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702 Homestead St 4 Unité Immeuble d’appartements 572 327 $ CAD (143 082 $ CAD/Unité) 9,16% Taux de capitalisation Baltimore, MD 21218



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FAITS SAILLANTS DE L'INVESTISSEMENT
- 3 Units Rented in a Rapidly Improving Neighborhood — Capture cash flow now and lease the final unit in a high-demand pocket of Better Waverly.
- Strong Physical Conditions — 2020 roof, replacement wood windows and updated plumbing minimize repair expenses.
- Below-Market Rents Offer Organic Upside — Gradual rent increases can improve returns without major capital investment.
- Walkable Location Near Daily Essentials — Tenants enjoy access to Giant, Ace Hardware, the YMCA, and a year-round farmers market.
RÉSUMÉ DE L'ANNONCE
Better Waverly Rental Interiors:
702 Homestead Street features four two-bedroom apartments. Kitchens include laminate countertops, wood cabinets, 30” gas ranges, dishwashers, and stainless steel sinks—some with garbage disposals. Bathrooms are equipped with modern vanities, steel tubs, and ceramic tile tub surrounds. Flooring includes carpet in living areas and ceramic tile in kitchens and baths. Each apartment is outfitted with its own washer and dryer hookups and tenants can provide their own in-unit laundry.
Utilities:
With a 2020 asphalt shingle roof and fully separated utilities, this Better Waverly rental property for sale is built for efficient management. Each apartment is individually metered for gas and electric (4 gas meters, 5 electric meters) and served by its own gas furnace with central air and electric water heater. Supply and drain lines are a mix of C-PVC and PVC. While the landlord currently pays for water and sewer, a new owner could implement a utility reimbursement structure to recapture those costs and enhance returns.
What’s Special About Better Waverly:
This Better Waverly rental property sits in a neighborhood where 51% of residents are homeowners—a factor that contributes to well-maintained homes, cleaner blocks, and stronger community stability. Located just 0.2 miles—or within a 4-minute walk—of Giant, Ace Hardware, the YMCA, and the Enoch Pratt Library, tenants benefit from highly walkable access to essential amenities. The 32nd Street Farmers Market operates year-round just a few blocks away, and the Johns Hopkins University Homewood Campus is less than a mile away. Active renovation projects throughout the surrounding blocks signal ongoing investment and continued neighborhood growth.
702 Homestead Street features four two-bedroom apartments. Kitchens include laminate countertops, wood cabinets, 30” gas ranges, dishwashers, and stainless steel sinks—some with garbage disposals. Bathrooms are equipped with modern vanities, steel tubs, and ceramic tile tub surrounds. Flooring includes carpet in living areas and ceramic tile in kitchens and baths. Each apartment is outfitted with its own washer and dryer hookups and tenants can provide their own in-unit laundry.
Utilities:
With a 2020 asphalt shingle roof and fully separated utilities, this Better Waverly rental property for sale is built for efficient management. Each apartment is individually metered for gas and electric (4 gas meters, 5 electric meters) and served by its own gas furnace with central air and electric water heater. Supply and drain lines are a mix of C-PVC and PVC. While the landlord currently pays for water and sewer, a new owner could implement a utility reimbursement structure to recapture those costs and enhance returns.
What’s Special About Better Waverly:
This Better Waverly rental property sits in a neighborhood where 51% of residents are homeowners—a factor that contributes to well-maintained homes, cleaner blocks, and stronger community stability. Located just 0.2 miles—or within a 4-minute walk—of Giant, Ace Hardware, the YMCA, and the Enoch Pratt Library, tenants benefit from highly walkable access to essential amenities. The 32nd Street Farmers Market operates year-round just a few blocks away, and the Johns Hopkins University Homewood Campus is less than a mile away. Active renovation projects throughout the surrounding blocks signal ongoing investment and continued neighborhood growth.
FAITS SUR LA PROPRIÉTÉ
| Prix | 572 327 $ CAD | Sous-type de propriété | Appartement |
| Prix par unité | 143 082 $ CAD | Classe d’immeuble | C |
| Type de vente | Investissement | Taille du lot | 0,09 AC |
| Taux de capitalisation | 9,16% | Taille du bâtiment | 1 920 pi² |
| Multiplicateur du loyer brut | 7.5 | Occupation moyenne | 75% |
| Nombre d’unités | 4 | Nombre d’étages | 3 |
| Type de propriété | Immeuble residentiel | Année de construction | 1920 |
| Zonage | R7 - Autorisé pour 4 unités d'habitation | ||
| Prix | 572 327 $ CAD |
| Prix par unité | 143 082 $ CAD |
| Type de vente | Investissement |
| Taux de capitalisation | 9,16% |
| Multiplicateur du loyer brut | 7.5 |
| Nombre d’unités | 4 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Classe d’immeuble | C |
| Taille du lot | 0,09 AC |
| Taille du bâtiment | 1 920 pi² |
| Occupation moyenne | 75% |
| Nombre d’étages | 3 |
| Année de construction | 1920 |
| Zonage | R7 - Autorisé pour 4 unités d'habitation |
UNITÉ RENSEIGNEMENTS SUR LE MÉLANGE
| DESCRIPTION | NOMBRE D’UNITÉS | LOYER MOYEN/MOIS | pi² |
|---|---|---|---|
| 2+1 | 4 | - | - |
1 1
Walk Score®
Un paradis pour un marcheur (95)
Bike Score®
Très cyclable (71)
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702 Homestead St
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