Zach Burnham

1316 E Churchville Rd

Bel Air MD 21014

410-652-4304

410-976-5995

zach@zachburnhamrealtor.com

2129 N Charles Street, Baltimore, MD, 21218

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$450,000
108 Days Online

2129 N Charles Street
Baltimore, MD 21218

For Sale|Commercial|Active Under Contract
0
Beds
0
Full Baths
0
Partial Baths

SqFt

/SqFt
1900
Built
County:
Baltimore City

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410-652-4304
2129 N Charles Street
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2129 N. Charles Street is a mixed-use asset comprised of two commercial units, and one large two-story residential unit with three bedrooms and two bathrooms. The duplex apartment can easily be converted into two units. Located in Charles North, the asset is 100% occupied and stabilized with three brand new leases in place with long-time tenants, giving new ownership the opportunity to benefit from the strong in-place cash flow with the asset being offered at a 8.3% year one cap rate and 6.98 gross rent multiplier (GRM). The Property’s location in Charles North attracts a diverse range of prospective tenants. Its location in the thriving, renter-heavy (93% renters) neighborhood ensures high occupancy and renter demand, as exemplified by the current rent roll. This mixed-use property offers investors diversification and long-term security. Approximately 59% of the Property’s revenues are commercial, while 41% are from the residential unit. The commercial spaces are on longer-term leases, allowing for security and credit in the short and medium term.

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Listing Snapshot
Price 
$450,000
Days Online 
108 Days
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.06 Acres
Year Built 
1900
MLS® Number 
MDBA2120088
Status 
Active Under Contract
Property Tax 
$4,576
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
2 weeks agoListing updated with changes from the MLS®
2 weeks agoPrice changed to $450,000
2 months agoPrice changed to $420,000
2 months agoStatus changed to Active Under Contract
4 months agoListing first seen online
General Features
Water 
Public
Sewer 
Public Sewer
Electric 
100 Amp Service
Foundation 
Brick/Mortar
Construction Materials 
Brick
Zoning 
C-1
Interior Features
Heating 
Central
Cooling 
Central A/C
Central Air 
Yes
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Exterior Features
Road 
Black Top
Community Features
Accessibility Features 
None
Listing courtesy of Greysteel Company LLC



The real estate listing information is provided by Bright MLS is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale or lease referenced on this web site comes from the Internet Data Exchange (IDX) program of the Bright MLS. This web site references real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties in listings may have been sold or may no longer be available. The data contained herein is copyrighted by Bright MLS and is protected by all applicable copyright laws. Any unauthorized collection or dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright © 2020 Bright MLS. All rights reserved.

Neighborhood & Commute
Source: Walkscore
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