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Charles Village 18 Unit Portfolio 1 biens • Immeuble residentiel • À vendre 2 363 986 $ CAD • Baltimore, MD
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Faits saillants de l'investissement
- 4 buildings within 470 feet in the 2700 & 2800 block of Saint Paul — creates operational efficiency and rare block-level density steps from JHU
- $94,444 per unit entry point — allows acquisition below prevailing renovated apartment pricing in the corridor.
- Current rents are 40% below market — organically increasing rents to market projects a 10.33% cap rate and 15.5% cash-on-cash return.
Résumé de l'annonce
Four Buildings | 18 Apartments | Johns Hopkins Rental Corridor
This offering presents a rare opportunity to acquire four multifamily buildings spanning two consecutive blocks of Saint Paul Street in Baltimore’s Charles Village neighborhood, just blocks from Johns Hopkins University’s Homewood Campus.
The portfolio includes 18 apartments comprised of one rooming unit, four studios, ten one-bedroom units, and three two-bedroom apartments. The buildings are located within 470 walking steps of one another, creating management density and operational efficiency within one of Baltimore’s most consistent rental corridors.
The properties benefit from exceptional walkability and connectivity. A Johns Hopkins shuttle stop one block west provides direct access to both the Homewood and Hospital campuses, while the Charles Village Shopping District — four blocks away — offers national retailers including Starbucks, Chipotle, Barnes & Noble, and a grocery store.
Comparable apartments in the immediate area are achieving rents between $950 and $1,150 per month. Bringing current rents to market levels projects a 10.33% cap rate and approximately 15.5% cash-on-cash return.
Offered at approximately $94,444 per unit, the portfolio provides an attractive entry basis relative to renovated student housing assets in the corridor, which commonly trade at significantly higher per-unit pricing.
Opportunities to acquire multiple buildings in such close proximity to Johns Hopkins University are limited.
This offering presents a rare opportunity to acquire four multifamily buildings spanning two consecutive blocks of Saint Paul Street in Baltimore’s Charles Village neighborhood, just blocks from Johns Hopkins University’s Homewood Campus.
The portfolio includes 18 apartments comprised of one rooming unit, four studios, ten one-bedroom units, and three two-bedroom apartments. The buildings are located within 470 walking steps of one another, creating management density and operational efficiency within one of Baltimore’s most consistent rental corridors.
The properties benefit from exceptional walkability and connectivity. A Johns Hopkins shuttle stop one block west provides direct access to both the Homewood and Hospital campuses, while the Charles Village Shopping District — four blocks away — offers national retailers including Starbucks, Chipotle, Barnes & Noble, and a grocery store.
Comparable apartments in the immediate area are achieving rents between $950 and $1,150 per month. Bringing current rents to market levels projects a 10.33% cap rate and approximately 15.5% cash-on-cash return.
Offered at approximately $94,444 per unit, the portfolio provides an attractive entry basis relative to renovated student housing assets in the corridor, which commonly trade at significantly higher per-unit pricing.
Opportunities to acquire multiple buildings in such close proximity to Johns Hopkins University are limited.
Faits sur la propriété
| Prix | 2 363 986 $ CAD | Nombre de propriétés | 4 |
| Prix/pi² | 678,14 $ CAD / pi² | Individuellement en vente | 0 |
| Taux de capitalisation | 10,33% | Taille totale du bâtiment | 3 486 pi² |
| Type de vente | Investissement | Superficie totale du terrain | 0,05 AC |
| Statut | Actif |
| Prix | 2 363 986 $ CAD |
| Prix/pi² | 678,14 $ CAD / pi² |
| Taux de capitalisation | 10,33% |
| Type de vente | Investissement |
| Statut | Actif |
| Nombre de propriétés | 4 |
| Individuellement en vente | 0 |
| Taille totale du bâtiment | 3 486 pi² |
| Superficie totale du terrain | 0,05 AC |
Propriétés
| Nom de la propriété/adresse | Type de propriété | Taille | Année de construction | Prix individuel |
|---|---|---|---|---|
| 2711 Saint Paul St, Baltimore, MD 21218 | Immeuble residentiel | 3 486 pi² | 1900 | - |
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Charles Village 18 Unit Portfolio
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