For Sale

2129 N CHARLES ST, BALTIMORE, MD 21218

2129 N CHARLES ST, BALTIMORE, MD 21218
  • $500,000.00
  • $129.80

Overview

Property ID: HZ3866886
  • Commercial Sale
  • Property Type
  • 3852.00
  • Sqft
  • 1900
  • Year Built

Description

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.

  • Address 2129 N CHARLES ST
  • City BALTIMORE
  • State/county MD
  • Zip/Postal Code 21218
  • Country United States

Details

Updated on April 5, 2024 at 5:21 am
  • Property ID: HZ3866886
  • Price: $500,000.00
  • Property Size: 3852.00 Sqft
  • Land Area: 0.06 Acres
  • Year Built: 1900
  • Property Type: Commercial Sale
  • Property Status: For Sale
  • MLS#: MDBA2120088
  • Office Name: GREYSTEEL COMPANY LLC
  • Agent Name: Ari Firoozabadi
  • MLS Status: Active

Additional details

  • Sewer: Public Sewer
  • Cooling: Central A/C
  • Heating: Central
  • Tax Annual: 4576.00
  • Tax Year: 2018
  • County: BALTIMORE CITY
  • Property SubType: Mixed Use
  • New Construction: N
  • Water Source: Public
  • Accessibility: None

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