1407 McCulloh Street apartments offer simple, easy-to clean finishes with conveniences that appeal to modern-day tenants. Kitchens have a mix of butcher block and laminate countertops, wood cabinets, and stainless steel sinks. Bathrooms have a mix of modern vanities and pedestal sinks, with a mix of ceramic and vinyl tile floors. Most living areas have hardwood floors, with some laminate plank flooring. Front-facing windows are wood single pane; there are vinyl replacement windows in the rear. Every unit has in-suite laundry, helping to boost monthly rent potential as well as rentability to the modern city resident. Utilities: There are five electric meters with 200 amp total service. There are four gas meters with one extra hook-up. Three apartments have gas-fired forced-air furnaces; one apartment has a mini-split system; and one apartment has electric baseboard heat. The first floor apartment shares a hot water heater; the upper floor apartments each have their own separate water heaters. Observable water supply lines are a mix of copper, c-pvc, and steel; observable drain lines are pvc. The landlord currently pays for public service electric and the water/sewer bill. Two tenants are billed back for water at $35/month each; billbacks for the remaining three units would increase cash flow. What’s Special About Madison Park: Neighboring the prestigious Bolton Hill, Madison Park is a renter-heavy neighborhood where tenants enjoy close proximity to Penn Station and Downtown Baltimore. Nearby is the Reservoir Square development, which will provide grocery and retail outlets; and Druid Hill Park, home of the Baltimore Zoo. 1407 McCulloh Street has a WalkScore of 87, a BikeScore of 72, and a TransitScore of 92. Investment Summary: $475,000 $95,000 Per Unit $144 Per Sq. Ft. 8.3 Times Gross Rents (Actual) 6.5 Times Gross Rents (Market) 9.74% Cap Rate 12.2% Projected Cash-on-Cash Return