942 N Broadway, Baltimore, MD 21205

USD 425,000

For Sale MLS: MDBA2221552

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Property Details

Bathrooms

Description

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 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

PROPERTY DETAILS: Square Feet: 1974 | Bathrooms: 6

INTERIOR FEATURES: • Square Footage (approx): 1,806 Sq. Ft. Above Ground, Sq. Ft. Below Ground • Cooling: Central Air, Electric • Heating: Gas Heat, Central • Plumbing: Gas Water Heater • Basement: Unfinished

EXTERIOR FEATURES: • Parking: On Street. • Exterior: Brick • Pool Description: None • Zoning: OR-1

LISTING AGENT: Agent: Song Hong | Office: Turn Key Homes Litmited Libability | Phone: 4438472950 | Email: [email protected]

LISTING INFORMATION: MLS#: MDBA2221552 | Status: FOR SALE

Location

Address

942 N Broadway

City

Baltimore

Features and Finishes

Interior Features:

• Square Footage

(approx): 1,806 Sq. Ft. Above Ground, Sq. Ft. Below Ground

• Cooling: Central Air, Electric

• Heating: Gas Heat, Central

• Plumbing: Gas Water Heater

• Basement: Unfinished

Exterior Features:

• Parking: On Street.

• Exterior: Brick

• Pool Description: None

• Zoning: OR-1

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