2203 N. Charles St: 2 Stores + 2 Apartments

2203 N. Charles St:  2 Stores + 2 Apartments

2203 N. Charles St: 2 Stores + 2 Apartments

2203 N Charles St, Baltimore, MD 21218, USA

 

$330,000

Property ID :

 Charles2203

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Units
4
Bathrooms
4
Sq Ft.
2268

Description

Instant money maker with this 100% Leased Mixed-Use with long-term leases on Baltimore’s “Main Street”.

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 question is, “will you be a part of it?”

All apartments have updated kitchens and bathrooms.  Each apartment has its own washer and dryer in the unit.  Each rental unit has its own electric heat pump with central air conditioning.  The landlord pays for hot water.  Each apartment has its own electric meter.  Top quality modified rubber torch-down roof provides years of care-free maintenance.

INVESTMENT SUMMARY:
$345,000  Investment
$86,250 per unit
$152  per sq.ft.
8.1 Times Gross Annual Rent (GRM)
8.6 Cap Rate
11% Cash-on-Cash Return on Investment

 

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