3901 Groveland Ave, Baltimore, MD 21215

Property Description

Welcome to 3901 Groveland Ave — one of Baltimore's most compelling multifamily investment opportunities of the year. This solid brick 10-unit apartment building in the sought-after West Arlington neighborhood is already cash-flowing at 90% occupancy, bringing in $8,355/month with a 4.95% cap rate on day one. But the real story is the upside. With in-place rents averaging just $928/unit against a market rate of $1,478/month, you're sitting on $66,000+ in untapped annual income — just waiting to be unlocked. Most leases are at-will, meaning you can start moving rents to market immediately. Renovate and stabilize all 10 units, and your pro forma NOI jumps to $97,000–$137,000+. Then convert the 11th unit on the lower level, and you've created even more value from day one. Every unit is a generous 2BR/1BA with a living room, dining room, kitchen, and hardwood-style floors. On-site laundry, off-street parking, and professional management are already in place. This is the turnkey value-add deal you've been waiting for. Serious inquiries only. Call today to schedule your private tour.