Bought with Rashad Henderson • Samson Properties
$510,000
$495,000
3.0%For more information regarding the value of a property, please contact us for a free consultation.
3,240 SqFt
SOLD DATE : 04/12/2021
Key Details
Sold Price $510,000
Property Type Multi-Family
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 3,240 sqft
Price per Sqft $157
MLS Listing ID MDBA546772
Sold Date 04/12/21
Style Traditional
HOA Y/N N
Abv Grd Liv Area 3,240
Originating Board BRIGHT
Year Built 1900
Annual Tax Amount $4,325
Tax Year 2020
Lot Size 1,920 Sqft
Acres 0.04
Property Sub-Type Interior Row/Townhouse
Property Description
Listed and sold simultaneously. Featuring updated plumbing, electric, windows, and HVAC, this building offers worry-free maintenance and appeals to modern tenants!
2645 N Charles contains 2 spacious two-bedroom apartments in the 2nd and 3rd floors; and 1 three-bedroom apartment in the 1st floor and basement. Each unit has its own electric heat pump with air conditioning, water heater, and in-suite laundry. Kitchens and bathrooms have been modernized. This building is Lead-Free Limited!
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 a the designation “Walker's 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 2647 N Charles, for a total of 7 apartments!
Investment Summary:
$495,000
$165,000 Per Unit
$153 Per Sq. Ft.
9.0 Times Market Rent (GRM)
8.14% Cap Rate
13.7% Projected Cash-on-Cash Return
Location
State MD
County Baltimore City
Zoning OR-2
Rooms
Basement Other
Interior
Hot Water Electric
Heating Heat Pump(s)
Cooling Central A/C
Heat Source Central
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
Architectural Style Traditional
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Baltimore City Public Schools
Others
Tax ID 0312033840 014
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Agent | License ID: DC-SP98378453 MD-646259
+1(202) 560-6264 | harveyhomesdc@gmail.com