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Description

Mixed-Use with ground-level commercial store and 3 one-bedroom apartments featuring updated kitchens and baths, and a washer-dryer in each apartment.  Separate heat pump with central air conditioning and separate water heater for each apartment make these units self-contained.  Updated electric service and newer water pipes gives this building a good mechanical structure.   Some of the finishes are older, so modest upgrades will bring higher rents.

Located 8 blocks below Johns Hopkins Homewood Campus and 3 blocks north of Station North Arts District, this area is on the up-swing with strong prospects for future growth.

Charles Street is like “Main Street” in Baltimore, so a Charles Street address is desirable for commercial tenants.  The area is served by main bus routes.  With a 95 Walking Score and an 89 Biking Score, this location is super-accessible and convenient.

INVESTMENT SUMMARY:
$300,000  offering
$75,000  per unit
$142 per sq.ft.
7.5 times gross annual rent (GRM)
8.3% Cap Rate
10% cash-on-cash return-on-investment

Property Documents

  • Address: 2213 N Charles St
  • Zip/Postal Code: 21218
  • Country: United States

Detail

Updated on December 20, 2018 at 10:11 pm

  • Price: $300,000
  • Bathrooms: 4
  • Garage: 1
  • Property Type: Apartment Building - Mixed Use - Townhouse
  • Property Status: For Sale

Contact info

Ben Frederick, III, CCIM
Ben Frederick, III, CCIM
410-752-6400

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