$109.03 Per Sq Foot $2,255 est/mo Sourced by Back At You

2129 N Charles St,Baltimore, MD 21218

Baltimore MD, 21218

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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.

Details

MLS#MDBA2120088
Listing TypeFor Sale
Sub-TypeResale
StatusActive Under Contract
Year1900
Days On Site71
Listing Provided ByGreysteel Company LLC | Ari Firoozabadi
Buying Commision2% Of Gr
Listing Commission2% Of Gr

Features

SQ Feet3,852
ZoningC-1
Acreage0.06

Market Activity 21218

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Learn More About This Property

StateMD
CountyBaltimore City
CityBaltimore
Zip Code21218
School DistrictBaltimore City Public Schools
Listing VS Median (in 21218)
Price:
$420,000
low | high
Med:
$230,000
95.238095238095% of Average
SqFt:
3,852
low | high
Med:
2,016
97.663551401869% of Average
$ / SqFt:
$109
low | high
Med:
$114
45.365646258503% of Average
On Site:
71
low | high
Med:
108.000000
65.740740740741% of Average
Sourced by Back At You
Listing Updated: May 28, 2024 at 1:34:16 PM PDT