3 units in shared housing adjacent to Johns Hopkins Medical and Bloomberg School of Public Health; 5 minute walk to either; Exclusively accommodates rotating medical students, researchers, and foreign exchange program participants. ZERO rent defaults over 12 years of operation. Have accommodated guests from over 30 countries.
For investor, guaranteed upside with minor capitol improvements and cosmetic upgrades. Cap rate of 8.7% operating 2 of 3 units during full year 2024.
For first time home buyer, down payment assistance may be available with ZERO DOWN PAYMENT. Excellent opportunity to owner occupy and live free with income from one or two renters for one year, then revert back to fully rented shared housing investment with cash flow for a lifetime.