Highlights: 600′ From University of Maryland BioTech Park, Employing Over 1,000 Highly Educated Professionals Seeking Housing Nearby Their Place of Employment. 3 Blocks Away From University of Maryland, Whose Student Body of 6,300+ Graduate Students Creates High Demand for Housing. Opportunity to Increase Rents Through Apartment Upgrades. Hollins Market Neighborhood is Considered One of the “Most Convenient Neighborhoods in Baltimore City” By LiveBaltimore.com, with Easy Commuting for Both Landlords and Tenants. Two townhouses combine to provide stable cash flow from 8 apartments. These buildings are fully leased, with some generational tenants paying below market rent, leaving room to improve annual returns. Studio apartments have durable laminate flooring throughout large living/sleeping areas. Kitchenettes feature wood cabinets, easy-to-maintain laminate counters, and a mix of 20″ electric or gas ranges. Bathrooms boast modern vanities with steel tubs or showers. Two studios have new modern, LVP flooring. The one-bedroom apartment has wall-to-wall carpeting and a similar kitchen and bath.
The first-floor apartments are larger with new hardwood flooring. 869 Hollins encompasses the entire first floor, with 2 bedrooms and 2 bathrooms. 871 Hollins comprises two stories with 3 bedrooms and 2 bathrooms. Kitchens have wood cabinets, laminate counters, and 30″ gas ranges. Tenants in seven apartments can use the free, shared laundry in the basement of 871. The first-floor apartment in 871 Hollins has an in-unit, stacked washer and dryer.
Two separate, legal lots, zoned for eight dwelling units. This Hollins Market 8-unit has some recent updates, including 3 central gas-fired water heaters. Tandem 40-gallon and 50-gallon units, replaced in 2018 and 2023, respectively, serve 869 Hollins. A 30-gallon water heater installed in 2021 serves 871 Hollins. 869 Hollins is heated by a central Columbia gas-fired boiler with radiator heat. The first-floor apartment of 871 Hollins has a Gibson gas-fired boiler with central air conditioning. Second and third-floor apartments in 871 have electric baseboard heat. Seven units provide their own window air conditioners. The landlord pays for all water and sewer charges, in addition to public service electric and heating fuel, as well as the utilities for 5 apartments. Separating utilities or establishing a utility bill-back system would further enhance cash flow. Tenants in this Hollins Market investment property enjoy living in “one of the most convenient areas of the City,” according to LiveBaltimore.com. Martin Luther King Jr Boulevard provides access to most major connections for traveling in and around the Baltimore metro area. BWI Airport and Penn Station can both be accessed within a 20 minute drive. The B&O Railroad Museum, a popular tourist destination and event venue, is 3 blocks southwest.
The area’s close proximity to the BioPark and University of Maryland Graduate Schools ensures consistently high rental demand due to the ongoing expansion of educational facilities.
