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18 W Franklin St 9,762 SF Office Building Baltimore, MD 21201 $1,100,000 ($112.68/SF) 7.10% Cap Rate
Executive Summary
Exceptional investment opportunity in the heart of Mount Vernon! This fully occupied six-unit mixed-use building generates over $119,000 in annual income and features great long-term tenants who wish to stay. Ideally located in one of Baltimore’s most historic and vibrant neighborhoods, the property combines 5 residential apartments and 1 commercial space, offering strong cash flow and stability. The building has been thoughfully updated adding modern finishes while keeping it's historic integrity. 18 W Franklin St. features 3 residential units and 1 commercial unit. Fully leased, with great tenants. 7 W Hamilton features an amazing 3 bedroom loft apartment with garage and a very cute 1 bed courtyard apartment, both leased to amazing tenants. Additional highlights include a beautiful courtyard, classic Mount Vernon charm, and close proximity to restaurants, shops, and public transportation. Roof and gutters were replaced in 2016. A perfect turnkey investment in a premier city location!
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Office/Residential
Building Size
9,762 SF
Building Class
C
Year Built/Renovated
1820/2016
Price
$1,100,000
Price Per SF
$112.68
Cap Rate
7.10%
NOI
$78,100
Tenancy
Single
Building Height
4 Stories
Typical Floor Size
811 SF
Slab To Slab
10’
Building FAR
2.40
Lot Size
0.09 AC
Zoning
C-5HT
Parking
5 Spaces (0.51 Spaces per 1,000 SF Leased)
1 1
Walk Score®
Walker's Paradise (99)
Transit Score®
Rider's Paradise (100)
Property Taxes
| Parcel Number | 0551-003 | Improvements Assessment | $451,200 |
| Land Assessment | $150,000 | Total Assessment | $601,200 |
Property Taxes
Parcel Number
0551-003
Land Assessment
$150,000
Improvements Assessment
$451,200
Total Assessment
$601,200
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18 W Franklin St
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