937-939 N Calvert Street, Baltimore, MD 21202 For Sale

Harbor Stone Advisors is pleased to present 937-939 N Calvert, a prime rehab opportunity located in Historic Mount Vernon. The property is less than a 10-minute walk from the University of Baltimore and the Peabody Institute of The Johns Hopkins University, and a half mile from UMMC Midtown Campus. 937-939 N Calvert is also a 14-minute walk from Penn Station, which is undergoing $150 million worth of renovations over the next several years.

937 N Calvert features 6 apartments with a mix of (5) 1 Br-1 Ba and (1) 2 Br-1 Ba. Typical unit features consist of white appliances, wood cabinets, laminate countertops, and laminate/parquet/tile flooring. 939 N Calvert features (6) 1 Br-1 Ba apartments in shell condition. The opportunity exists for a new owner to renovate all of the units at 937 N Calvert and build out the units at 939 N Calvert, with a suggested scope of stainless steel appliances, granite countertops, updated cabinets and bathrooms, and LVT flooring throughout. Based on comparable properties nearby, the rents at 937 N Calvert can be increased at least 20% post renovation. The work performed at 939 N Calvert would also be eligible for the 10 year CHAP tax credit.

For more information, visit the property website: https://buildout.com/website/937-939-North-Calvert