W Home Group Logo

2516 N Charles StBaltimore, MD 21218Price: $1,350,000

  • Price: $1,350,000
  • 69 Days on Market
$
$
%
$/month over payments
Federal 30-year interest rate: 5.1% last updated on May 26, 2022
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $1,350,000List Price
  • 0.17Acreage

Listing Tools

2516 - 2520 North Charles Street offers a combination of residential apartments and commercial office suites in a central Baltimore neighborhood. Diversify your portfolio and mitigate risk in this mixed-use investment building. These renovated apartments are easy to lease and maintain,and small commercial suites are popular along the busy 25th Street commercial corridor in Baltimore. Unit Mix: 6 One-Bedroom Apartments 1 Two-Bedroom Apartment 5 Office Suites 1 Hair Salon The apartments feature modern kitchens with a mix of granite and laminate countertops,and wood and laminate cabinets. All kitchens have electric ranges,and ceramic tile floors. Bathrooms contain a mix of vinyl shower stalls and steel tubs; all bathrooms have ceramic tile floors. Living areas and bedrooms have comfortable carpeting. Individual HVAC systems for each apartment (heating and air conditioning!),vinyl replacement windows,and modern lighting and drywall appeal to today's tenants. The commercial suites have been built out by the tenants to suit their needs. The first floor suites contain a mix of carpet,laminate,and vinyl tile flooring. The basements have ceramic tile floors. Each suite has a half bathroom. The apartments are separately metered for electric. Each unit has its own electric heat pump,air conditioning,and water heater. Water and sewer is split amongst the tenants. The commercial suites share a commercial electric meter,and one gas meter per building. These costs,plus water,are split between the landlord and the tenants. A large,3,418 sq. ft. asphalt lot provides parking in the rear of the building. A savvy landlord would lease out these spaces to increase rental income. The landlord provides a dumpster for trash removal,and pays a service to clean common hallways. 25th Street is a bustling commercial thoroughfare in North Central Baltimore,home to many small businesses and national retailers alike. Apartment tenants enjoy the close proximity to many retail shops and grocery stores. Johns Hopkins University,University of Baltimore,and Maryland Institute College of Art are all close by. Charles Village's location in central Baltimore makes for an easy commute downtown or to the county via I-83. 2516 - 2520 North Charles Street garners a WalkScore of 94,and transitScore of 68,and a BikeScore of 89. $1,350,000 $103,846 Per Unit $166 Per Sq. Ft. 10.0 Times Actual Rent (GRM) 9.3 Times Market Rent (GRM) 7.35% Cap Rate 8.7% Projected Cash-on-Cash Return

Property Details of 2516 N Charles St

Property Details

Utilities and Appliances

Community

Other Details

Map Location

Driving Directions

Listed by Thomas Fair of Ben Frederick Realty,Inc.

Copyright 2022 BRIGHT, All Rights Reserved.  Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Next Step Realty | W Home Group participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.Data last updated May 28, 2022. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.

Hi there! How can we help you?

Contact us using the form below or give us a call.

Send Us A Message:

Do not fill in this field:

Hi there! How can we help you?

Contact us using the form below or give us a call.

Send Us A Message:

Do not fill in this field:

Hi there! How can we help you?

Contact us using the form below or give us a call.

Send Us A Message:

Do not fill in this field:

Do not fill in this field:

Do not fill in this field:

Do not fill in this field:

$

Do not fill in this field: