443-523-6865
1201 S Charles St, Baltimore, MD for Sale
Apartments - FOR SALE
1/9
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1201 S Charles St
Baltimore, MD 21230
Riverside


HIGHLIGHTS

  • Opportunity to Acquire a Well-Maintained Mixed-Use Asset in Federal Hill
  • Minimal Deferred Maintenance for a New Owner; Offered Significantly Below Replacement Cost
  • Excellent Location in Federal Hill with Easy Access to Downtown and I-95

OVERVIEW

Harbor Stone Advisors is pleased to present 1201 S Charles., a luxury mixed-use asset located in the Federal Hill neighborhood of Baltimore City. Federal Hill is a historic district adjacent to the Inner Harbor and is home to a variety of bars, restaurants, and entertainment. Residents of 1201 S Charles are just a short walk away from area staples such as Cross Street Market, Federal Hill Park, the American Visionary Art Museum, M&T Bank Stadium, and Oriole Park at Camden Yards. The property features 16 expansive apartments with a mix of (8) 2 Br-2 Ba and (8) 2 Br-2 Ba with Den, as well as (1) ground floor commercial space. The commercial space is leased to &pizza, a popular pizza chain with 46 locations throughout Washington, DC, Maryland, Virginia, Pennsylvania, and New Jersey. The tenant also just exercised their first 5 year extension option effective June 1, 2026 through May 2031. Completed in 2016, 1201 S Charles holds a LEED Gold certification. The asset was engineered for long-term durability and reduced maintenance through the use of premium steel and brick construction materials. Typical residential unit features include stainless steel appliances, wood cabinets, granite countertops, carpet/tile/hardwood flooring, and in-unit washer/dryers. The apartments also boast high ceilings and floor to ceiling windows creating plentiful natural light. There is a garage on-site with 9 parking spaces as well as an additional 12 spaces across the street at a neighboring garage. With strong historical occupancy and performance, the opportunity exists for a new owner to organically increase rents at 1201 S Charles. The current owner has also implemented an increase of $25 to the on-site parking upon renewal and/or new lease. A new owner can continue this increase upon acquisition.

FOR SALE DETAILS

PRICE

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# OF UNITS

17

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1201 S Charles

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

2015

PARKING SPACES

21

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

C-1

APN/PARCEL ID

23-05-0965-001

ASK ABOUT THIS PROPERTY

Brooks HealyHarbor Stone AdvisorsMore Info
443-523-6865

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Brooks HealyHarbor Stone AdvisorsMore Info
443-523-6865

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.