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PRICE $580,000 SIZE 10,800 sqft LOT SIZE 27,008 sqft Request More Info Schedule a Showing

● Strong Investment Fundamentals: After renovation, projected to deliver a 10.57% cap rate, 15.3% cash-on-cash return, and 5.3 GRM. ● Phased Renovation Opportunity: Three units gutted and ready for fit-out, four mid-level units needing cosmetic rehab, and four near rent-ready apartments support a manageable, staged value-add strategy. ● Strong Physical Plant: Upgraded plumbing, heavy-duty electric, and mini-split HVAC lay the groundwork"”streamlining renovations and minimizing overhaul costs. ● Path to Lead-Free Compliance: Previous Limited Lead-Free certs on file; strong candidate for LLF recertification - reducing turnover costs and risk. Park Heights Apartment Interiors: The property offers a clear path to value through renovation, with varying levels of work needed across the three floors. The lower level has been gutted to the studs and is ready for fit-out, including three future apartments and a utility room with washers and dryers for tenant use. The first floor includes four apartments in need of moderate rehab"”flooring refinishing or replacement (especially the carpet), appliance updates, and kitchen cabinet repairs or replacement. Kitchens on this level feature ceramic tile, living areas have hardwood or laminate flooring, and bedrooms are carpeted. The second-floor units have already been flipped and remain in good condition, needing only heavy cleaning and light touch-ups. Most second-floor windows are intact and operable, while ground-level and first-floor windows require some replacement. Across all floors, walls and ceilings are drywall, and the windows are vinyl replacements. Previous (now expired) Limited Lead-Free certificates are on file. With ongoing renovations, the building is a strong candidate for recertification"”reducing turnover costs and simplifying compliance for ownership. Utilities: Interior plumbing has been upgraded with CPVC supply lines and PVC drain lines. The building is served by 800 amps of electrical service, with separate 100-amp panels in each of the 11 apartments. Eleven electric meters and 11 gas meters are in place. One apartment is currently tied to the Public Service panel, though an existing knockout provides the opportunity to restore a dedicated Public Service meter if desired. Each apartment was previously fit out with ductless mini-split systems for heating and cooling; 12 exterior condensers are on site, though their current operability has not been verified. Hot water is supplied by a single 80-gallon gas-fired heater, with a rated recovery capacity of 193 gallons per hour. What's Special About Park Heights: 3016-3018 Dupont offers a rare opportunity for hands-on investors seeking to add value while contributing to Baltimore City's stock of affordable housing. Set in the Cylburn neighborhood, just west of Park Heights Avenue, the property sits near a variety of shopping options along this main corridor. The West Cold Spring Metro Station is about a mile away, offering direct rail access to downtown Baltimore and beyond. The long-anticipated $400 million redevelopment of Pimlico Race Course is set to begin this year, bringing renewed investment and the potential to boost economic activity throughout the surrounding area. With solid infrastructure, a manageable renovation scope, and proximity to a major redevelopment zone, 3016-3018 Dupont is an ideal opportunity for investors ready to roll up their sleeves. Get in now"”before everyone wants in.