Prime Investment Opportunity: Gutted 6-Unit Building Near Johns Hopkins University Student Center Located just a block away from the highly anticipated new Johns Hopkins University Student Center, this gutted 6-unit building presents an exceptional investment opportunity in one of Baltimore's most desirable neighborhoods. With its proximity to the university, the… Read More building is perfectly positioned to serve the growing demand for student housing, faculty residences, or multi-family rentals. This property offers a blank canvas for developers, investors, or visionaries looking to capitalize on the area's rapid development. The building has been completely gutted, providing a clean slate to design and customize each unit to suit modern living standards. Whether you're looking to create high-end student apartments or multi-family units, this property offers immense potential for value appreciation. Key Features: Prime Location: Just one block from the Johns Hopkins University Student Center, with easy access to campus, restaurants, shops, and public transportation. Fully Gutted: Ready for a full renovation - very limited demolition required. Perfect for investors looking to redesign the property to maximize rental income or resale value. Large, Spacious Units: Approved for two 3 bedroom and two 4 bedroom units, maximizing rental income potential in a high-demand market. Market rents for this space will command an average of $1,000 per month per bedroom. Bringing in $14,000 per month. Development Potential: The building's layout and zoning offer flexibility for various development projects, whether residential or mixed-use. Strong Rental Market: The Johns Hopkins University area has a consistently high demand for housing, ensuring strong rental prospects or potential for sale. This property is an ideal opportunity for those seeking to invest in a rapidly developing area of Baltimore. With thoughtful renovations, this gutted building could quickly transform into a highly profitable asset in the heart of one of the city's most sought-after locations. Don't miss out on the chance to be part of the transformation of this dynamic neighborhood! See drawings for better understanding. Read Less
Courtesy of Mark D Simone, Keller Williams Legacy 443-660-9229
Listing Snapshot
Days Online
35
Last Updated
Property Type
Other
Year Built
1921
MLS Number
MDBA2208428
Additional Details
Basement
Walkout Level, Side Entrance
Building
Built in 1921, 4 stories, Construction Materials: Brick
Cooling
Window Unit(s)
Accessibility Features
None
Exterior Features
Patio/Porch Features: Porch(es)
Floors
Hardwood
Garage
2 spaces
Heating
Radiator
Lot
Corner
Property
Other structures: Above Grade
Sewer
Public Sewer
Taxes
Annual Amount: $6,600, Year: 2025, Zoning: MULTI-FAMILY 6 UNITS
Utilities
Water Source: Public
Find The Perfect Home
'VIP' Listing Search
Whenever a listing hits the market that matches your criteria you will be immediately notified.
This information is provided exclusively for consumers' personal, non-commercial use; that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by BrightMLS. Information may appear from many brokers but not every listing in BrightMLS is available. This content last updated on .
Confirm your time
Fill in your details and we will contact you to confirm a time.