● Turn-Key 2-Unit Property: Two spacious two-bedroom apartments with low-maintenance finishes.
● Strong Location: Steps from Towanda Rec Center, Druid Hill Park, and less than a 7-minute walk to the West Cold Spring Light Rail.
● Proven Cash Flow: Projected 10.2% cash-on-cash return with a 9.04% cap rate.
East Arlington Multi-Family Interiors:
This two-unit, end-of-group row home offers spacious two-bedroom apartments with practical layouts and recent updates. Kitchens include laminate countertops, wood cabinets, and 30” gas ranges. Bathrooms feature modern vanities and cast-iron tubs with either ceramic tile or vinyl enclosures. Plaster walls and ceilings maintain the building’s original feel, while newly laid luxury vinyl tile in the living areas and kitchens provides a clean, low-maintenance finish. Ceramic tile flooring in the bathrooms offers durability and easy upkeep. A covered front porch—rare for this tree-lined street—gives tenants a private outdoor space to enjoy, while the large backyard provides additional room for recreation.
Utility Breakdown:
Each apartment is separately metered for gas and electric, giving tenants control over their own utilities. Heating is provided by individual Slant Fin gas-fired furnaces, while hot water comes from two 50-gallon electric water heaters. Observable plumbing consists of copper supply lines and PVC drain lines. Free laundry is available in the basement, adding convenience for tenants.
What is Special About 4002 Edgewood:
This East Arlington multi-family is conveniently located between the Towanda Recreation Facility and Druid Hill Park, offering residents access to both modern amenities and abundant green space. The Towanda Rec Center is Baltimore City Recreation & Parks’ newest STEM and fitness facility serving the Park Heights community, featuring a state-of-the-art fitness center, equipment room, and STEM classrooms. Just minutes away, Druid Hill Park provides 745 acres of outdoor space with amenities like disc golf, a pool, playgrounds, and a variety of athletic fields and courts.
Public transportation is easily accessible, with the West Cold Spring Light Rail Station less than a seven-minute walk away. The neighborhood also benefits from north- and south-running thoroughfares lined with grocery stores, restaurants, and shopping options, making daily errands and commuting a breeze.
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