1427 Poplar Grove St - 1427 Poplar Grove St, Baltimore , MD 21216

Unique Opportunity to Acquire a Gut Renovated, 100% Voucher-Based Tenant SFR Portfolio . - Portfolio features 8 single-family homes with a mix of 2, 3, and 4 bedrooms. - All voucher-based tenants, providing certainty of rental income. - Prior ownership completed a gut renovation of all the properties between 2010 and 2013 which included interior renovations, new plumbing, and updated electric. - Typical unit features consist of white appliances, wood cabinets, hard surface countertops, carpet/tile/hardwood flooring, and some in-unit washer/dryers. Ability to Create Value Via Renovation Program . - Focus on organically increasing rents. - Current ownership has recently updated 1 property (1427 Poplar Grove) with updated appliances, plank flooring, fresh paint throughout, and new hardware/fixtures; has achieved a rent $200 higher than prior tenant. - Properties of similar vintage that have undergone renovations are achieving rents at least $300 higher on average than the Subject portfolio. - Ability to perform a higher-end renovation on all of the properties to achieve additional premiums, with a suggested scope of stainless steel appliances, granite countertops, and updated bathrooms. Well-Situated in North Baltimore City and South Baltimore County . - Easy access to major highways and located near numerous public transportation stops . - Major area employers nearby: Johns Hopkins Hospital (Main Campus and Bayview Campus), University of Maryland Medical Center (UMMC) Midtown Campus. - Major area colleges nearby: Morgan State University, Loyola University of Maryland, Maryland Institute College of Art (MICA)