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38-40 E 25th St 7 Unit Apartment Building $950,000 ($135,714/Unit) 6.55% Cap Rate Baltimore, MD 21218
INVESTMENT HIGHLIGHTS
- 2 buildings on prime corner in Charles Village
- Highly visible corner on 2 busy thoroughfares
- 7 unit Mixed use Building
- Commercial space includes former liquor store, bar and large eat-in deli.
- Most apartments are 2 Bedrooms with 2 full bathrooms
EXECUTIVE SUMMARY
7- Self-contained units. Two large attached mixed-use buildings on a prime corner in Charles Village. Untapped further potential in commercial spaces. additional retail/office spaces can be added to the lower level
FINANCIAL SUMMARY (ACTUAL - 2023) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$90,120
|
$9.22
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$225
|
$0.02
|
| Effective Gross Income |
$89,895
|
$9.20
|
| Taxes |
$19,213
|
$1.97
|
| Operating Expenses |
$5,260
|
$0.54
|
| Total Expenses |
$24,473
|
$2.50
|
| Net Operating Income |
$65,422
|
$6.69
|
FINANCIAL SUMMARY (ACTUAL - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $90,120 |
| Annual Per SF | $9.22 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $225 |
| Annual Per SF | $0.02 |
| Effective Gross Income | |
|---|---|
| Annual | $89,895 |
| Annual Per SF | $9.20 |
| Taxes | |
|---|---|
| Annual | $19,213 |
| Annual Per SF | $1.97 |
| Operating Expenses | |
|---|---|
| Annual | $5,260 |
| Annual Per SF | $0.54 |
| Total Expenses | |
|---|---|
| Annual | $24,473 |
| Annual Per SF | $2.50 |
| Net Operating Income | |
|---|---|
| Annual | $65,422 |
| Annual Per SF | $6.69 |
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Bay Window
- Eat-in Kitchen
- Kitchen
- Hardwood Floors
- Breakfast Nook
- Double Pane Windows
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 7 | $1,050 | 1,200 |
1 1
Walk Score®
Walker's Paradise (97)
Transit Score®
Excellent Transit (80)
Bike Score®
Very Bikeable (85)
PROPERTY TAXES
| Parcel Number | 3831-034 | Total Assessment | $927,800 (2025) |
| Land Assessment | $177,100 (2025) | Annual Taxes | $19,213 ($1.97/SF) |
| Improvements Assessment | $750,700 (2025) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
3831-034
Land Assessment
$177,100 (2025)
Improvements Assessment
$750,700 (2025)
Total Assessment
$927,800 (2025)
Annual Taxes
$19,213 ($1.97/SF)
Tax Year
2023
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38-40 E 25th St
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