2636 – 2638 North Charles Street: Two Single Family Rental Homes

What Makes These Rental Homes Special:

Located just three blocks from Johns Hopkins University Homewood Campus, these large 6-bedroom rental homes (totaling 12 bedrooms) cater to multiple money-making strategies. Place tenants and hold them as-is for a steady income stream; or rehab and tap into the hot Charles Village residential housing market.

Rental Home Details:

With 2,640 above-grade square feet each, these buildings offer large first-floor living spaces on the first floor, and plus-sized bedrooms on the second and third floors. Vinyl replacement windows offer lots of natural sunlight to compliment hardwood floors. Each building is equipped with a gas furnace and central air conditioning, with exposed ductwork.

2636 Charles has a full kitchen with laminate countertops, wood cabinets, 30″ gas range, built-in microwave, and dishwasher. Laundry is conveniently located in the kitchen nook. This building has two full bathrooms, with modern vanities, steel tubs with vinyl surrounds, and vinyl plank floors.

2638 Charles has a spacious open concept for its first floor living and dining room. Its kitchen has laminate countertops and cabinets, a 30″ electric range, and laminate floors. A first-floor powder room offers convenience to residents and guests. Two full bathrooms on the upper floors have modern vanities, steel tubs with vinyl enclosures, and laminate floors. Laundry facilities are located in the basement.

Utility Breakdown:

These buildings each have one gas meter, and one electric meter with 150 amp service each. Observable water supply lines are copper and c-pvc; drain lines are pvc. Each building has a flat rubber roof with aluminum fibre coating. The buildings share a rear steel fire escape. Each building has a gas furnace and central air conditioning, and an electric water heater.

What’s Great About Charles Village:

Tenants can walk to the Charles Village Shopping District, Johns Hopkins University Homewood Campus and Wyman Park. Just one block east is the Hopkins Shuttle Stop, providing an easy commute to Hopkins’ other Baltimore campuses. 2636-2638 Charles Street earn the designation “Walker’s Paradise” with a WalkScore of 93, a TransitScore of 76, and a BikeScore of 87. This block is served by the Charles Village Benefits District. This nonprofit organization helps keep the district clean, organizes security patrols, and hosts community events.

Next Steps:

Call Tom Fair at 410.235.9500 to schedule a tour or to discuss your investment goals today.

Investment Summary:

$665,000
$332,500 Per Unit
$126 Per Sq. Ft.