Executive Summary Fully renovated, stabilized income-producing property configured as five private bedroom suites with five full baths and one half bath. The property is 100% occupied with newly signed one-year leases and has a proven operating history serving Johns Hopkins students and healthcare professionals. Property Highlights - Approx. 2,400-2,500+ SF… Read More - 5 Bedrooms / 5 Full Baths / 1 Half Bath - Dual HVAC systems - Two laundry rooms - New plumbing, electrical, HVAC - Excellent condition - Fully occupied Rent Roll Four rooms at $950/month and one room at $875/month. Gross monthly income: approximately $4,675. Gross annual income: approximately $56,100. Operating Summary Owner-paid utilities are approximately $700/month. Home warranty approximately $75/month. No HOA. Mortgage approximately $1,800/month (includes escrow; mortgage is not used in NOI valuation). Investment Thesis The property is best marketed as a turnkey, cash-flowing investment rather than a traditional single-family residence. Fresh leases, multiple income streams, and proximity to Johns Hopkins distinguish it from many nearby properties. Valuation Discussion Residential comparable sales and the income approach should both be considered. The appropriate asking price should ultimately be supported by verified comparable sales, legal rental configuration, and documented operating income. Marketing Strategy Target investor buyers seeking immediate cash flow, student housing, healthcare-worker housing, or long-term hold opportunities. Emphasize occupancy, renovation quality, and operational history. Next Steps This memorandum is a preliminary package. A final broker-quality offering memorandum should incorporate current comparable sales, neighborhood maps, charts, verified operating statements, and professional photography. Current Rent Roll Room Monthly Rent 1-$950 2-$950 3-$950 4-$950 5-$875 Total $4,67 Read Less
Courtesy of Song M. Hong, Turn Key Homes Litmited Libability 443-847-2950
Listing Snapshot
Days Online
6
Last Updated
Property Type
Townhouse
Beds
5
Full Baths
5
Partial Baths
1
Square Ft.
1,806
Lot Size
0.02 Acres
Year Built
1920
MLS Number
MDBA2221552
Additional Details
Basement
Unfinished
Building
Built in 1920, Living area: 1806, Levels: 3, Construction Materials: Brick
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