● Large Apartments in Baltimore’s Forest Park Neighborhood: Offering a high rate of return once market rents are achieved. ● Certified Limited Lead-Free: Vinyl windows and mostly drywall interiors support lead compliance—reducing legal risk and easing turnover-related expenses. ● Average Tenancy of Nearly 5 Years: A blend of long-term and newer residents promotes rent stability and minimizes vacancy and leasing costs. ● Separately Metered Utilities: Each apartment is individually metered for gas and electric, shifting utility costs to tenants and reducing landlord expenses. Interiors This Forest Park 8-Unit Apartment Investment features a mix of two- and three-bedroom floor plans. Kitchens are outfitted with wood cabinets, laminate counters, and 30” gas ranges. Bathrooms include modern vanities, steel tubs, and ceramic tile surrounds. Living areas feature a mix of hardwood and laminate flooring, with one unit containing vinyl flooring. Kitchens and bathrooms are finished with ceramic tile. Walls and ceilings are a combination of drywall and plaster, with one unit including a section of painted, exposed brick. Lower-level apartments offer convenient rear walk-out access. Three-bedroom units include in-suite washers and dryers, while tenants in two-bedroom units share a no-cost laundry room located in the lower level. Thanks to the combination of vinyl windows and mostly drywall interiors, the property is certified Limited Lead-Free—reducing compliance burdens and easing turnover. Utilities: Each apartment is served by its own gas-fired furnace for heating, in addition to each apartment having its own gas-fired water heater. Tenants maintain their own BGE accounts for gas and electric service. The landlord pays for the Public Service electric meter and water service. Observable plumbing includes C-PVC supply lines and PVC drain lines. A dumpster contract is in place for tenant trash removal. What’s Special About This Forest Park 8-Unit Apartment Investment: Forest Park offers a strong foundation for long-term rental performance, with 55% of residents choosing to rent and a track record of housing stability throughout the neighborhood. Retail amenities—including ShopRite and other essentials—are located less than a mile away along Liberty Heights Avenue, supporting tenant convenience and walkability. At 4001 Barrington, an average tenancy of nearly 5 years—ranging from recent lease-ups to one resident in place for over 15 years—reflects both steady occupancy and potential for future rent growth. The neighborhood’s mature tree canopy, mix of homeowners and renters, and proximity to major green spaces make it an attractive setting for tenants seeking affordable, quality housing. With strong tenancy, practical finishes, and proximity to daily amenities, this Forest Park multifamily investment property is well suited for investors seeking long-term returns in a stable rental corridor. Investment Summary: $785, 000 $98, 125 Per Unit $75 Per Sq. Ft. 6.1 Times Market Rents (GRM) 9.68% Cap Rate 11.5% Projected Cash-on-Cash Return
