3 one-bedroom apartments featuring updated kitchens and baths, and a washer-dryer in each apartment. Separate electric heat and separate water heater for each apartment make these units self-contained. Updated electric service and newer water pipes gives this building a good mechanical structure. Some of the finishes are older, so modest upgrades will bring higher rents.
Located 8 blocks below Johns Hopkins Homewood Campus and 3 blocks north of Station North Arts District, this area is on the up-swing with strong prospects for future growth.
Charles Street is like “Main Street” in Baltimore, so a Charles Street address is desirable for commercial tenants. The area is served by main bus routes. With a 95 Walking Score and an 89 Biking Score, this location is super-accessible and convenient.
$83,333 per unit
$118 per sq.ft.
7.6 times gross annual rent (GRM)
7.8% Cap Rate
8% cash-on-cash return-on-investment
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