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Key Details
Sold Price $570,000
Property Type Multi-Family
Sub Type End of Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 4,760 sqft
Price per Sqft $119
Subdivision Charles Village
MLS Listing ID MDBA538882
Sold Date 03/09/21
Style Traditional
HOA Y/N N
Abv Grd Liv Area 3,570
Originating Board BRIGHT
Year Built 1900
Annual Tax Amount $6,250
Tax Year 2021
Lot Size 2,021 Sqft
Acres 0.05
Lot Dimensions 17'6\" x 115'7\"
Property Description
Featuring updated plumbing, electric, windows, and HVAC, this building offers worry-free maintenance and appeal to modern tenants! This building is Lead-Free Limited! As an end-of-group, the north facing wall lets in surplus sunlight through 21 extra windows. 2647 N Charles contains 4 spacious two-bedroom apartments. Each unit has its own electric heat pump with air conditioning, water heater, and in-suite laundry. Kitchens and bathrooms have been modernized. Just 3 blocks south of Johns Hopkins University Homewood Campus, and only a block from the Hopkins Shuttle Stop at 27th & Saint Paul. Tenants also enjoy an easy walk to nearby Wyman Park Dell and the Charles Village Shopping District. 2645 N Charles earns the designation Walkers Paradise, with a WalkScore of 93. Find out more about Charles Village here: Why Charles Village is Great for Investment Properties in Baltimore With modern mechanicals and turn-key apartments, this investment provides a low-risk, no-headache opportunity to own Charles Village real estate! New investors and seasoned veterans alike can appreciate the new windows, updated HVAC, and the billing convenience of separated electric meters. Between the location, the modern finishes, and available parking, the appeal to top-notch tenants will keep vacancies low. Also available as a package deal with 2645 N Charles, for a total of 7 apartments! Investment Summary: $550,000 $137,500 Per Unit $154 Per Sq. Ft. 8.9 Times Market Rent (GRM) 7.64% Cap Rate 12.0% Projected Cash-on-Cash Return
Location
State MD
County Baltimore City
Zoning OR-2
Rooms
Basement Other
Interior
Hot Water Multi-tank, Electric
Heating Heat Pump(s)
Cooling Central A/C
Heat Source Electric
Exterior
Garage Spaces 2.0
Waterfront N
Water Access N
Roof Type Flat,Rubber,Other
Accessibility None
Parking Type Off Street
Total Parking Spaces 2
Garage N
Building
Sewer Public Sewer
Water Public
Architectural Style Traditional
Additional Building Above Grade, Below Grade
Structure Type Dry Wall
New Construction N
Schools
School District Baltimore City Public Schools
Others
Tax ID 0312033840 013
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, FHA, Exchange, Conventional, FHA 203(b), FHA 203(k), VA
Listing Terms Cash, FHA, Exchange, Conventional, FHA 203(b), FHA 203(k), VA
Financing Cash,FHA,Exchange,Conventional,FHA 203(b),FHA 203(k),VA
Special Listing Condition Standard
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Bought with Rashad Henderson • Samson Properties