2213, North Charles Street, Charles North, Baltimore, Maryland, 21218, United States of America
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 two of the three apartments are currently leased. Vacant apartment just needs your finishing touches to rent out!
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: $310,000 $77,500 Per Unit $147 Per Sq. Ft. 10.3 Times Actual Rent (GRM) 7.2 Times Market Rent (GRM) 9.20% Cap Rate 15.2% Projected Cash-on-Cash Return
Unless and until there is a written Buyer-Broker Agency Agreement signed with a prospective Buyer, then Ben Frederick Realty, Inc., Ben Frederick Realty, Inc. represents the Seller. Please click here to download the Maryland Real Estate Commission form “Understanding Whom Real Estate Agents Represent”.
Owning a home is a keystone of wealth… both financial affluence and emotional security.Suze Orman