2647 Charles St. Baltimore, MD 21218
An opportunity to purchase 7 apartments in Charles Village! Featuring updated plumbing, electric, windows, and HVAC, this investment offers worry-free maintenance and appeals to modern tenants! This building is Lead-Free Limited!
2645-2647 N Charles contains 6 two-bedrooms apartments and 1 three-bedroom apartment. Each unit has its own electric heat pump with air conditioning, water heater, and in-suite laundry. Kitchens and bathrooms have been modernized. As an end-of-group, 2647 Charles benefits from natural light shining through the north wall’s 21 extra windows. Each unit has its own electric heat pump with air conditioning, water heater, and in-suite laundry. Kitchens and bathrooms have been modernized.
Just 3 blocks south of Johns Hopkins University Homewood Campus, and only a block from the Hopkins Shuttle Stop at 27th & Saint Paul. Tenants also enjoy an easy walk to nearby Wyman Park Dell and the Charles Village Shopping District. 2645-2647 N Charles earns the designation “Walker’s Paradise”, with a WalkScore of 93. Find out more about Charles Village here: Why Charles Village is Great for Investment Properties in Baltimore
With modern mechanicals and turn-key apartments, this investment provides a low-risk, no-headache opportunity to own Charles Village real estate! New investors and seasoned veterans alike can appreciate the new windows, updated HVAC, and the billing convenience of separated electric meters. Between the location, the modern finishes, and available parking, the appeal to top-notch tenants will keep vacancies low.
Investment Summary: $1,045,000 $149,286 Per Unit $153 Per Sq. Ft. 9.0 Times Market Rent (GRM) 7.63% Cap Rate 10.8% 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