2129 N Charles St, BALTIMORE, MD

$500,000

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3,852

Square feet

0.06

Acres

About 2129 N Charles St

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 Property’s 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 Property’s 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.

Features of 2129 N Charles St

MLS® # MDBA2120088
Price $500,000
Bathrooms 0.00
Square Footage 3,852
Acres 0.06
Year Built 1900
Type Commercial Sale
Sub-Type Mixed Use
Status Active

Community Information

Address 2129 N Charles St
City BALTIMORE
County BALTIMORE CITY-MD
State MD
Zip Code 21218

Amenities

Is Waterfront No

Interior

Heating Central
Cooling Central A/C
Has Basement No
Fireplace No
# of Stories 4

Exterior

Exterior Brick and Siding
Foundation Brick/Mortar

School Information

District BALTIMORE CITY PUBLIC SCHOOLS

Additional Information

Date Listed April 3rd, 2024
Days on Market 13
Zoning C-1
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeGreysteel Company LLC

Listing Map

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