2645 N Charles St: 3 Apartments, Totally Rehabbed in 1992

Sales Transaction Summary:

Owner-occupant purchaser. At time of sale, there were two non-paying tenants; and one vacant apartment.

Marketing Write-Up:

Featuring updated plumbing, electric, windows, and HVAC, this building offers worry-free maintenance and appeals to modern tenants!

2645 N Charles contains 2 spacious two-bedroom apartments in the 2nd and 3rd floors; and 1 three-bedroom apartment in the 1st floor and basement. Each unit has its own electric heat pump with air conditioning, water heater, and in-suite laundry. Kitchens and bathrooms have been modernized. This building is Lead-Free Limited!

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 N Charles earns a 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.

Also available as a package deal with 2647 N Charles, for a total of 7 apartments!

Investment Summary:
$510,000
$170,000 Per Unit
$157 Per Sq. Ft.
9.2 Times Market Rent (GRM)
7.9% Cap Rate
12.9% Projected Cash-on-Cash Return