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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
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

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

ZONING

Zoning Code C1 (Community Commericial--Licensed for 2 Dwelling Units)
  • Listing ID: 18557252

  • Date on Market: 2/18/2020

  • Last Updated:

  • Address: 2213 N Charles St, Baltimore, MD 21218