Discover an exceptional investment opportunity located directly across from Union Memorial MedStar Hospital, home to over 2,500 employees, and just two blocks from Johns Hopkins Homewood University, a hotspot for student housing. This prime location offers significant value-add potential through interior improvements and rent increases, promising long-term wealth growth and appreciation for Charles Village investors. Don't miss out on capitalizing on this high-demand area!
This savvy landlord has implemented a utility bill-back ratio for water service, public service electric and heating fuel, enhancing monthly cash flow. A central gas-fired hot water boiler provides heating through radiator distribution, while a central gas-fired water heater supplies hot water to the units. The observable interior supply lines consist of galvanized, copper, and plastic materials, and the observable drain lines are a mix of steel and PVC. The building features five electric meters, with electrical panels containing a combination of Federal Pacific and Square D breakers. Leases include built-in 5% rent increases upon renewal; automatically increase your rental income each year with this investment property. This 4-unit multi-family building, located across from Union Memorial, is a large end-of-group. The extra south-facing windows provide ample natural sunlight to the apartments. Kitchen counters are a mix of Formica, granite or porcelain. Cabinets are either metal or wood. Bathrooms have either steel or cast-iron tubs, all with ceramic tile-surrounds. The walls are a mix of plaster and drywall, and the ceilings include Celotex, drywall, plaster, and drop tile. A covered porch provides a welcoming entrance, and tenants appreciate the free laundry facilities in the basement. The brick garages at the rear of the property each have large wooden doors. In addition to being across the street from one of Baltimore City’s major employers, 3301 Guilford is 1 block to the Johns Hopkins Shuttle Bus, 1 block to the Charles Village Shopping District and just 2 blocks from Johns Hopkins University Homewood Campus. Located in the Oakenshawe neighborhood, just north of Charles Village, 3301 is patrolled by both Johns Hopkins and Union Memorial security. This location earns a “Walker’s Paradise” Walk Score of 94; a Transit Score of 67; and a Bike Score of 82.