Baltimore, MD 21218,2647 N CHARLES ST
Baltimore, MD 21218,2647 N CHARLES ST
Baltimore, MD 21218,2647 N CHARLES ST
$570,000
Est. payment /mo
$550,000
3.6%
Est.Price: ?

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4,760 SqFt
SOLD DATE : 03/09/2021

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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Bright MLS (BMLS)
Listed by Thomas Fair • Ben Frederick Realty, Inc.
Bought with Rashad Henderson • Samson Properties

Jason Freeby

Real Estate Team Leader

+1(908) 443-1405

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