$420,000
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2129 N Charles Street Baltimore, MD 21218
General Commercial
Residence
Beds
Baths
...
Bed/Bath
3,852
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
Saves
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 b...rand 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 Propertyâs 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 Propertyâs 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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MLS#
MDBA2120088
Property Type
General Commercial
Year Built
1900
Square Feet
3,852
sq. ft
Price per Sq. Ft.
$109.03
Lot Size
0.06
Sewer
Public Sewer
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