942 North Broadway Baltimore, MD 21205

$425,000
5
Beds
5.5
Baths
0.02
Acres
1,806
SQFT
235
$/SQFT
$425,000
5
Beds
5.5
Baths
1,806   sf
$235 / sf
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Executive SummaryFully renovated, stabilized income-producing property configured as five private bedroom suiteswith five full baths and one half bath. The property is 100% occupied with newly signed one-yearleases and has a proven operating history serving Johns Hopkins students and healthcareprofessionals.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 occupiedRent RollFour rooms at $950/month and one room at $875/month. Gross monthly income: approximately$4,675. Gross annual income: approximately $56,100.Operating SummaryOwner-paid utilities are approximately $700/month. Home warranty approximately $75/month. NoHOA. Mortgage approximately $1,800/month (includes escrow; mortgage is not used in NOIvaluation).Investment ThesisThe property is best marketed as a turnkey, cash-flowing investment rather than a traditionalsingle-family residence. Fresh leases, multiple income streams, and proximity to Johns Hopkinsdistinguish it from many nearby properties.Valuation DiscussionResidential comparable sales and the income approach should both be considered. Theappropriate asking price should ultimately be supported by verified comparable sales, legal rentalconfiguration, and documented operating income.Marketing StrategyTarget investor buyers seeking immediate cash flow, student housing, healthcare-worker housing,or long-term hold opportunities. Emphasize occupancy, renovation quality, and operational history.Next StepsThis memorandum is a preliminary package. A final broker-quality offering memorandum shouldincorporate current comparable sales, neighborhood maps, charts, verified operating statements,and professional photography.Current Rent RollRoomMonthly Rent1-$9502-$9503-$9504-$9505-$875Total$4,67Turn Key Home, furniture included.

Executive SummaryFully renovated, stabilized income-producing property configured as five private bedroom suiteswith five full baths and one half bath. The property is 100% occupied with newly signed one-yearleases and has a proven operating history serving Johns Hopkins students and healthcareprofessionals.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 occupiedRent RollFour rooms at $950/month and one room at $875/month. Gross monthly income: approximately$4,675. Gross annual income: approximately $56,100.Operating SummaryOwner-paid utilities are approximately $700/month. Home warranty approximately $75/month. NoHOA. Mortgage approximately $1,800/month (includes escrow; mortgage is not used in NOIvaluation).Investment ThesisThe property is best marketed as a turnkey, cash-flowing investment rather than a traditionalsingle-family residence. Fresh leases, multiple income streams, and proximity to Johns Hopkinsdistinguish it from many nearby properties.Valuation DiscussionResidential comparable sales and the income approach should both be considered. Theappropriate asking price should ultimately be supported by verified comparable sales, legal rentalconfiguration, and documented operating income.Marketing StrategyTarget investor buyers seeking immediate cash flow, student housing, healthcare-worker housing,or long-term hold opportunities. Emphasize occupancy, renovation quality, and operational history.Next StepsThis memorandum is a preliminary package. A final broker-quality offering memorandum shouldincorporate current comparable sales, neighborhood maps, charts, verified operating statements,and professional photography.Current Rent RollRoomMonthly Rent1-$9502-$9503-$9504-$9505-$875Total$4,67Turn Key Home, furniture included.

  • Neighborhood
  • Type
  • Total Baths
  • 1/2 Baths
  • County
    Baltimore City
  • Tax Amount
    $1,770
  • Status
    Active
  • Listing #
    MDBA2221552
  • Built
    1920
  • Lot Size
    0.02
  • Listed on site
    14 days
  • Listing Agent Id
    121137180120

Listed by:
Turn Key Homes Litmited Libability

Source:
BRIGHT MLS

School Info

Property details

Community Features

  • No HOA
  • No Adult Community

Property Features

  • No Builder Restrictions

Exterior features

  • No Pool
  • Basement

Interior Features

  • Central Air Conditioning

Style

  • Traditional

Property History

DateDays AgoEventNew Price
Jul 3, 202611 days agoPrice decreased25,000 (6%)$425,000
Jun 30, 202614 days agoNew on market$450,000
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