Nestled within the heart of Charles Village in Baltimore, MD, the four-unit apartment building at 2539 Saint Paul Street boasts a prime location. Charles Village’s historic charm, proximity to educational institutions like Johns Hopkins University, and vibrant community make it a sought-after area for residents and renters alike. The property’s strategic location ensures a consistent influx of potential tenants, minimizing vacancy risks and enhancing its long-term investment potential.
STEADY RENTAL DEMAND The Property benefits from being in close proximity to universities, medical centers, and employment hubs, ensuring a reliable and consistent demand for rental units. With its appeal to students, young professionals, and families seeking urban convenience, the building is poised to maintain a strong occupancy rate, providing a consistent and predictable rental income stream for investors.
VALUE-ADD OPPORTUNITIES The Property presents enticing value-add opportunities that can drive increased rental income and overall value. Through strategic renovations, modernization, and upgraded amenities (such as in-unit W/D), investors can command higher rents, attract a higher caliber of tenants, and subsequently enhance the building’s market value. Implementing improvements such as updated appliances, modern finishes, or energy-efficient features can significantly elevate tenant satisfaction and justify higher rental rates
DIVERSIFIED INCOME STREAMS Investing in a four-unit apartment building offers the advantage of diversified income streams. The presence of multiple units reduces dependence on a single tenant and minimizes the impact of vacancies on overall cash flow. This built-in diversification helps stabilize income and mitigates risk associated with potential tenant turnover.
TAX ADVANTAGES Investing in real estate offers attractive tax benefits that can positively impact an investor’s returns. Deductible expenses such as mortgage interest, property taxes, and maintenance costs can lead to reduced taxable income. Investors can leverage depreciation deductions to optimize the property’s tax efficiency, ultimately bolstering overall returns.
POTENTIAL FOR APPRECIATION The dynamic nature of Charles Village, coupled with ongoing community revitalization efforts, presents the potential for property appreciation over time. As the neighborhood continues to evolve and attract investments, property values may rise, offering investors the prospect of capital gains upon resale and contributing to long-term wealth growth.
Listing information provided courtesy of the Bright MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 22nd September, 2023 5:14 AM (UTC)