Student Housing
Johns Hopkins Grad & Music Student Housing Portfolio
5 E Franklin St, Baltimore, MD 21202
Listing Price: $2,000,000
Investment Overview
The opportunity to acquire 300 S. Ann Street and 5 E. Franklin Street presents investors with two recently renovated Baltimore properties available individually or as a combined portfolio. Both properties have maintained 100% occupancy over the past several years. Together, the assets are offered at $2,000,000 and are projected to generate approximately $140,096 of Year 1 Net Operating Income, representing a 7.00% capitalization rate. Together, both properties benefit from diversified income streams, extensive recent capital improvements, and highly desirable locations that are well-positioned to benefit from continued investment, population growth, and educational demand throughout Baltimore City. The portfolio offers a compelling combination of immediate cash flow, contractual rent growth, and long-term appreciation potential, providing investors with an attractive balance of stability and upside.
300 S. Ann Street is projected to generate approximately $65,604 of Year 1 NOI and benefits from a long-term retail tenancy extending through December 2032 with scheduled annual rent increases and real estate tax reimbursement. The property has undergone substantial capital improvements including a new roof, new kitchen, new electric service, new gas service, restored floors, new lighting, new bathrooms, and new fixtures, substantially reducing anticipated near-term capital expenditure requirements for future ownership. The residential component has historically attracted graduate students, young professionals, and music students seeking private accommodations within Baltimore's vibrant urban environment, while the retail tenancy provides an additional layer of stable income supported by annual contractual rent growth.
5 E. Franklin Street is projected to generate approximately $74,492 of Year 1 NOI and has similarly benefited from extensive upgrades including a new roof, new HVAC system, new kitchens, new bathrooms, new flooring, new lighting, new fixtures, facade repairs, patch-and-paint work, and replacement of select windows. The property's room-by-room leasing structure creates numerous opportunities for future revenue growth through tenant turnover and market rent adjustments. Historically, the portfolio's tenant base has included students attending the Peabody Institute of Johns Hopkins University, graduate students enrolled at the Bloomberg School of Public Health, and other students pursuing advanced educational programs in Baltimore. As one of the nation's leading centers for graduate education, medical research, public health, and performing arts instruction, Baltimore continues to attract a steady stream of students and professionals seeking private housing alternatives. Coupled with the portfolio's below-replacement-cost basis, contractual rent growth, recent capital improvements, and projected 10-year cash flow growth, investors have a unique opportunity to benefit from both durable in-place income and the potential for meaningful value creation over the next decade and beyond.
Johns Hopkins Grad & Music Student Housing Portfolio
Investment Highlights
- Recently Renovated Portfolio featuring significant capital improvements across both assets, including new roofs, renovated kitchens and bathrooms, upgraded electrical and HVAC/mechanical systems, etc.
- Stable Student Housing Demand Drivers supported by proximity to the Peabody Institute of Johns Hopkins University, the Bloomberg School of Public Health, and other Baltimore-area graduate programs.
- Contractual Rent Growth Already In Place through the Brunch Supply lease extension, which includes 4% annual rent increases through December 2032 and additional real estate tax reimbursement.
- Projected 10-Year Income Growth supported by contractual rent escalations, annual student rental increases, utility reimbursement growth, and continued demand for private student housing accommodations throughout Baltimore's educational and medical corridors.
- Acquire Individually or as a Portfolio allowing investors to purchase either asset independently or capitalize on the operational efficiencies, management synergies, and increased scale offered by the combined portfolio.
- Graduate and professional students at the Bloomberg School of Public Health and Peabody Institute often receive stipends, fellowships, assistantships, research funding, student loans, or employer reimbursements that support their living expenses.
- The properties offer housing within reach of major Johns Hopkins campuses and are positioned to serve graduate, professional, and music students seeking off campus housing.
Student Housing
Johns Hopkins Grad & Music Student Housing Portfolio
Listing Price: $2,000,000
Investment Highlights
- Recently Renovated Portfolio featuring significant capital improvements across both assets, including new roofs, renovated kitchens and bathrooms, upgraded electrical and HVAC/mechanical systems, etc.
- Stable Student Housing Demand Drivers supported by proximity to the Peabody Institute of Johns Hopkins University, the Bloomberg School of Public Health, and other Baltimore-area graduate programs.
- Contractual Rent Growth Already In Place through the Brunch Supply lease extension, which includes 4% annual rent increases through December 2032 and additional real estate tax reimbursement.
- Projected 10-Year Income Growth supported by contractual rent escalations, annual student rental increases, utility reimbursement growth, and continued demand for private student housing accommodations throughout Baltimore's educational and medical corridors.
- Acquire Individually or as a Portfolio allowing investors to purchase either asset independently or capitalize on the operational efficiencies, management synergies, and increased scale offered by the combined portfolio.
- Graduate and professional students at the Bloomberg School of Public Health and Peabody Institute often receive stipends, fellowships, assistantships, research funding, student loans, or employer reimbursements that support their living expenses.
- The properties offer housing within reach of major Johns Hopkins campuses and are positioned to serve graduate, professional, and music students seeking off campus housing.
Investment Overview
The opportunity to acquire 300 S. Ann Street and 5 E. Franklin Street presents investors with two recently renovated Baltimore properties available individually or as a combined portfolio. Both properties have maintained 100% occupancy over the past several years. Together, the assets are offered at $2,000,000 and are projected to generate approximately $140,096 of Year 1 Net Operating Income, representing a 7.00% capitalization rate. Together, both properties benefit from diversified income streams, extensive recent capital improvements, and highly desirable locations that are well-positioned to benefit from continued investment, population growth, and educational demand throughout Baltimore City. The portfolio offers a compelling combination of immediate cash flow, contractual rent growth, and long-term appreciation potential, providing investors with an attractive balance of stability and upside. 300 S. Ann Street is projected to generate approximately $65,604 of Year 1 NOI and benefits from a long-term retail tenancy extending through December 2032 with scheduled annual rent increases and real estate tax reimbursement. The property has undergone substantial capital improvements including a new roof, new kitchen, new electric service, new gas service, restored floors, new lighting, new bathrooms, and new fixtures, substantially reducing anticipated near-term capital expenditure requirements for future ownership. The residential component has historically attracted graduate students, young professionals, and music students seeking private accommodations within Baltimore's vibrant urban environment, while the retail tenancy provides an additional layer of stable income supported by annual contractual rent growth. 5 E. Franklin Street is projected to generate approximately $74,492 of Year 1 NOI and has similarly benefited from extensive upgrades including a new roof, new HVAC system, new kitchens, new bathrooms, new flooring, new lighting, new fixtures, facade repairs, patch-and-paint work, and replacement of select windows. The property's room-by-room leasing structure creates numerous opportunities for future revenue growth through tenant turnover and market rent adjustments. Historically, the portfolio's tenant base has included students attending the Peabody Institute of Johns Hopkins University, graduate students enrolled at the Bloomberg School of Public Health, and other students pursuing advanced educational programs in Baltimore. As one of the nation's leading centers for graduate education, medical research, public health, and performing arts instruction, Baltimore continues to attract a steady stream of students and professionals seeking private housing alternatives. Coupled with the portfolio's below-replacement-cost basis, contractual rent growth, recent capital improvements, and projected 10-year cash flow growth, investors have a unique opportunity to benefit from both durable in-place income and the potential for meaningful value creation over the next decade and beyond.
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