113 West 22nd St: 3 Apartments in Charles North–Certified Lead Free!

113 West 22nd St: 3 Apartments in Charles North–Certified Lead Free!

113 West 22nd St: 3 Apartments in Charles North–Certified Lead Free!

113, West 22nd Street, Charles North, Baltimore, Maryland, 21218, United States

For Sale

$250,000

  • 00 front
  • 01 front
  • 02 front
  • 10 apt 1
  • 11 apt 1
  • 12 apt 1 kitchen
  • 13 apt 1 bath
  • 14 apt 1 basement
  • 20 apt 2
  • 21 apt 2 bath
  • 21 apt 2 kitchen
  • 21 apt 2
  • 30 apt 3
  • 31 apt 3
  • 32 apt 3 kitchen
  • 33 apt 3
  • 34 apt 3 bath
  • 35 apt 3
  • 80 electric meteres
  • 81 water heaters
  • 82 gas meters
  • 83 Roof
  • 84 roof
  • 85 roof
  • 98 rear
  • 99 rear

Property ID :

 RH-12706-property

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Units
3
Sq Ft.
2462 Sq. Ft.
Year Built
~1900
Lot Size
1368 Sq. Ft.

Description

Add this fully-occupied, lead free building to your investment portfolio to start gaining instant returns! 113 W 22nd St. is an all-brick building in Charles North, with 3 1-bedroom apartments.

All units are leased out to stable tenants on yearly leases. Tenants pay water, and units are separately metered for both gas and electric.

Charles North is an attractive neighborhood for renters due to its central location in Baltimore, just north of Penn Station, offering accessibility to commuters. Charles North is also home to many art and entertainment venues, bars and restaurants, and historic architecture. This neighborhood has a walk score of 92, a bike score of 90, and a transit score of 78.

Investment Summary:
$250,000
$102 Per Sq. Ft.
$83,333 Per Unit
8.4 Times Actual Rent (GRM)
8.1 Times Projected Rent (GRM)
8.65% Cap Rate
12.7% Projected Cash-on-Cash Return

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