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3111 N Charles St
Baltimore, MD 21218
The Allson · Multifamily Property For Sale
·
22 Units
PROPERTY FACTS
| No. Units | 22 | Building Size | 18,488 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1900/2012 |
| Building Class | C | Parking Ratio | 0.27/1,000 SF |
| Lot Size | 0.26 AC | ||
| Zoning | R100 | ||
| No. Units | 22 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 18,488 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1900/2012 |
| Parking Ratio | 0.27/1,000 SF |
| Zoning | R100 |
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
- High Speed Internet Access
- Family Room
- Smoke Free
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Multi Use Room
- Online Services
- Walk-Up
ABOUT 3111 N CHARLES ST , BALTIMORE, MD 21218
The Allston at 3111 North Charles St. represents an opportunity to acquire a fully occupied, 48 bed (22 units) student housing asset in an irreplaceable location. The property is situated directly across the street from Johns Hopkins University in Historic Charles Village. Unit mix of (2) Studios, (4) 1 Br-1 Ba, (6) 2 Br-1 Ba, (9) 3 Br-1 Ba unit and (1) 4 Br-2 Ba, totaling 48 beds. Recent improvements include installation of efficient boiler heating system, new vinyl windows throughout, new interior doors and trim, updated electric in 14 of 22 units, new buzzer/intercom system, flat portion of roof replaced, addition of laundry room, and complete lead paint remediation. More recent updates include new lighting and drywall in common areas and recently replaced central hot water heater. Certified lead free. Average rent of $1416 per unit and $649 per bed. Value add opportunities exist via renovation of kitchen, baths and common areas which should improve rents 15-20%. Additionally, the 5 spaces found at the side of the building can be rented.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 2 | - | - |
| 1+1 | 4 | - | - |
| 2+1 | 6 | - | - |
| 3+1 | 9 | - | - |
| 4+2 | 1 | - | - |
PROPERTY TAXES
| Parcel Number | 3862-003 | Improvements Assessment | $3,443,300 |
| Land Assessment | $285,400 | Total Assessment | $3,728,700 |
PROPERTY TAXES
