Baltimore, MD 21218

Property Description

BACK ON MARKET BUYERS FINANCING FELL THROUGH PRIME CHARLES VILLAGE 4-UNIT | STRONG LOCATION | VALUE-ADD OPPORTUNITY Investors, take notice: 3119 Guilford Avenue is a well-located four-unit property in the heart of Charles Village, just three blocks from Johns Hopkins University’s Homewood campus. This end unit property consists of four apartments, with each unit occupying an entire floor, creating spacious layouts and an attractive rental configuration. The property is being offered as a value-add investment opportunity, with the existing kitchens and bathrooms ready for your renovations. An investor can bring a fresh vision to the four apartments, updating finishes, kitchens, and baths.The current kitchens feature gas ranges, stainless steel sinks, laminate countertops, and a mix of wood and metal cabinetry. Bathrooms vary in configuration, including three full tubs and one stand-up shower. One of the biggest advantages of 3119 Guilford is the way the property is separately metered. Each apartment has its own gas and electric meter, and tenants pay for their own water, keeping landlord-paid utilities and operating expenses low. The property features: 4 separate electric meters Separate gas-fired forced-air furnaces for each apartment Individual water heaters for each unit Tenant-paid water Location is one of the property's greatest assets. Johns Hopkins University’s Homewood campus is only three blocks away, placing the property in a highly desirable rental area with access to a major university, employment center, hospital, retail, restaurants, and neighborhood amenities. Tenants can walk to: Johns Hopkins University Homewood Campus Charles Village shopping and dining Union Memorial Hospital Local parks, restaurants, and neighborhood amenities This property will need renovations. This property was rented out and is currently vacant. The last renter moved out the first weekend in August. The block also benefits from Johns Hopkins campus security and the Charles Village Benefits District, which supports neighborhood cleanliness, security patrols, and community programming. For an investor seeking a Baltimore multifamily property - THIS IS IT - 3119 Guilford Avenue offers the opportunity to acquire, stabilize, improve, and grow value over time. Please note this property will need renovations.