2522 N Calvert Street , Baltimore, MD 21218

Property Description

This three-unit property in Charles Village offers a solid, income-producing opportunity with both stability and upside. With a mix of long-term tenants and a furnished rental unit, the building is already generating cash flow, while providing a new owner with the ability to increase returns over time. The property consists of three full-floor apartments, each providing privacy and a functional layout. Two units are leased to long-term tenants per month, creating a reliable income base. The third-floor unit is fully furnished and currently rented, catering to traveling professionals and short-term housing needs. The furnished unit has been particularly attractive for traveling nurses and temporary stays, especially given its proximity to Johns Hopkins University Homewood Campus. This unit is being offered completely turnkey, with all furnishings included in the sale. It also features its own in-unit washer and dryer, a key amenity that drives demand and allows for potential rent growth. Inside, the apartments feature hardwood flooring throughout, along with a mix of updated kitchens and bathrooms. Kitchens include modern finishes and stainless steel sinks, while bathrooms have been refreshed with tile flooring and updated fixtures. One unit retains a classic claw-foot tub, adding character to the space. Tenants benefit from bright living areas, a shared rear patio for outdoor use, and access to the common laundry in the basement. The first-floor unit also includes one dedicated parking space, a valuable feature in this area that adds convenience and tenant appeal. The building has been maintained with key system updates, including a newer furnace, updated water heater, replacement windows, and a coated roof designed for durability and efficiency. Utilities are partially separated, with each unit individually metered for electricity. Gas service is split between two meters, and water and sewer are currently paid by the owner, presenting an opportunity for a new owner to improve cash flow by adjusting expense responsibilities. Subject to CVCBD tax. Located in a highly walkable area with access to parks, retail, and dining, this property combines strong fundamentals with additional upside through the furnished rental component. Whether you are looking for a stabilized investment or a property with room to grow, this asset checks both boxes.

Property Features

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