Lofty 2221 E Chase St

Mid-term Vacation Rental near Johns Hopkins Hospital in Baltimore, MD.

Offering Details

Mark Reed is transferring his property's deed to a new LLC and selling a portion of the LLC on the Lofty Marketplace. This property is the only asset owned by the LLC.
Tokens represent direct ownership in the LLC that owns the property. Mark will maintain at least 10% ownership in the LLC indefinitely.
View proof of Mark's ownership prior to the title transfer here. View the LLC documents here

Prime Location: Situated just a 5-minute walk from Johns Hopkins Hospital, this property offers unparalleled convenience for traveling medical professionals and proximity to Baltimore's attractions.
Modern Amenities: Fully renovated townhome featuring high ceilings, a spacious layout, central heating and cooling, high-speed Wi-Fi, and a fully equipped kitchen.
Versatile and Spacious: With three bedrooms and three bathrooms, this home caters to families, professionals, or groups, offering flexibility and comfort.
Outdoor and Parking Features: Enjoy a rear covered patio for relaxation and a dedicated parking pad for hassle-free convenience.
Enhanced Security and Extras: Equipped with a Ring Alarm system, security doors, and Ring doorbell, along with provided toiletries, cleaning supplies, and pet-friendly accommodations.

Airbnb

Mark Reed has been investing in real estate since 1998, having purchased, renovated and managed his first property in Los Angeles.
He built his portfolio to 11 units in Los Angeles before moving to Washington, DC in 2005. Mark then purchased, renovated and managed a 2-unit rowhome in Northeast DC.
In 2017, Mark began investing in Baltimore. His first purchases were 4 rowhomes on the 2200 Block of Henneman Street in East Baltimore. Mark currently owns and manages 30 rental units in Baltimore City. In 2019, he began developing blighted, vacant rowhomes in Baltimore City commonly referred to as “shells.”
Mark’s most recent project is located on the 2100 Block of East Chase Street in the Collington Square neighborhood. This project involved the complete renovation and restoration of 13 rowhomes, many of which had been vacant and blighted for over 25 years. In December of 2021, Mark completed the renovation of 2100 E. Chase Street.
The total investment in these 13 properties was $1.9M. There are several other projects in the pipeline including his current project on 2200 of E. Chase Street where he is renovating and restoring 15 row homes. 7 of these homes have been completed and the remaining 8 will be completed in 2025. Mark also completed 3 rowhomes on the 2200 block of E. Biddle for a private company in 2024.

Managed by the co-owner, Mark Reed. Mark is a Superhost on Airbnb with 168 reviews and a 4.89 reviews. View Superhost profile.
Property Management Agreement
Insurance Policy

Airbnb

This property has a loan balance of $198,650 View the loan documents here
As the seller, Mark Reed pays down 100% of the loan payments, his equity percentage in the property will increase and the levered rental yield of investors will decrease over time. Investors have the ability to change this structure via a governance vote.