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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

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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

38-40 P&L

Offerin memorandum 38-40 E 25th

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

Price	$950,000	Apartment Style	Low Rise
Price Per Unit	$135,714	Building Class	C
Sale Type	Investment	Lot Size	0.07 AC
Cap Rate	6.55%	Building Size	9,775 SF
No. Units	7	Average Occupancy	90%
Property Type	Multifamily	No. Stories	3
Property Subtype	Apartment General Retail Storefront Retail/Residential	Year Built/Renovated	1900/2008

Price	$950,000
Price Per Unit	$135,714
Sale Type	Investment
Cap Rate	6.55%
No. Units	7
Property Type	Multifamily
Property Subtype	Apartment General Retail Storefront Retail/Residential
Apartment Style	Low Rise
Building Class	C
Lot Size	0.07 AC
Building Size	9,775 SF
Average Occupancy	90%
No. Stories	3
Year Built/Renovated	1900/2008

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

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Walk Score ®

Walker's Paradise (96)

Transit Score ®

Excellent Transit (80)

Bike Score ®

Very Bikeable (85)

What is a Walk Score®, Transit Score® & Bike Score®?

Walk Score® measures the walkability of any address.

Transit Score® measures access to public transit.

Bike Score® measures bikeability of a location.

What is a Walk Score®

, Transit Score® & Bike Score?

Walk Score® measures the walkability

of any address. Transit Score®

measures access to public transit. Bike Score®

measures bikeability of a location.®

Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number	12-03-3831-034	Total Assessment	$852,000
Land Assessment	$0	Annual Taxes	$19,213 ($1.97/SF)
Improvements Assessment	$0	Tax Year	2023

PROPERTY TAXES

Parcel Number

12-03-3831-034

Land Assessment

Improvements Assessment

Total Assessment

$852,000

Annual Taxes

$19,213 ($1.97/SF)

Tax Year

2023

zoning

Zoning Code	B-2-3, Baltimore (commercial/ residential)
B-2-3, Baltimore (commercial/ residential)

Listing ID: 21578640
Date on Market: 11/5/2018
Last Updated:
Address: 38-40 E 25th St, Baltimore, MD 21218

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VIDEOS

3D TOUR

PHOTOS

STREET VIEW STREET

MAP

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38-40 E 25th St, Baltimore, MD for sale Building Photo- Image 1 of 13 — Exterior Facing N

38-40 E 25th St, Baltimore, MD for sale Building Photo- Image 2 of 13 — liquor store ext

38-40 E 25th St, Baltimore, MD for sale Building Photo- Image 3 of 13 — Liquor store ext2

38-40 E 25th St, Baltimore, MD for sale Interior Photo- Image 4 of 13 — 1st fl office collage

38-40 E 25th St, Baltimore, MD for sale Building Photo- Image 5 of 13 — REST STORE FRONT

38-40 E 25th St, Baltimore, MD for sale Interior Photo- Image 6 of 13 — Apt 3 Master BR

38-40 E 25th St, Baltimore, MD for sale Interior Photo- Image 7 of 13 — Apt 4 Master BR

38-40 E 25th St, Baltimore, MD for sale Interior Photo- Image 8 of 13 — apt 4 LR

38-40 E 25th St, Baltimore, MD for sale Interior Photo- Image 9 of 13 — apt 4 kitchen

38-40 E 25th St, Baltimore, MD for sale Interior Photo- Image 10 of 13 — apt 3 LR

38-40 E 25th St, Baltimore, MD for sale Plat Map- Image 12 of 13 — Plat Map

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