Skip To Content

2129 N Charles Street

BALTIMORE, MD 21218
  • $500,000
  • STATUS: Active Under Contract
  • ON SITE: 53 Days
  • ID#: MDBA2120088
Under Contract
$500,000
  • 0
    BEDS
  • 0.06
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1900
County:

School Ratings & Info

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 Propertys 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 Propertys 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.

Monthly Payment Calculator



©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Arlington Realty, Inc.. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-05-26T22:54:59.367.
www.arlingtonrealtyinc.com/homes/149151908
Print Image

2129 N Charles Street BALTIMORE, MD 21218

  • Price: $500,000
  • Status: Active Under Contract
  • On Site: 53 Days
  • ID#: MDBA2120088
0
Beds
0
Baths
0
½ Baths
0.06
Acres
1900
Built
County:
Baltimore City
School District:
Baltimore City Public Schools
Property 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 Propertys 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 Propertys 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.
Exterior Features

Construction Materials Brick Garage YN No Parking Types Parking Lot Road Responsibility City/County Road Surface Type Black Top Water Access YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 3852.00 Cooling Central A/C Exclusions Tenant Possessions Heating Central Heating YN Yes Net Square Feet 3852.00

Property Features

Accessibility Features None Central Air YN Yes Cooling Fuel Electric Cross Street W 22nd Street Electric 100 Amp Service Foundation Details Brick/Mortar Gross Income 71600.00 Ground Rent Payment Frequency Annually Heating Fuel Electric Historic YN No Hot Water None Navigable Water YN N New Construction YN No Number Of Units Total 3 Original MLSNumber 802966686206 Ownership Interest Ground Rent Property Sub Type Mixed Use Sale Type Standard Sewer Public Sewer Tax Annual Amount 4576.00 Tax Lot 015 Vacation Rental YN No Water Source Public Zoning C-1

Listing courtesy of Greysteel Company LLC: .


©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Arlington Realty, Inc.. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-05-26T22:54:59.367.
 
https://bt-photos.global.ssl.fastly.net/brightmls/1280_boomver_1_802966686206-2.jpg
Logo
Arlington Realty, Inc.
701 23rd Street S
Arlington VA, 22202