2213 Charles St: 3 Apartments and 1 Retail Store in Old Goucher!

2213 Charles St: 3 Apartments and 1 Retail Store in Old Goucher!

2213 Charles St: 3 Apartments and 1 Retail Store in Old Goucher!

2213, North Charles Street, Charles North, Baltimore, Maryland, 21218, United States of America

For Sale

$325,000

  • 00 front
  • 01 front
  • 42 store
  • 41 store
  • 40 store
  • 34 unit 3 kitchen
  • 35 unit 3 br
  • 31 unit 3 bath
  • 30 unit 3 lr
  • 31 unit 3 lr
  • 26 unit 2 utilties
  • 23 unit 2 kitchen
  • 22 unit 2 kitchen
  • 20 unit 2 lr
  • 24 unit 2 br
  • 25 unit 2 bath
  • 39 unit 3 utilties
  • 51 unit 1 lr
  • 52 11 unit 1 lr
  • 12 unit 1 kitchen
  • 55 unit 1 br
  • 54 unit 1 br
  • 16 unit 1 bath
  • 17 unit 1 bath
  • 19 unit 1 water heater
  • 18 unit 1 heat pump
  • 81 gas meter
  • 80 electric meters
  • 90 roof
  • 89 rear

Property ID :

 RH-13533-property

Units
4
Garage
1
Sq Ft.
2112 sq. ft.
Year Built
1900
Lot Size
1496 sq. ft.

Description

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 second-floor apartment are currently leased; add a tenant to the rent-ready third floor and finish out the first floor to realize the full potential of this building!

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:
$325,000
$81,250 Per Unit
$154 Per Sq. Ft.
17.0 Times Actual Rent (GRM)
7.7 Times Market Rent (GRM)
8.73% Cap Rate
12.0% Projected Cash-on-Cash Return

Features

Property on Map