALE


Baltimore, MD
$2,955,000 USD
410-235-9500
, Baltimore, MD for Sale
$2,955,000 USD
Multi-Family - FOR SALE
1/45
null | 9.16% Cap Rate

Guilford Avenue Portfolio
Baltimore, MD


HIGHLIGHTS

  • 7 Homes, 40 Bedrooms, All Within 2.5 Blocks of Each Other: Achieve Scale with One Smart Acquisition
  • Fully Leased with 4 Long-Term Leases Locked In Through 2026: Ensure Stability and Low Turnover in Year 1
  • $316,800 Annual Gross Income with Upside to $343,200 at Market Rents

OVERVIEW

Large, three-story rowhomes with spacious living areas, generously sized bedrooms, rear yards, and full basements. Many finishes are consistent across the portfolio, streamlining repairs and maintenance. Kitchens feature durable laminate countertops, real wood cabinets, stainless steel sinks, and 30? gas ranges. Bathrooms include a mix of full-size tubs and shower stalls, primarily with vinyl enclosures, along with some ceramic tile. Six of the seven homes have hardwood floors in the main living areas, while 2944 features durable painted plywood flooring throughout. Kitchens have laminate flooring, and bathrooms are finished with either laminate or ceramic tile. Tenants value the large basements for storage and activities, as well as the convenience of full-size washers and dryers. Each home is equipped with 100- or 150-amp electrical service, ensuring ample capacity for tenants to run electronics without issues. Two properties feature gas-fired forced air furnaces, one of which includes central air conditioning, while the others are heated by gas-fired boilers with radiator distribution. Gas-fired water heaters range from 40 to 50 gallons. With only a few remaining wooden or aluminum windows, replacing these with vinyl could create an opportunity to achieve Lead Free Limited or Lead Free status, simplifying turnover processes. Observable interior supply lines are C-PVC or copper, and observable drain lines are PVC or steel. Typical for this neighborhood are rubber roofs, two with aluminum fiber coating, and one with a pitched asphalt shingle facade. There are value-add opportunities to further enhance the portfolio, such as installing central air conditioning in additional properties, upgrading kitchens with dishwashers and over-the-range microwaves, and making cosmetic improvements to bathrooms. These upgrades could improve tenant retention, increase rental rates, and further streamline management operations. Tenants residing in this Charles Village SFR Portfolio can walk to the Charles Village Shopping District, Johns Hopkins University’s Homewood Campus, and Wyman Park. These properties collectively earn the designation of a “Walker’s Paradise,” with a WalkScore of 92 and a BikeScore of 86. The Charles Village neighborhood is served by the Charles Village Benefits District, a nonprofit organization that helps keep the area clean, organizes security patrols, and hosts community events. Tenants appreciate the safety, convenience, and sense of community that Charles Village offers its residents. Scaling in Charles Village is no small feat, as larger buildings with 20+ bedrooms are both rare and rarely traded. Securing 41 bedrooms in this highly sought-after neighborhood offers investors a unique and compelling opportunity to expand their portfolio in one of Baltimore’s most vibrant rental markets.

ASK ABOUT THIS PROPERTY

Tom FairBen Frederick Realty, Inc.More Info
410-235-9500

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Tom FairBen Frederick Realty, Inc.More Info
410-235-9500

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.