Baltimore, MD 21218

Property Description

● Value-Add Opportunity: Older kitchens and bathrooms are in working condition, and the building is fully occupied. Updating the apartments creates an opportunity to maximize rents and create long-term value. ● Oversized Apartments: 3,456 square feet of gross building area includes one three-bedroom, two-bath apartment and two two-bedroom, one-bath apartments. ● Tenant-Paid Utilities: Tenants currently pay for gas, electric and water, helping limit the owner’s utility exposure and support monthly cash flow. ● Great Charles Village Location: Wyman Park is across the street, with Johns Hopkins University’s Homewood Campus, R. House, neighborhood shopping and JHU shuttle service nearby. 103 West 29th Street is a fully occupied, three-unit apartment building offering unusually large apartments in a highly walkable Charles Village location. The building includes one three-bedroom, two-bath apartment and two two-bedroom, one-bath apartments within 3,456 square feet of gross building area. The kitchens and bathrooms are older but remain in working condition, allowing a new owner to complete improvements over time. Kitchens include laminate countertops, wood or metal cabinets and 30-inch gas ranges. Bathrooms feature cast-iron tubs with ceramic tile surrounds and ceramic tile or vinyl flooring. Updating the kitchens, bathrooms and interior finishes provides a clear path to modernizing the apartments, maximizing rents and creating long-term value. Each apartment has its own gas-fired furnace and gas-fired water heater. The property is served by four electric meters and three gas meters. Tenants currently pay for gas, electric and water. Wyman Park is directly across the street, while R. House and the Charles Village shopping district are approximately three blocks away. Johns Hopkins University’s Homewood Campus and nearby JHU shuttle service help the property appeal to a broad tenant pool. The Maryland Avenue protected bike lane begins at the end of the block, and Baltimore Penn Station provides convenient regional rail service.