hopkins east single-family portfolio ari azarbarzin senior director +1 410 347 7530...
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Baltimore, MD | Charles Village Neighborhood Concentration | 289 Beautifully Renovated Single-Family Rentals
HOPKINS EAST SINGLE-FAMILY PORTFOLIO
1TURN-KEY RENOVATED SFR PORTFOLIO The Hopkins-East Single-Family Portfolio leads the market with extensive improvements such as in-home washer/dryers, central air conditioning, stainless steel appliances, built-in microwaves, vinyl-wood plank flooring, and modern bathrooms. Future ownership can drive rents closer to the top of the market, while preserving affordability. The portfolio is offers an unapparelled living experience and in-home amenities within the work-force housing rental market.
2STABLE RENTAL MARKET WITH STRONG PERFORMANCE Anchored by John Hopkins University and Johns Hopkins Hospital, the 21218-zip code boasts some of the highest two- and three-bedroom rental rates city wide, with current three-bedroom rates eclipsing $3,132. Nearly 80% of the residents are receiving housing subsidies, driving consistent rental increases and reliable cash flow/rent payment.
3HIGHLY DESIRABLE ASSET CLASS Popular amongst both retail and institutional investors, single-family rentals offer fundamentally sound metrics such as a 99% occupancy rate nationally, 8.3% annualized vacant-to-occupied (V2O) rent growth, and an impressive 4.1% rent growth for residential renewals. 52% of Single-Family Renters are families, compared 30% of multifamily renters, reducing turnover and offering stable rent collections.
4GOVERNMENT AND UNIVERSITY EMPLOYMENT CENTERSUnrivaled convenience to Baltimore’s “Meds and Eds” Employers. Residents are a short distance to Johns Hopkins University (15,000 employees), University of Maryland Medical System (15,000 employees Johns Hopkins University School of Medicine (9,781 employees,) and Baltimore City (12,000 employees).
5ACCESS TO MAJOR EAST COAST EMPLOYMENT HUBS The homes are located within a short distance of Baltimore Penn Station, set to undergo a $90 Million Renovation, providing residents regional connectivity and a 70-minute commute door-to-door to Downtown Washington D.C.’s Union Station, as well as access to Acela Amtrak Markets such as Philadelphia, New York, and Richmond.
OFFERING HIGHLIGHTS
The Cushman Wakefield Mid-Atlantic Private Client Group is pleased to present the exclusive listing of The Hopkins East Single-Family Rental Portfolio located in Baltimore, MD. The Portfolio is comprised of single-family rental units, with a significant concentration near John Hopkins University and Johns Hopkins Hospital. The homes have been tastefully renovated to a superior level with respect to nearby comparables.
CONTACT US
ARI AZARBARZINSENIOR DIRECTOR+1 410 347 [email protected]
BALTIMORE PROFESSIONAL SALES TEAM
DAWES MILCHLINGFINANCIAL ANALYST+1 410 347 [email protected]
GRAHAM SAVAGESENIOR DIRECTOR+1 410 347 [email protected]
ONE EAST PRATT ST, SUITE 700BALTIMORE, MD 21202PHONE: +1 410 752 4285www.cushmanwakefield.com
JONATHAN CARPENTEREXECUTIVE MANAGING DIRECTOR+1 410 347 [email protected]