885 West Lombard Street is a four-unit Hollins Market apartment building offered at $425,000. Three occupied apartments currently generate $2,820 per month, with one apartment available for immediate lease-up. At full occupancy and market rents, the property is projected to generate approximately $4,916 per month. The 3,705-square-foot building includes functional apartments with wood kitchen cabinetry, laminate countertops, stainless-steel sinks, modern bathroom vanities, and durable laminate or ceramic flooring. Three apartments have individual gas-fired furnaces, while the fourth has an electric wall unit providing heat and air conditioning. The property is served by five electric meters and three gas meters. Located just two blocks from the University of Maryland graduate and professional schools, the property is also close to UMMC, the University of Maryland BioPark, downtown Baltimore, and Martin Luther King Jr. Boulevard. The combination of immediate lease-up potential, below-market occupied rents, a two-car garage, and proximity to major educational and medical employers creates several clear opportunities to increase income. Investment Summary $425,000 $106,250 Per Unit $115 Per Sq. Ft. 12.6 Times Actual Rents 7.2 Times Market Rents 9.27% Projected Cap Rate 11.9% Projected Cash-on-Cash Return