2213 N Charles St
Baltimore, MD 21218
Multifamily Property For Sale
·
4 Units
Investment Highlights
- Old Goucher is Baltimore's "Latest Up-and-Coming Neighborhood" per the Baltimore Business Journal
- 3 Apartments + 1 Store
Property Facts
| No. Units | 4 | Building Size | 2,400 SF |
| Property Type | Multifamily | Average Occupancy | 75% |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Low-Rise | Year Built | 1900 |
| Building Class | C | Parking Ratio | 0.42/1,000 SF |
| Lot Size | 0.03 AC | ||
| Zoning | C1 - Community Commericial--Licensed for 2 Dwelling Units | ||
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.03 AC |
| Building Size | 2,400 SF |
| Average Occupancy | 75% |
| No. Stories | 4 |
| Year Built | 1900 |
| Parking Ratio | 0.42/1,000 SF |
| Zoning | C1 - Community Commericial--Licensed for 2 Dwelling Units |
Amenities
Unit Amenities
- Washer/Dryer
- Washer/Dryer Hookup
- Bay Window
- Carpet
About 2213 N CHARLES ST , BALTIMORE, MD 21218
Did you know that Old Goucher was named Baltimore’s “Latest Up-and-Coming Neighborhood” by the Baltimore Business Journal? Old Goucher saw an 81.6% population growth from 2000-2010, due to the addition of many small businesses and increased interest in the restaurants, bars, and artistic spaces the area offers. Nestled between the expanding neighborhoods of Charles Village, Remington, and Station North, Old Goucher is sure to be the next to take off! The store and the two of the three apartments are currently leased. Vacant apartment just needs your finishing touches to rent out! Each unit has its own electric meter; the apartments run on individual electric heat pumps and hot water heaters, while the store uses a Blueridge ductless mini-split. All visible plumbing is copper & C-PVC. 2nd floor has a washer/dryer; you can easily add laundry to other units as ductwork and plumbing are already roughed in. Located along the busy commercial district in Old Goucher, there is high demand for small retail space and affordable apartments. Tenants here can walk to accomplish most day-to-day errands; 2213 Charles has a WalkScore of 95, a TransitScore of 70, and a BikeScore of 90. Call today to schedule a tour! Investment Summary: $310,000 $77,500 Per Unit $147 Per Sq. Ft. 10.3 Times Actual Rent (GRM) 7.2 Times Market Rent (GRM) 9.20% Cap Rate 15.2% Projected Cash-on-Cash Return
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | $923.50 | - |
Property Taxes
| Parcel Number | 3819-008 | Improvements Assessment | $249,400 |
| Land Assessment | $90,000 | Total Assessment | $339,400 |
Property Taxes
