2129 N Charles St: Corner Store + Apartment with Parking!

2129 N Charles St:  Corner Store + Apartment with Parking!

2129 N Charles St: Corner Store + Apartment with Parking!

2129 N Charles St, Baltimore, MD 21218, USA

SOLD COMP

$373,000

Property ID :

 Charles2129

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Units
3
Bathrooms
3
Garage
3
Sq Ft.
3852

Description

Huge 3,800 sq.ft. corner property produces over $3,000 in monthly rent with much upside potential.

Located just above the exciting “Station North Arts District”, just below Johns Hopkins University Homewood Campus in the Charles Village Historic District, and just east of “Remington”, Baltimore’s hottest neighborhood, Old Goucher Historic District is destined for future growth and price appreciation in the coming years. The only questions is, “will you be a part of it?”

Stable barber shop on a long-term lease anchors the first floor retail space.  Basement office/commercial/potential residence provides added revenue source.  The upper floor is a huge 2-story 4-bedroom residence with abundant natural sunlight, high ceilings, and generous room sizes.

Each unit has its own gas-fired forced air heating system with central air conditioning and gas-fired water heater.  Each tenant pays a share of the water-sewer bill.

Investment Summary:
$425,000
$110 per sq.ft.
11 times current actual gross annual rent (GRM)
8.8 times gross rent when fully leased
8.8% Stabilized Cap Rate
11.8% Stabilized Cash-on-Cash Return on Investment

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