Experience the ease of turn-key, fully leased apartments in the sought-after Charles Village neighborhood. With 4 meticulously maintained one-bedroom units, this property offers an incredible opportunity for a new owner to enjoy top-market rents, low maintenance, and stable profits. 3034 Guilford Avenue houses 4 one-bedroom apartments. Kitchens are designed for convenience and durability, with sturdy, easy-to-clean finishes. Tenants enjoy the modern amenities of full-sized 30″ gas ranges, built-in microwaves, and stainless steel sinks complete with garbage disposals. Bathrooms feature modern vanities and full steel bathtubs. The apartments have drywall walls and ceilings throughout, and some apartments have stylish recessed lighting. Floors are a mix of hardwood, laminate, and luxury vinyl plank. Each apartment at 3034 Guilford Avenue is separately metered for gas and electric, giving tenants the responsibility of their own utility usage. Currently the landlord covers heat, public electric, and cold water/sewer; a savvy investor could implement a billback program to increase revenue. The building utilizes a steam boiler for heat. Vinyl replacement windows help to keep heating costs low. Visible plumbing supply lines are copper; drain lines are pvc. Each apartment has its own separate water heater. Tenants share a stacked clothes washer/dryer in the basement. An oversized 1-car garage can provide parking or storage and may supplement rental income. The lead-free limited status of 3034 Guilford Avenue lessens landlord liability, and significantly decreases energy spent on lead inspections. Guilford Avenue offers a quiet reprieve from the hustle and bustle of Charles Village, with its tree-lined, speed-reduced street. Tenants can walk to the Charles Village Shopping District, Johns Hopkins University Homewood Campus and Wyman Park. 3034 Guilford Ave earns the designation “Walker’s Paradise” with a WalkScore of 94, a TransitScore of 68, and a BikeScore of 85. 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. Investment Summary: $595,000 $148,750 Per Unit $274 Per Sq. Ft. 10.9 Times Actual Rents (GRM) 8.6 Times Market Rents (GRM) 8.15% Cap Rate 8.2% Projected Cash-on-Cash Return
Sold for $560,000 on 09/15/23
$560,000
3034 Guilford Ave, Baltimore, MD 21218
4beds
4baths
2,874sqft
Townhouse
Built in 1893
-- sqft lot
$579,400 Zestimate®
$195/sqft
$1,347 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: September 15, 2023 at 10:38am
Listed by:
Thomas H Fair 410-235-5200,
Ben Frederick Realty, Inc.
Bought with:
Thomas H Fair, 649854
Ben Frederick Realty, Inc.
Source: Bright MLS,MLS#: MDBA2088226

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
Basement
- Area: 750
Heating
- Radiator, Steam, Natural Gas
Cooling
- None
Appliances
- Included: Gas Water Heater, Water Heater
Features
- Basement: Partial,Finished
- Has fireplace: No
Interior area
- Total structure area: 2,924
- Total interior livable area: 2,874 sqft
Property
Parking
- Total spaces: 1
- Parking features: Garage Faces Rear, Oversized, Detached
- Garage spaces: 1
Accessibility
- Accessibility features: None
Features
- Patio & porch: Porch
- Pool features: None
Lot
- Size: 2,464 sqft
- Dimensions: 16' x 154'
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 0312193858 030
- Zoning: R-6
- Zoning description: Licensed for 4 Dwelling Units
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Townhouse
Materials
- Brick
- Foundation: Stone
- Roof: Rubber
Condition
- Excellent
- New construction: No
- Year built: 1893
Utilities & green energy
- Electric: 200+ Amp Service
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Baltimore
- Subdivision: Charles Village
- Municipality: Baltimore City
HOA & financial
Other financial information
- Total actual rent: 54480
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional,FHA,VA Loan
- Ownership: Fee Simple
Services availability
Sell for more on Zillow
Get a free Zillow Showcase℠ listing and you could sell for .
$579,400
2% more+ $11,588
With Zillow Showcase(estimated)
$590,988