3125 Mcelderry St, BALTIMORE
MLS® # MDBA2149944
Attention Investors and Business Owners. John’s Hopkins adjacent C1 3 Unit Property. Boasts a beautifully renovated 2BD Residential unit rented for $1,450/m, a retail apparel tenant paying $450/m and a vacant lower level commercial space with potential rent of $850/m. Business owners could work rent free as $1,900/m income exceeds an estimated $1,700/m mortgage payment. Investors who wish lease out the lower commercial space could generate a 15% cash on cash return. Great uses for lower level tenant is coffee shop, salon, cell phone, office etc. Property is located in the busy Monument Street business corridor and is half a block from the John Hopkins Medical Campus. Property has great foot traffic from Hopkins Employes as well as the local community. Lease with the Option to Purchase is also available. Rare to find this renovated cash flowing asset in an excellent location with continued upside. Don’t miss out. Call to get more info today!
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Listing information last updated on December 21st, 2024 at 10:15pm EST.